Warren Buffett disclosed in his annual letter to Berkshire Hathaway shareholders that “it won’t be long” until he is succeeded as CEO by Greg Abel, who runs the company’s energy division.
Buffett, 94, the revered investor known as the Oracle of Omaha, was reflective and folksy as usual in his letter, published Saturday, which has come to serve as a gauge of the state of American business.
Buffett didn’t name names but seemed to touch on the political and cultural tumult of the moment in several sections of his 13-page letter. As ever, he urged investors to stay out of the weeds of the moment and remain focused
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