Buffett's big announcement: he will step down as CEO, and trade should not be used as a Weapon.

"Stock God" Buffett announced he will resign as CEO at the end of the year, stating that "tariffs are acts of war" and warning that the massive deficit will eventually backlash against the economy. Despite the market's violent fluctuations, he still calmly expressed that a halved stock price is the real opportunity.

Golden10 Data08:02

How to use record Cash reserves? Buffett: Must wait for the right opportunity to take action, possibly within five years.

Berkshire's cash reserves reached a record $347.7 billion in the first quarter of this year. Buffett stated that this scale far exceeds his ideal level, but the company must wait for the right opportunity to deploy this capital. He also revealed that Berkshire was once very close to using $10 billion from the company's record cash reserves last quarter, but ultimately decided not to act. Abel, who will take over as CEO at the end of the year, stated that Berkshire will adhere to its existing values to guide future investment behavior.

wallstreetcn06:54

The highlights of the 2025 Buffett Shareholder Meeting are here, a 500-word summary of the key points from four and a half hours of Q&A.

Buffett stated, "Trade should not become a Weapon," and trade and tariffs can be acts of war; the USA's fiscal policy scares me, as the value of the MMF could be "terrifying" when the government takes irresponsible actions; the luckiest days are those spent in the USA; planning to Hold shares of Japanese trading companies for fifty or sixty years; the recent fluctuations in the US stock market are not significant; there may be investment opportunities in the next five years; he will likely hand over the CEO position to Abel at the end of the year and will not sell any Berkshire shares.

wallstreetcn05:10

Who Is Greg Abel?

Seeking Alpha04:59

Buffett: The investment in Japan has been very successful, and plans to Hold for 50-60 years.

Regarding Berkshire Hathaway's investments in Japan, Buffett stated that the investments in Japan have performed very well over the past 5 to 6 years, and the decision to invest in Japan was very correct. Berkshire not only currently has no plans to sell any Japanese Stocks in the short term but also intends to continue holding these Stocks for fifty to sixty years, hoping to establish long-term and deep cooperative relationships with them.

wallstreetcn04:50

The Buffett era is drawing to a close! The stock god announced that he will propose Abel to succeed him as CEO at the end of the year.

① Buffett unexpectedly announced before the annual Shareholders' Meeting that he would propose to hand over the position of CEO to Abel at the Board of Directors meeting on Sunday; ② the investing guru emphasized that he will still remain in the company to assist, but Abel will have the final decision-making authority over everything; ③ Buffett also made a promise, stating that he would never sell Berkshire Stocks.

cls.cn03:34