Warren Buffett : retires from Berkshire Hathaway
Warren Buffett : retires from Berkshire Hathaway
‘This will be his last shareholder meeting’ Warren Buffett
On the 94th birthday of Warren Buffett, an unexpected announcement was made at the 60th annual meeting of Berkshire Hathaway. Buffett announced that this would be his last shareholder meeting and will now lead the company Greg Abel. This decision not only surprised not only investors but also Greg Abel.
Warren Buffett is preparing to step down as the head of Berkshire Hathaway by the end of this year, so everyone’s eyes are on his successor Greg Abel. Although Abel Buffett’s legends cannot match height, analysts, board members and officials of Berkshire’s vast empire believe that they have the necessary value and vision to maintain the company’s unique culture and long -term success.
Warren Buffett: Greg works better than me with Abel
The current vice president of Berkshire Hathaway, Greg Abel, will handle the $ 1.18 trillion portfolio of Buffett, which was officially confirmed during the company’s annual shareholder meeting in Omaha on 3 May. Although 94 -year -old Buffett has been indicating successor plans for years, the formal announcement is surprising for many people.
Buffett said, “He said that Greg works better than me with Abel, because I do not want to work hard like him.” He expressed his confidence in Abel’s commitment and abilities.
Greg Abel has a burden of Rs 29 lakh crore on his shoulders: Warren Buffett
Now, Abel has a challenge to handle a huge empire of $ 1.2 trillion (about 29 lakh crore rupees). This responsibility includes big shares like Apple and American Express as well as management of insurance, energy, railway and consumer brands. He also has 350 billion dollars of cash, which is equal to about 29 lakh crore rupees in Indian rupees.
Buffett’s charisma and Abel’s challenge: Warren Buffett
According to Ellis Shrherder, who wrote a book on Warren Buffet’s life trip, Buffett’s charisma was unique and it was extremely difficult to repeat. However, Greg Abel has already proved his ability, especially in taking Berkshire’s energy unit to new heights. Now, their real test will have to manage this huge investment portfolio.
Responsibility of 4 lakh employees: Warren Buffett
There are about 4 lakh employees in Berkshire Hathaway and now the question arises whether Greg Abel will be able to manage these employees efficiently like a buffet? However, Abel has made it clear that he will only work on the principles of Buffett. Nevertheless, investors are confused about whether Berkshire shares will be equally attractive without bocks, and whether the company makes any change in its dividend or share buyback. The 94 -year -old great investor has now indicated that he will move from the post of CEO. He presented his views on various issues. He has announced the name of Greg Abbal as his successor, who will take over by December.
Warren Buffett: Buffett has strongly criticized Trump’s tariff
Buffett has severely criticized Trump’s tariff and described it as a big mistake. He said that business should never be made weapons. Buffett himself presented the idea of import certificate in 2003, about which he also said that it is different from tariffs. He said that only seven and a half billion people in the world say that this is not correct, it does not mean that it is not correct.
Warren Buffett: $ 335 billion Berkshire Hathaway
Berkshire Hathaway’s record breaking 335 billion dollars of cash defending Buffett said that Berkshire is very, very, very opportunistic and only invests to say that he has ‘invested completely’. In the last 25 years, Berkshire’s cash level has been 13 percent of its total assets, but now it is 27 percent. He said that Berkshire has recently invested $ 10 billion and if the right opportunity comes, it would not back down from investing $ 100 billion. If the company feels that it does not have to lose anything in this investment, then it invests. Buffetts are extremely optimistic towards Japan. He reported that he has invested in five Japanese companies or groups – Etochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. They all intend to remain invested, for a long time, for the next 50 years or even more, for a long time. I never considered selling this investment.
Warren Buffett: America is currently undergoing changes
Buffett has a feeling of recession towards dollar currency. According to him, he never thinks more about the currency and does not even discuss its impact on the results in a board meeting. He indirectly indicated that the future of the dollar currency is bleak. Buffett is optimistic towards America. They have been calling it ‘American tailwind’ for a long time. According to him, the US is undergoing changes at the moment, some of which are not favorable, but roughly progressive. He also said that the founding ideals of America were a contradiction.
Warren Buffett : more difficult than working in stock
If you have Artificial Intelligence (AI) and Ajit Jain (a senior officer of Berkshire Hathaway) A.J. What will happen if you want to choose? In response to such a question, Buffett said, “I will choose Ajit for the next 10 years and will not invest on the basis of any equipment developed in AI.” What if you have to choose between real estate and stock? In response to one such question, Warren Buffett said that working in real estate is more difficult than working in stock. It takes more time, you have to deal with more than one sides.
Important principles of investment: patience and willpower: Warren Buffett
Buffett said that you often have to make decisions very quickly to make money in the market, but patience is very important when it comes to finding the right opportunity. It is characterized by Berkshire. He took many decisions faster than others, due to which he earned good income. Therefore a combination of patience and will is necessary. Buffett advises that the quality of patience should never be low.