Legendary investor Warren Buffett is retiring as Berkshire Hathaway's Chief Executive Officer at the end of the year. He’ll hand the reins to Greg Abel, a longtime energy executive who was widely seen as his likely successor. Abel will take over Berkshire’s $1.2 trillion empire and its powerhouse stock portfolio, including Apple, Coca-Cola and American Express. Here’s how the “Oracle of Omaha” transformed modern investing, and what’s next for the company he built.
(An earlier version of a thumbnail on this video incorrectly spelled Warren Buffett’s name.)
Read More about Buffett from Bloomberg: Swimming Naked, Investing in Bricks and Other Warren Buffett Words of Wisdom
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0:00 Introduction
1:08 Buffett’s backstory
1:56 Value investing
3:52 Insurance business
4:40 Charlie Munger
5:47 Investment mistakes
7:07 Leadership transition
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