But in recent years Buffett observed just how much energy his appointed successor brought to each working day. And how his own days had slowed. The two men were operating at diffe

Despite hand-picking his successor in 2021, many had suspected Warren Buffett, 94, would continue running the conglomerate for the rest of his life.

For Buffett, there's an extra layer of complexity because earnings get plowed back into Berkshire Hathaway ( BRK.A -1.59%) ( BRK.B -1.68%) and provide money for other parts of the business, increasing the total value of the company.

As investors were still processing the future of the world’s most valuable financial company without its 94-year-old architect, Ackman trumpeted his plan: to transform Howard Hughes Holdings, a smattering of US property assets assembled by the reclusive billionaire industrialist, into a “diversified holding company” in the mould of Berkshire.

Para comprender el éxito de Warren Buffett durante sus seis décadas al frente de Berkshire Hathaway Inc., basta con considerar lo siguiente: ni siquiera su fortuna de US$167.000 millones refleja toda su riqueza e influencia.

Legendary investor Warren Buffett is a tough act to follow. But the “Oracle of Omaha” said his successor Greg Abel is ready for the challenge.

Even though Warren Buffett hasn't made any specific mention of the Shiller P/E, or any valuation index for that matter, his actions -- i.e., 10 consecutive quarters of net-selling activity and Berkshire's record cash pile -- make crystal clear that stock valuations aren't attractive.