Warren Buffett, the 93-year-old American investor legend and chairman of Berkshire Hathaway, has not shown any signs of stepping down from the company’s board. During a weekend general meeting, he expressed confidence in his successors, Greg Abel and Ajit Jain, who are well-equipped to lead the company when the time comes for him to step aside.
Buffett has traditionally been cautious about investing in technology companies but views Apple as a consumer goods company with strong market presence. Despite reducing its stake in the company through a significant sale of its Apple shares, Berkshire Hathaway’s cash reserves have reached a record high, exceeding $200 billion. Buffett is ready to invest the funds if a suitable opportunity arises but is limited by current market conditions and geopolitical uncertainties.
While Buffett remains actively involved in Berkshire Hathaway’s operations, he is committed to ensuring a smooth transition for his successors while navigating market uncertainties to maximize investment opportunities. Despite the decline in Apple shares and Charlie Munger passing away as vice chairman, Buffett remains focused on finding low-risk, high-return opportunities for investment.