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"Warren Buffett has finally called it quits as CEO of Berkshire Hathaway.
After sixty years of spinning hundred dollar bills into five and a half million dollar fortunes, the most successful investor of all time is handing the keys to Greg Abel - along with $382 billion in cash and a stock portfolio that's been gutted like a fish.
Today, find out what Buffett's final moves tell us about where he thinks markets are headed - and how Abel is planning to fill his shoes."
~ Coin Bureau
Warren Buffett has officially retired as CEO of Berkshire Hathaway after sixty years, handing the leadership to Greg Abel along with a massive cash stockpile of approximately 382 billion dollars. The video explains that Buffett spent his final years as CEO methodically selling off major equity positions, including significant portions of Apple and Bank of America, due to concerns over high market valuations and concentration risk. His successor, Greg Abel, inherits a company that has shifted toward a defensive posture, hoarding cash in short-term treasuries while avoiding new stock purchases or share buybacks at current prices. The strategy moving forward is expected to focus more on outright acquisitions of stable, industrial businesses rather than traditional stock picking, as evidenced by recent deals like the acquisition of OxyChem. While Berkshire has begun exploring tech giants like Alphabet through its younger investment managers, the overall outlook remains cautious, with the company waiting for a significant market correction to deploy its unprecedented capital reserves.
0:00 Intro
1:00 Background
3:55 The Inheritance
6:38 The Great Liquidation
9:44 OxyChem
11:53 Shoe-filler in Chief
14:24 The Case for Cash
17:54 The Year Ahead
Source - Coin Bureau Finance YouTube: https://www.youtube.com/watch?v=nsg3LLBWsLI
Disclaimer: This video is provided for informational purposes only, and not offered or intended to be used as legal, tax, investment, financial, or any other advice.
