Buffett's Last Day: Berkshire Falls Slightly, Ends 60 Years with 6,100,000% Gain

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CNBC TV18•01-01-2026, 09:23
Buffett's Last Day: Berkshire Falls Slightly, Ends 60 Years with 6,100,000% Gain
- •Berkshire Hathaway shares closed slightly lower on Warren Buffett's final day as CEO.
- •Under Buffett, Berkshire achieved an astounding 6,100,000% return over 60 years, far surpassing the S&P 500.
- •Greg Abel takes over as CEO; Buffett, 95, remains chairman and will assist Abel.
- •Abel will oversee non-insurance businesses, while Ajit Jain manages insurance operations.
- •Todd Combs' departure raises questions about the future management of Berkshire's $283.2 billion equity portfolio.
Why It Matters: Warren Buffett steps down as Berkshire CEO after 60 years of monumental growth, passing reins to Greg Abel.
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