Warren Buffett confirms he remains actively involved in investment decisions at Berkshire Hathaway despite transitioning CEO duties to Greg Abel in 2026, noting a recent small purchase and emphasizing the firm's significant cash reserves.
Ongoing Investment Role
Buffett, 95, stated he continues to review all investment updates daily and consults with Mark Millard, Berkshire's director of financial assets, before market openings. He assured that new CEO Greg Abel receives daily reports and has final approval, stating, "I won't make any [investments] that Greg thinks are wrong."
Daily Office Routine
- Buffett arrives at the office each day.
- He discusses market developments with Millard, whose office is approximately 20 feet away.
- Trades are executed based on their pre-market conversations.
Market Volatility Comments
Buffett minimized recent market fluctuations, comparing them to historical downturns where declines exceeded 50%. "This is nothing to make you get excited," he remarked, indicating current conditions do not present major buying opportunities.
Cash Position and Recent Purchases
- Berkshire purchased $17 billion in Treasury bills at a weekly auction.
- Cash and cash equivalents surpassed $370 billion at year-end, largely held in Treasury bills.
- Buffett described the new investment as a "tiny purchase" without further details.