Warren Buffett Says Berkshire Has Best Odds of Lasting a Century
Warren Buffett, in his final interview as CEO of Berkshire Hathaway, expressed confidence in the company's ability to last for a century. Speaking to CNBC, Buffett stated that Berkshire has "a better chance I think of being here 100 years from now than any company I can think of." [1]
Buffett's comments come as the company prepares for a leadership transition, with Greg Abel set to take over as CEO. Despite the change in leadership, Buffett remains optimistic about Berkshire's prospects, citing the company's diverse portfolio of businesses and its strong financial position.
Berkshire's success is largely due to Buffett's leadership and investment strategy, which has focused on acquiring and growing companies with strong potential for long-term growth. Under Buffett's guidance, Berkshire has become one of the largest and most successful conglomerates in the world, with a market value of over $500 billion.
While Buffett's departure as CEO marks the end of an era for Berkshire, his legacy will continue to shape the company's direction and strategy. As he steps down, Buffett remains committed to Berkshire's mission and values, and his confidence in the company's future is a testament to its enduring strength and resilience.