For as long as I can remember, Warren Buffett has been the north star of financial wisdom. When I was younger and clueless about money, I stumbled upon one of his quotes: “Be fearful when others are greedy, and greedy when others are fearful.” It stuck with me. Over the years I’ve followed his advice, read every shareholder letter, and tried to soak up as much as I could from the man they call the Oracle of Omaha.
So when he announced during the 2025 Berkshire Hathaway shareholders meeting that he’d be stepping down as CEO by the end of the year, it hit hard. Not because I didn’t expect it lol…he’s 94 but because his presence in the financial world has felt permanent. He’s been the calm voice of reason in market chaos, the guy who never got rattled and always played the long game.
Warren Buffett took control of Berkshire Hathaway back in 1965. At the time, it was a failing textile company. Under his leadership it became one of the most valuable companies in the world with holdings in everything from insurance and railroads to Coca Cola and Apple. His style was simple…buy great companies at fair prices and hold them forever. He never needed flashy tech or trendy stocks to win. He trusted in strong fundamentals and sound judgment.
What made Buffett stand out wasn’t just his investing. It was his attitude toward life. He lived in the same house in Omaha for decades, drove himself to work and ordered the same breakfast from McDonald’s every day. While other billionaires chased the spotlight, Buffett stayed grounded. He gave away most of his fortune and always reminded folks that money doesn’t change character, it reveals it.
Buffett made it clear that Berkshire’s future is in good hands. Greg Abel, currently Vice Chairman of NonInsurance Operations, will take the reins. Buffett said he’s keeping all his shares and has full confidence in Abel’s leadership. That vote of confidence matters. When a man like Buffett backs someone, you pay attention.
Still it’s hard not to feel a little emotional. Warren Buffett wasn’t just a CEO he was a teacher. He showed millions of people how to think differently about money, risk, and patience. He built a legacy not just in business but in values.
As someone who looked up to him for guidance in my own financial journey, I’m grateful. I’ll still follow Berkshire Hathaway, and I’ll keep learning. But I’ll miss those annual meetings, the handwritten letters, and the quiet wisdom of a man who proved that you can be successful and humble at the same time.
Warren Buffett is stepping down, but his principles won’t go anywhere. For those of us who’ve followed him for years, that’s more than enough. His retirement is a significant moment in financial history. His principles will continue to influence investors for generations to come.
