From Yahoo Finance: 2025-05-05 11:00:00

Warren Buffett officially steps down as CEO of Berkshire Hathaway after making prescient moves, selling $134 billion in equities and holding $334 billion in cash. He reduced Berkshire’s Apple stake, foreseeing trade tensions and demand issues in China. Buffett’s successor, Greg Abel, inherits a legacy of uncanny market foresight.

Buffett accurately predicted the stock market’s 6% return over 17 years in 1999 and won a $500,000 bet in 2007 that the S&P 500 would outperform hedge funds. He avoided tech stocks in the late ’90s, invested in Bank of America and Goldman Sachs post-financial crisis, and foresaw the airline industry’s struggles during COVID-19.

Buffett’s legendary move with Berkshire Hathaway turned a struggling textile company into a holding company, now valued at almost $750,000 per share. His ability to anticipate market shifts and sidestep risks has solidified his status as the “Oracle of Omaha.”



Read more at Yahoo Finance: Warren Buffett retires. 8 times he called the stock market right