Buffett's Legacy Continues Under New Leadership at Berkshire Hathaway
Warren Buffett stepped down as chairman of Berkshire Hathaway's board on September 18. He will remain a director and take on the title of chairman emeritus, while Howard Graham Buffett, one of his sons, takes over as new chairman.
This move is seen as a natural progression given Greg Abel's role as CEO since January 2026. Under Abel, Berkshire Hathaway has already made significant changes to its portfolio, including increasing its stake in Alphabet and cutting its positions in smaller holdings.
Abel's strategy focuses on concentrated investments in high-conviction stocks and company-controlled businesses. He has praised the approach of investing in companies with strong leadership teams and stable earnings potential, citing Berkshire's core holdings such as Apple, American Express, Coca-Cola, and Moody's.
According to Buffett, Abel 'has exceeded' his expectations, showing a willingness to make bold decisions while maintaining a disciplined approach. This confidence is expected to continue under Abel, with predictions suggesting that Berkshire Hathaway will implement a consistent dividend policy for the first time in its history.