Warren Buffett has announced his intention to retire as CEO of Berkshire Hathaway by the end of the year, handing over leadership to Greg Abel. Buffett's remarkable career has resulted in an average annual return of 20% for investors since he took charge, far surpassing the S&P 500's 10% return. As he steps back, investors will need to adapt to a new leadership style while still seeking opportunities that align with Buffett's investment criteria. The article also suggests stock picks that would meet Buffett's standards as the company transitions into this new era.
Warren Buffett has confirmed he will step down as CEO of Berkshire Hathaway at the end of the year, transitioning leadership to Greg Abel.
Buffett's tenure has yielded an average annual return of about 20%, significantly outperforming the S&P 500's 10% average.
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