Buffett quits as CEO, leaves a shining example

Warren Buffett, 94, CEO of Berkshire Hathaway for 65 years, has become a byword for investment genius.

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So, when he announced that he would step down as CEO at the end of 2025, and Vice Chairman Greg Abel will take over, there was not so much apprehension as there was speculation about the future.

This was partly reflected in the tributes that American business honchos had paid Buffett on his announcement. Jamie Dimon, CEO of JP Morgan Chase & Co, summed it up when he said, “Warren Buffett represents everything that is good about American capitalism and America itself investing in the growth of our nations and its businesses with integrity, optimism and common sense.” It is indeed the case that Buffett remained steady even as the American market and economy passed through phases of turmoil, steep fall in growth as well as windfalls.

Buffett did not get overexcited and over-optimistic when the going was good, and he did not lose heart when things turned difficult. And also he did not look beyond America for investment opportunities.