The legendary investor, 94, opens up about his decision to hand the top job to Greg Abel.

Despite hand-picking his successor in 2021, many had suspected Warren Buffett, 94, would continue running the conglomerate for the rest of his life.

Warren Buffett, the legendary investor and fifth wealthiest person in the world, thinks he didn’t start getting old until he was 90. But once it hit him, it became “irreversible.” It’s one of the reasons he’s finally decided to step down at age 94 from Berkshire Hathaway, the company he’s led as CEO since 1970.

Investors around the world have received some rather incredible news this past week. Berkshire Hathaway (NYSE:BRK-B) CEO Warren Buffett announced at his annual meeting that this will be his last one.

Commentators rightly extol Warren Buffett’s unique leadership, investment acumen and cultural stewardship — qualities that will be missed after Buffett retires as CEO of Berkshire Hathaway at the end of the year,

Operating in an era replete with purported Wall Street soothsayers, the 94-year-old Buffett always rejected the idea that anyone — even him — could predict the future.

WEB: Before he joined Berkshire Hathaway, Greg Abel led a geothermal company with plants in California. Oh, how times have changed. EMAIL: Before he joined Berkshire Hathaway, Greg Abel led a geothermal company with plants in California.