BS EDIT: A Legend Retires: Buffett steps back, but Berkshire’s legacy

By Business StandardPublished On May 7, 2025

Market-beating returns

Buffett delivered ~20% annual returns for nearly 60 years—twice the market

A quiet exit

At 94, Buffett steps aside after Munger’s passing marks the end of an era

Leadership in place

Greg Abel takes over as CEO. Ajit Jain continues to head insurance

Empire of scale

From textiles to a $1.2 trillion giant with $348 bn in cash and top holdings

Keep it simple

He invests only in what he understands—patiently and with conviction

The legacy continues

New leaders, same values. Berkshire stays a beacon of value investing