Happy retirement

Over 60 years, Warren Buffett and the late Charlie Munger turned Berkshire Hathaway into the most valuable non-tech, non-oil company in the world, with a market cap of $1.16 trillion and a staggering 5,502,284% return — nearly double the S&P 500’s annualised performance. Today, Berkshire holds $347.7 billion in cash and owns over 180 businesses generating $400 billion in annual revenue. With iconic companies like Apple, American Express, Coca-Cola and Kraft Heinz making up more than half of its $277 billion listed portfolio, their legacy is one of disciplined, long-term value investing. While we wish Warren Buffet a happy retirement, his market genius is unique and it is certain Berkshire is going to change under Greg Abel.