Warren Buffett tells WSJ that retreated as CEO feeling old

Age is not just a number for the Uran Buffett.

94-year-old investment legend recently surprised shareholders announcing the intention to leave as Berkshire Hethai CEO after an epic 60-year run. The reason for making the decision was the physical impact of aging that he felt New interview with Wall Street Journal.

“I didn’t really start growing up for some strange reason until I was about 90,” he said in a magazine in a telephone interview. “But when you start to grow old, it really becomes – it’s irreversibly.”

Okul Amahi, who was 95 years old in August, discovered to the newspaper that he began to lose balance from time to time, experiencing problems that sometimes remember someone’s name. His vision also became less clear when reading newspapers.

This noted the end of the era in Berkshire, which was a unsuccessful textile mill of New England six decades ago and was transformed into a single conglomerate with enterprises, ranging from the Geico insurance to the BNSF railway. Buffett transmits his reins on a high note, as Berkshire’s shares are near a record high, which gives a conglomerate a market cap of almost $ 1.2 trillion.

The Berkshire Council unanimously voted in favor of making Greg Obel, the deputy chairman for non -insurance operations, the president and the CEO on January 1, 2026, as well as for the Buffett to remain chairman.

However, Buffett said he remains mentally sharp to make investment decisions when there are opportunities. It is known that the investment icon will be used by the market and depressed prices to make big purchases.

“I have no problems with making decisions that I made decisions 20 years ago or 40 years ago or 60 years ago,” he said in the magazine. “I will be here useful if there is panic on the market because I’m not afraid when everything is downward, or everyone else is scared … and it’s not really a function of age.”

Click here to read The original WSJ story.