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Markets Daily

After Buffett's 5,500,000% Run, a New Era for Berkshire Begins

The famed investor hands the keys to Berkshire Hathaway and its $350 billion cash pile to Greg Abel. 

Greg Abel and his wife Andrea at the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, in 2024.

Photographer: David Paul Morris/Bloomberg
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Apple’s Tim Cook called him inspiring. Bank of America’s Brian Moynihan praised his lessons on life and business. JPMorgan’s Jamie Dimon said he’s “everything that is good about American capitalism.”

As Buffett called an end to his historic run, luminaries from the technology and banking worlds rushed to praise the man whose lessons they partially credit for their success.