Warren Buffett has handed over the CEO reins to Greg Abel after a six-decade run. From 1964 to 2024, Berkshire delivered a compounded annual gain of 19.9%, nearly double the S&P 500's 10.4%.
Over the last couple of years, Berkshire has reduced its position in Apple stock by more than 70%. For years, Berkshire has been stockpiling cash and collecting interest on Treasury bills.
Warren Buffett steps away as CEO of Berkshire Hathaway, leaving behind a stock near all-time highs and with a market capitalization of more than $1 trillion.
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