Warren Buffett, the 93-year-old American investor legend, chairman of the board, and major owner of Berkshire Hathaway, has expressed confidence in his successors and stated that they are viable options to lead the company. During a general meeting over the weekend, Buffett stated that he has no intention of stepping down from the company’s board and that his longtime partner and vice chairman, Charlie Munger, is still committed to ensuring a smooth transition in leadership.
Buffett praised Apple despite Berkshire Hathaway’s reduced ownership stake in the company. The technology giant has strong market presence, making it an attractive investment opportunity for Buffett. Although Berkshire Hathaway sold off its Apple shares recently, Buffett remains committed to finding low-risk, high-return opportunities for investment. Despite declining market conditions and geopolitical uncertainties, Berkshire Hathaway’s cash reserves have reached a record high of over $200 billion.
In conclusion, Warren Buffett remains actively involved in Berkshire Hathaway’s operations while preparing for a smooth transition in leadership when the time comes for him to step aside. He emphasized the importance of finding low-risk opportunities with high returns to maximize investment potential for the company.
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