Warren Buffett will be taking a walkthrough of the Berkshire Hathaway Annual Shareholders Meeting held in Omaha, Nebraska on May 3, 2025.
David A. Grogen | CNBC
After all, age is not Warren Buffett’s number.
The 94-year-old investment legend has recently surprised shareholders by announcing his intention to resign as follows: Berkshire Hathaway CEO after an epic 60 years of execution. The reason behind the decision was the physical effects of aging that he had experienced, Buffett said. A new interview with the Wall Street Journal.
“For some strange reason, I didn’t really start to get old until I was 90,” he told the Journal in a phone interview. “But when you start to age, it becomes – it’s irreversible.”
The Omaha Oracle, who turned 95 in August, revealed to paper that he sometimes began to lose his balance, experiencing problems of remembering someone’s name. Also, when I read the newspapers, his vision was less clear.
It marked the end of the era in Berkshire. This was a New England textile mill that failed 60 years ago, and has transformed into a unique conglomerate with companies ranging from GEICO Insurance to the BNSF Railway. Berkshire’s stocks are near record highs, so Buffett has handed over his reins at high notes, giving the conglomerate a market capitalization of around $1.2 trillion.
Berkshire’s board of directors unanimously voted on January 1, 2026 for Vice Chairman, President and CEO of the Uninsured Business, and Buffett to serve as chairman.
Still, Buffett said he remains mentally keen to make investment decisions when opportunities arise. Value Investment Icons are known to make large-scale purchases using market turmoil and slump prices.
“There’s no problem making decisions about something that was made 20, 40, 60 years ago,” he told the Journal. “When things go down with prices or when everyone else is scared, I don’t get scared, so if there’s panic in the market, I’m useful here. And it’s not really an age feature.”
Click here to read Original WSJ story.
