Billionaire investing legend and Wall Street icon Warren Buffett’s decision to step down from Berkshire Hathaway after 55 years at the helm has shocked Australia’s fund management industry despite his advanced years.
Buffett, 94, told tens of thousands of devoted shareholders at Berkshire’s famous annual general meeting in Omaha over the weekend that it was time to hand over the reins to vice chairman Greg Abel next year. The news rippled around the world.
Source: https://www.afr.com/markets/equity-markets/here-s-how-warren-buffett-influenced-australia-s-top-fund-managers-20250505-p5lwjx