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Warren Buffett On Saturday, he shocked an arena full of shareholders by announcing that he wanted to retire at the end of the year.
Buffett said that Berkshire would recommend Hathaway to the Board, Greg Hathel should be converted to CEO at the end of the year.
“I think that the Greg came when the company became the Chief Executive Office,” he said.
Abel is the successor of Buffett for many years, and he manages all of the insurance of Berkshir’s insurance. But it was supposed to not always take after Buffett’s death. Before that, Buffett, 94, said he did not always retire.
Buffett announced the news at the end of the five-hour questions and the response period and asked no question about it. He said that the only managed board members who know it were his two children, Howard and Susie Buffett. Abel sitting next to the Buffett on stage, there was no warning.
Many investors said they believe that he would do a good job working in Habil Berkshire, but it remains to see how good it will be in investing in Berkshir’s cash. Buffett confirmed Saturday to Saturday to allow the company to invest.
“I have no intention – zero – sell a share of Berkshire Hathaway. I will finally give it,” he said. “The decision to save each share is an economic decision, because I think the prospects of Berkshire will be better than I GREG.”
Thousands of investors in Omaha Arena gave the 60-year-old applause after the recognition of the 60-year-old company.
CFRA Research Analyst Cathy Seifert, Buffett said it should be difficult for this decision to make this decision.
“It was probably a very tough decision for him, but it’s better than your own conditions,” Seifert said. “I think I think it will be an effort to protect the environment in Berkshire. This still needs to be determined.”
Buffett warns that Trump’s tariffs were harmful
Earlier, Buffett gathered on Saturday, President Donald Trump warned the terrible global consequences of Trump tariffs, but “there is no question that trade could be a war act.”
Buffett, Trump’ın trade policies have raised the risk of global instability by angering the rest of the world.
“When you have 7.5 billion people who do not love you, there are 300 million people do 300 million,” he said.
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Buffett said that trade was the best in trade between the countries, and he does not think that Trump has passed the correct way with its widespread tariffs. He said that more countries were prosperous, he said the world would be safer.
“We must seek to trade with the rest of the world. We must do the best and they must do the best.”
Since America’s birth, he has passed the revolutionary changes and the same for everyone is the promise of the same year later, he said. But nothing happening today has changed long-term optimism about the country.
“If I was unborn today, he said in the womb.” Buffett said.
Sunday confusion does not create great opportunities
Buffett said he had invested many attractive valuables, so Berkshire, Berkshire, Berkshire sits for $ 347.7 billion in one day, we will bomb us who we had somewhat likes to our likes, he said.
Buffett said the latest conflicts in the markets that create headlines after the last month Trump’s Tariff Advertisement, “Really Nothing”. In the last 60 years of Berkshir in the last 60 years, the company rejected the latest drip for three cycles to reduce shares in the last 60 years. The Dow Jones Industrial Average 240’s Day was reduced to 41 in 1930 in 1930, in the markets, reduced to 41 in the markets. The Dow Jones industry is currently $ 41,317.43.
“This was not a dramatic bear market or something,” he said.
Buffett said Berkshire did not receive any shares this year, because it doesn’t look like a bargain.
Investor Chris Bloomstran, the president of the Semper Augustus group, said Gabelli investment conference could be the best thing for Berkshire on Friday, because it will create opportunities to invest in attractive prices.
“I am confident that the trade war becomes worse. He is in a crisis. Berkshire is in the crisis,” said Bloomstran.
The Berkshire meeting takes thousands
The meeting attracts 40,000 people who want to hear from Buffett, including some celebrities and well-known investors. Hillary Rodham Clinton also attended this year. Clinton announced the last candidate for fear of fear of fear of policy and any controversial topic in recent years, and Berkshire’s use of Berkshire.
Haibo Liu camped a night in the arena in the arena to be in the first place on Saturday morning. Liu said the buffet could have a final meeting since the age of 9, so he made a priority to attend the second meeting.
“It helped me a lot.” Liu from China to attend China. “I really want to let you know thanks to him.”
Concerns related to Buffett’s replacement
SHARE Linda Smith, for the first time when a room of Berkshire Hathaway, Berkshire Hathaway, Berkshire Hathaway, when Doris was taken home, he said he came home after receiving the candy and had to get a share.
Smith could not buy immediately because the price of a unit was sold about $ 3,400, and it was equal to income as a student. However, as soon as he did a job, he took his friend advice and began to save a part of his selling for $ 809,350.
Over the years, Smith estimates that he probably participates in a meeting about 20 years – often brings a friend.
“I really like to listen to Warren Buffett – especially with everything this year,” he said.
Buffett has not been a plan to retire because it has been enjoying digestion because it has been to multilay the money of Berkshire. Plans to work until they die or to be incompetent. Although he used a cane, the question of a few hours a few hours this year shortened the period of response.
“I think that even if they die, these enterprises will keep their values,” he said. “I’d go down for a while, but good businessmen and good people will be back.”
But Smith and thousands of others will definitely miss the hearing Buffett’s voice after you go. Buffett has been leading Berkshire for 60 years.
Buffett, Berkshire’nin all over the control of insurance companies, President of the Board of Directors Greg Abel, said he will be fired.
As the inspection capital management, shareholders, as well as a sequence, as well as Abel, and Berkshire employees mainly work themselves. Buffett said that he could be more principal and more than Berkshire companies.
“I think we will get a more hand manager and this can be a good thing,” he said. However, he said that Abel also enjoys the freedom of managing the work of these managers and he knows that he did not intend to do anything to convert them.
