Warren Buffett steps down, delivering a parting shot against tariffs
The disciples of legendary investor Warren Buffett gathered in Omaha seeking reassurances of America’s future, instead they got a bombshell about his future.
The tens of thousands of Berkshire Hathaway shareholders and Warren Buffett disciples who made the pilgrimage to Omaha this year were rewarded with something they never wanted. Buffett, 94, said the group’s vice chairman, Greg Abel, should succeed him next year.
They can lay claim to being present for Buffett’s last annual general meeting of the company, which, as chief executive and chairman, he has built into one of the nation’s largest.
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
