Kathmandu. Warren Buffett has announced that he will retire at the end of 2025. Buffett, who addressed the annual celebrations of Berkshire Hathaway Company in Omaha on Saturday in the presence of his shareholders, was shocked to announce that he wanted to retire at the end of the year.
Buffett said he would recommend greg Abel to be CEO at the end of the year to be the board of Berkshire Hathaway. I think the time has come where Greg should become ceo of the company at the end of the year,” Buffett was quoted as saying by international media houses.
Earlier, 94-year-old Buffett had always said that he had no plans to retire. He has been leading the company for 60 years.
Earlier on Saturday, Buffett warned of the dire global consequences of US President Donald Trump’s tariffs. He told thousands of investors gathered at his annual meeting that “trade should not be a weapon.” “There’s no question that the trade could be the cause of the war,” he added. “
Buffett said That Trump’s trade policies have increased the risk of global instability by angering the rest of the world.
“I think it’s a big mistake when you have 7.5 billion people who don’t like you well, and you have 300 million people who are screaming about how they’ve worked,” Buffett said at the start of the Berkshire Hathaway shareholders’ meeting.
America has been going through revolutionary changes since its birth, and the promise of equality for all was not fulfilled until years later, Buffett said. But nothing happening today has changed his long-term optimism about the country.
He warned that market turmoil does not create big opportunities.
Buffett said he doesn’t see many lucrative value investments these days that he understands, so Berkshire is sitting on $347.7 billion in cash, but he predicted that one day Berkshire will be “bombarded with opportunities, for which we’ll be happy that we have cash.” “
