Warren Buffett announces the resignation at the end of the year, but reassures: « Recent volatility is nothing »

Warren Buffett said he wants to leave the guide of his conglomerate Berkshire Hathaway, a financial giant he himself built about sixty years ago. It reports the Financial Times. The 94 -year -old, the most famous investor in the world, known as Omaha’s oracle, said he would propose to Greg Abel to take charge of CEO of Berkshire at the end of this year.

The passage of witness

«The time has come when Greg should become the CEO of the company at the end of the year And I want to convince the managers immediately and get this recommendation, « he said. Abel, whom Buffett had previously appointed his successor, is currently vice -president of Berkshire’s non -insurance activities.

A long season closes

So the long season of Buffett closes at the helm. He is known for having almost always guessed the financial choices. The sacred monster of equity trading is considered to Wall Street. For this reason his declarations are listened to attention (We had written here). It affects the fact that during the annual assembly The oracle of Omaha has also minimized the weight of the recent volatility of the US equity market who has shaken investors in recent weeks. « What has happened in the last 30, 45 days, is really nothing, » said CEO.

Similar occasions of uncertainty

Buffett stressed that in the last sixty years there have been three occasions when the actions of the Berkshire Hathaway have dropped by 50%. He observed that no fundamental problem has occurred in these periods. « I do not let myself be frightened by things that others fear in the financial field, » he said. «Let’s assume that Berkshire takes 50% next week – he added – I would consider it a fantastic opportunity and would not disturb me in the least ». For Buffett: « It was not a dramatic bearish market or something. »

« Commerce is not a weapon »

« Commerce should not be a weapon, « however attacked Buffett. “I don’t think it’s right and I don’t think it’s wise», He added. «I think that the more the rest of the world will become Prospero, not at our expense, all the more we will become prosperi and we will feel safer, and one day your children will also be ». The operating profits of Berkshire Hathaway affected tensions on the markets triggered by the Trump rates by scoring a drop of 14% to 9.64 billion dollars in the first quarter of 2025, with over 700 million dollars of losses linked to changes.

The finance that disputes the duties

In the Gotha of American finance there are various personalities who contested the duties, Among these, the founder-miliary of the Hedge Fund Peshing Square Capital Management Bill Ackman, the CEO of JpMorgan James Dimon And the head of Goldman Sachs Tony Pasquariello’s Hedge-Fund team.

Who is Omaha’s oracle

« Wall Street is the only place where those who arrive in Rolls-Royce ask for advice to those who arrive on the subway». To describe it, perhaps it is better to start from this statement. Recurrent. A sort of personal mantra (We had written here). Legend has it that she started investing her small savings already at 14. When he rented a small family land in his Nebraska, obtaining a constant performance. After graduating in economics and a master’s degree at Columbia (and not at Harvard who refused his candidacy, except to change his mind later) he begins to work in New York for the first Hedge Fund of history, the Graham Fund, which he refuses to become a partner when the progenitor is retired.

The origins of his empire

He returns to his Nebraska and decides to found the buffett partnership, an investment fund with which applies the investment strategies taught by Benjamin Graham, called Value Investing, that is, the search for undervalued qualifications to buy and keep for very long periods. Through this mode, Buffett acquires participations in giants such as Coca Cola, Gillette, McDonald’s, Kirby Company and Walt Disney. Subsequently, he decides to quote the buffett partnership on the stock exchange by merging it with a listed textile company, the Berkshire Hathaway.

The Buffett indicator

Over the years he has acquired an income of credibility so privileged that he had converted it into a benchmark (We had written here). In his name, even an indicator was born that guides the investment choices in the stock exchange depending on how Buffett believes is changing the wind. It is an algorithm that evaluates the scholarships, however, linking them to the GDP of the United States, thus identifying a point of industrial fall. It was one of the few, Warren, to predict even the collapse of 2008 with that course, gradually abandoning the bank securities before the leHman Brothers shoulder strap. He is known for his philanthropic activities. For years he has financed the foundation of his friend Bill Gates.