After a full six decades at the helm of one of the most powerful investment empires in the world, Warren Buffett—the legendary “Wizard of Omaha”—is stepping back from the operational management of Berkshire Hathaway. The news is historic not only because of the length of his tenure, but also because of the condition in which he leaves the company: with roughly $350 billion in cash and short-term investments and $283 billion in an equity portfolio—figures without precedent in modern corporate history.

Buffett, now 95, is not departing amid chaos or uncertainty—quite the opposite. He leaves at a moment when Berkshire is financially stronger than ever. The company, once a struggling New England textile mill, is today a financial colossus spanning insurance, railroads, energy, manufacturing, retail, and services, and holding significant stakes in the world’s largest companies.

A Legacy Measured by More Than Money

While the numbers seem almost unreal, Buffett’s greatest legacy is not merely accumulated capital. His investment philosophy—long-term thinking, patience, deep understanding of businesses, and an ethical approach—has reshaped how generations of investors view capital markets. He never built Berkshire as a “trading machine,” but as a conglomerate of stable, high-quality businesses that generate strong cash flows.

Those very cash flows now bring the company nearly $900 million in cash each week, giving future leadership exceptional flexibility. Buffett has often emphasized that cash is not a weakness but a weapon—readiness for opportunities that arise during crises, when others lack the capacity to invest.

Who Takes the Helm?

Operational leadership of Berkshire Hathaway will be assumed by Vice Chairman and longtime Buffett collaborator Greg Abel. Abel, who built his career within Berkshire’s energy segment, is regarded as a manager who deeply understands Buffett’s philosophy and has already proven his ability to run complex systems.

The key message to markets is that the investment philosophy remains unchanged. There will be no short-term profit chasing, no pivot toward speculative investments—long-term value remains Berkshire’s central axis. Buffett himself has repeatedly said he expects no “revolution,” only continuity.

A Quiet Transition, a Strong Message

Notably, even at this historic moment, Buffett remains true to himself: no fanfare, no media spectacle, minimal public appearances. He declined additional comment, allowing actions—rather than words—to speak for him. This, too, is a symbolic close to an era in which he built investor trust through decades of consistency.

For global capital markets, Warren Buffett’s departure is more than a management change at a single company. It marks the close of a chapter in the history of modern capitalism. What remains is a company with an exceptional balance sheet, clear values, and leadership carefully prepared over many years.

The Wizard of Omaha steps aside, but the magic of discipline, reason, and a long-term perspective remains.

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