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🔵   Warren Buffett retires, Greg Abel named successor at Berkshire Hathaway

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Warren Buffett, at 94, announced his retirement as CEO of Berkshire Hathaway, naming Greg Abel as his successor [0][2][12]. Abel, vice chair of non-insurance operations, takes over a company amassed by Buffett into a financial giant worth over $1 trillion [1][4]. Concurrently, Buffett criticized Trump's tariffs, calling them "an act of war," emphasizing trade should foster mutual prosperity [22][25]. Despite market concerns, Berkshire maintains a $347 billion cash reserve for future opportunities [24][11]. Buffett’s careful succession planning and vehement warning against protectionism are pivotal in understanding current economic dynamics [2][20].

Helium Trades     May 07, 2025