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The legendary investor Warren Buffett and his conglomerate of Berkshire Hathaway underwent a rare setback on Monday following the announcement of 94 years which he would withdraw as CEO of Berkshire at the end of this year, which caused the course of Berkshire’s action and the net value of Buffett.
The mandate of the six decades of Warren Buffett as CEO of Berkshire Hathaway will end this year.
Key facts
Class A shares in Berkshire dropped from $ 809,000 to $ 763,000 in the middle of the morning, while class B “Baby Berk” class B also dropped from $ 540 to $ 510, erase around $ 40 billion in market capitalization.
The slide intervened after the annual meeting of the shareholders of the company in Omaha included operating profit in the first quarter below Wall Street expectations – its operating profit of $ 6,694.59 per class A was 5% below the forecasts for consensual analysts, according to FactSet – but the analysts largely awarded the withdrawal of the action to the retirement of Buffett.
Buffett’s retirement “probably has an impact on the vision of investors on Berkshire than real operations,” Meyer Shields wrote to KBW in a Sunday note to customers.
Buffett’s fortune decreased $ 9.4 billion to $ 158.8 billion in the middle of the sale, according to forbes estimates, which makes it by far the largest Net-Bill loser on Monday, although it remains the fifth richest person in the world.
Crucial quote
Berkshire “Missa the higher skills to allocate Buffett capital, the” influence “of the market and relations”, noted the UBS analyst, Brian Meredith, in a note on Monday.
Key
Buffett will still be chairman of the board of directors to his retirement at the end of the year, confirmed the company on Monday. Berkshire has also officially announced that Greg Abel, the company’s non-assurance operations manager, obtained the appointment of the board of directors as Chairman and Chief Executive Officer of Berkshire, as planned. Berkshire’s subsidiaries include the geico insurer, the Dairy Queen ice cream channel and Benjamin Moore paint manufacturer. He owned a portfolio of shares of $ 275 billion at the end of 2024, with the Top Holdings, including a 2% participation in Apple, a 22% participation in American Express and a participation of 9% in Coca-Cola, and had a cash battery of 348 billion dollars at the end of 2025 of 2025. at the end of Buffett. The architect of Berkshire’s success when he was only “the general entrepreneur”.
Large number
19.9%. It was the annual return made up of Berkshire from 1965 to 2024, almost doubling the annual advance of 10.4% of the S&P 500, which made Buffett its legendary status as one of the rare stock selectors to beat the market in the long term. Buffett first resumed Berkshire, then a textile manufacturer in 1965.
Crucial quote
“If I was born today, I would continue to negotiate in the uterus until they say that you can be in the United States,” said Buffett at the meeting on Saturday, although the billionaire reiterated his position against the prices.
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