As Warren Buffett is all set to turn 94 this August, the Chairperson of Berkshire on Saturday discussed his retirement plans with Berkshire Hathaway stockholders and ended the meeting with several humorous comments. Concluding his 2024 Berkshire Hathaway annual meeting, Warren Buffett showed a “Shut up” as he said, “Just in case, you know my advice to myself would be…has been during this period.”(CNBC)During the conversation, he recalled his late friend Charlie Munger, whose death brought several questions about his succession. Munger, who was also the business partner of Buffett, helped build Berkshire into a $900 billion conglomerate. "I would leave the capital allocation to Greg and he understands businesses extremely well," Buffett told reporters on Saturday. Abel, in response, told investors that there will be no change in the culture of Berkshire while recruiting new employees in the future.

Source: Hindustan Times May 05, 2024 16:36 UTC