2025-05-03t18: 53: 13z
- I was in the room when Warren Buffett shocked the world, announcing his plan as CEO.
- The audience was shocked in silence, but he gave the investor two standing ovations.
- Berkshire Hathaway's chief said he did not announce his board or the offspring.
I was in the room when Warren Buffett said he would be a CEO at the end of this year, celebrating nearly six decades of remarkable term.
The legendary investor and the Berkshire Hathaway Boss made a nearly five -hour end message at the end of the Omaha Company's annual meeting on Saturday during the final message and answers to the end message.
The packed stadium was stunned to silence. The S&P 500 CEO, who took the highest job in 1970, and built Berkshire from a failed textile company to a world -renowned trillion dollar company.
It seemed as if a Buffett, who is 94 years old, could be a few more years, considering how mentally he felt the whole morning when he asked questions from all tariffs and Berkshire's huge cash piles to government spending and life advice.
He revealed that he did not announce the Berkshire board – besides two of his three children, who are the directors – and Greg Abel, the proposed descendant sitting next to him.
When Buffett stopped talking, the crowd jumped on his feet to give a thunderous applause to a man who meant so many of them.
Thousands of shareholders of Buffett rose again and clapped when he was ready to leave the stage, making him joke that their praise could be interpreted as an admiration or relief that he would resign.
The atmosphere turned to sadness and disbelief, as spectators just processed what had happened and its historical importance began to grab.
The conversations broke out when the buffet left the stage and the lights came as the rollers were approaching each other to sign the news. The stadium had a permanent drone because people spoke through the consequences of their emotions and announcements.
Buffett said that although his descendant has a final word, he assured the audience that he would probably be likely to “Still hanging around and being thoughtfully useful.”
