Prediction: Warren Buffett May Be Shifting Out of His Berkshire Hathaway CEO Role, but He's Not Done Investing

Warren Buffett gave investors big news last weekend. During the Berkshire Hathaway shareholder meeting, the billionaire investor said he would step down from his chief executive officer role at the end of the year after 60 years at the helm.Buffett will remain chairman, but he aims to turn over investing oversight to Greg Abel, the company's vice chairman of non-insurance operations. The board of directors followed up by unanimously voting in favor of the move, paving the way for Abel to take over as of Jan. 1, 2026.Meanwhile, Buffett remains in the position for about seven and a half months and has a record level of cash available to invest if opportunities arise. The investing giant has been a net seller of stocks over the past 10 quarters, even lowering holdings of some of his favorite stocks, such as Apple and Bank of America. This has helped him increase Berkshire Hathaway's cash to $348 billion, its highest level ever.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool