Warren Buffett Retires: Greg Abel Takes Reins at Berkshire Hathaway

• Warren Buffett, 95, the "Oracle of Omaha" and one of history's greatest investors, retires today from Berkshire Hathaway.
• Greg Abel, 63, a long-time disciple and experienced executive, will succeed Buffett as CEO of the $1.07 trillion conglomerate.
• Buffett built Berkshire Hathaway from a textile firm into a giant owning 189 companies and stakes in Apple, American Express, and Coca-Cola.
• Abel faces challenges like recent stock underperformance and pressure to consider dividends, but experts see strong fundamentals and a "succession discount" opportunity.
• Buffett will remain non-executive chairman, ensuring his continued counsel during the transition.

Why It Matters: Warren Buffett steps down as CEO, passing the torch to Greg Abel, marking a new era for Berkshire Hathaway.