Warren Buffett: Berkshire Hathaway (BRK) has a century-long advantage of longevity

AASTOCKS
2026.01.02 14:06

According to a report by CNBC, "Oracle of Omaha" Warren Buffett stated that his investment flagship Berkshire Hathaway (BRK.A.US) is more likely than any other company to continue to exist for the next century.

Buffett officially stepped down as CEO of Berkshire Hathaway on Thursday, handing over the reins to Greg Abel, ending his sixty-year tenure. Buffett transformed a struggling textile company into a conglomerate with a market value of over one trillion dollars, with businesses spanning multiple sectors including insurance and railroads, and a balance sheet boasting over $300 billion in cash.

Buffett will continue to serve as chairman of the board. He noted that Greg is a rational and pragmatic leader who, like himself, lives a low-key and normal life away from the spotlight. Buffett also praised Greg as someone who is not distorted by power, mentioning that he plays ice hockey with his children. If neighbors do not recognize him, they would not know that starting January 1, he will be the ultimate decision-maker of a company that employs nearly 400,000 people and plans to continue for another 50 to 100 years

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