The Oracle of Omaha

Warren Buffett will step down as CEO of Berkshire Hathaway at year’s end after 60 years at the helm.

The 94-year-old Omaha native took over a struggling textile company in 1965 and turned it into a $1.16T conglomerate, amassing a personal fortune of $168B along the way. Buffett is beloved for his folksy, common-sense financial wisdom and philanthropy—he’s donated over $58B throughout the years and pledged to give away 99% of his fortune. 

Buffett said he will “hang around,” but is giving the final say on all company operations and investment decisions to 62-year-old Greg Abel.

Abel has worked for Berkshire for 25 years, rising through the ranks. Now he’ll be in charge of its portfolio of 200+ companies, including GEICO, Dairy Queen, and significant stock holdings of public companies like Apple and Coca-Cola.

CHRISTIAN RESPONSE
Whether your portfolio is Buffett-sized, tumbling, or nonexistent, remember: you won’t bring your earthly treasures to heaven. Keep your focus on the Giver of good gifts, steward money wisely, and share generously with others. 

“For you know the grace of our Lord Jesus Christ: Though he was rich, for your sake he became poor, so that by his poverty you might become rich.” 
2 Corinthians 8:9 (CSB) (read full passage)