Warren Buffett has handed over Berkshire Hathaway’s reins after six decades at the helm to vice-chairman Greg Abel. Mr Buffett (95) transformed Berkshire from a struggling New England textile mill into a $1.1 trillion (€930 billion) financial behemoth that spans railroads, utilities and insurance operations. With Mr Buffett promising to go “quiet”, Wall Street is watching to see how Mr Abel will deploy Berkshire’s vast portfolio. Investors will also scrutinise how Mr Abel allocates the almost $900 million of cash that flows in from its businesses each week. “It is really the investment philosophy and how Warren and the team have allocated capital for the past 60 years,” Mr Abel said last May.

Source: The Irish Times January 01, 2026 20:42 UTC