Ippo(@0xIppo):After 60 years, Buffett's last move as CEO was the hardest trade he ever made: allocating himself out of the job. He handed Berkshire to Greg Abel on Jan 1, kept the chairman seat, and told shareholders "everything will be the same." Six decades of ~19.9%/yr vs the S&P's 10.4% then years spent making the handoff boring on purpose. Most founders confuse being indispensable with being valuable. The exit was the masterclass.

2026.06.10 18:48

After 60 years, Buffett's last move as CEO was the hardest trade he ever made: allocating himself out of the job. He handed Berkshire to Greg Abel on Jan 1, kept the chairman seat, and told shareholders "everything will be the same." Six decades of ~19.9%/yr vs the S&P's 10.4% then years spent making the handoff boring on purpose. Most founders confuse being indispensable with being valuable. The exit was the masterclass.