Buffett Steps Down as Berkshire Chair, Ending Six-Decade Run

Berkshire Hathaway Inc. founder Warren Buffett is stepping down as the company's chairman to be replaced by his son Howard, effectively ending roughly six decades at the helm of the conglomerate. Bloomberg Intelligence Senior P&C Insurance Analyst Matt Palazola discusses the move and Buffett's legacy with the company. Video Transcript 00:00 Speaker A Yeah, I mean that that was around the time when Buffettt announced that he was stepping down uh in the beginning of this year. So, uh, you know, I think the market saw a little bit of that magic being gone. I do think the market's probably missing something there. Greg Abel was really running the show for a long time, but I think the that was the day that Buffett Magic kind of went out.