🚨 Buffett Announces Resignation as CEO: The Future and Investment Strategy of Berkshire 🚨

In 2025, Buffett has been at the helm of Berkshire Hathaway for 60 years. He recently announced at the shareholders' meeting that he will officially resign as CEO by the end of the year. This news has attracted widespread attention in the investment community. Here are the key points and analysis from this investment 'Spring Festival':

1. Buffett Resigns as CEO, Who is His Successor?

Greg Abel to Succeed as CEO: Buffett made it clear that his successor will be Greg Abel, a director at Berkshire. Abel is currently responsible for the company's operations, and Buffett described him as 'the most suitable candidate.' Buffett will still participate in decision-making: Despite stepping down as CEO, Buffett will remain with the company to provide assistance, but the final decision-making power will be in Abel's hands.

2. Berkshire's Financial Condition: Cash Reserves Continue to Increase

Cash Reserves Rise to $347.7 Billion: As of the end of the first quarter of 2025, Berkshire's total cash, cash equivalents, and short-term government bonds reached $347.7 billion, an increase from $334.2 billion at the end of last year. Operating Profit Decline: The operating profit for the first quarter was $9.641 billion, a significant decrease from $11.222 billion in the same period last year.

3. Buffett's Investment Strategy: Patiently Waiting for Opportunities

No Intent to Sell Stocks: Buffett made it clear that he has no intention of selling any of Berkshire's stocks, demonstrating his confidence in the company's future development. Long-Termism: Buffett reiterated that his investment philosophy has not changed, and he continues to adhere to long-termism, focusing on the fundamentals of companies and long-term value.

4. Summary of Key Points

1️⃣ Leadership Change: Buffett's resignation marks the beginning of a new era for Berkshire, but he will still provide guidance on the company's development.

2️⃣ Accumulation of Cash Reserves: Berkshire holds $347.7 billion in cash reserves, indicating the company's confidence and patience in future investments.

3️⃣ Long-Term Investment Strategy: Buffett's investment philosophy remains unchanged, still insisting that 'time is the friend of good companies,' focusing on the long-term value of enterprises.