The renowned investor Warren Buffett, known as "the oracle of Omaha," announced his retirement at the age of 94 after leading the conglomerate Berkshire Hathaway for 60 years. During his retirement speech in front of an audience of 40,000 people, including former Secretary of State Hillary Clinton, Buffett emphasized the importance of trade and warned that it should not be used as a weapon.
Buffett announced that his successor as the head of Berkshire Hathaway will be Greg Abel, 62, who currently serves as the company's vice president and is responsible for its operating businesses. Since 2021, Buffett has been preparing Abel to take on the new role.
Throughout his career, Buffett has been recognized for his skillful financial maneuvers, especially in times of crisis, such as during the collapse of Lehman Brothers in 2008. At that time, Buffett negotiated better terms with banks like Goldman Sachs and Bank of America.
Berkshire Hathaway has divested from investments in shares of Bank of America and Apple, affected by tariffs between the United States and China, leading the conglomerate's liquidity reserves to reach a record US$ 347 billion. Investors are eager to know Berkshire's plans for this cash.
During the event, Buffett answered questions from attendees and shared his perspective on the current investment landscape, stating that he currently does not see many opportunities at attractive prices. However, he expressed confidence that in the future, Berkshire will face multiple opportunities to invest its liquidity wisely.
