How Do You Replace Warren Buffett?
The legend is stepping down. What does it mean for Berkshire Hathaway? His successor? And what will Wall Street do without the “Oracle of Omaha?”
Photo Illustration: Brandon Smith
Warren Buffett is stepping down. Just those words were enough to shake Wall Street. The man who has served as the larger-than-life symbol of American capitalism is ceding his role as chief executive of Berkshire Hathaway Inc., marking the end of an era for the world’s most famous investor.
But what does that mean for his sprawling empire, one that incoming CEO Greg Abel will be responsible for come 2026? And how do you actually replace an icon anyway? The 95-year-old Buffett has been running Berkshire for 60 years, generating massive fortunes for investors and wildly outperforming the S&P 500. On this Bloomberg Originals weekly documentary, we attempt to answer these questions while looking back on the world that Buffett—famously known as the Oracle of Omaha—built.