In this video, Warren Buffett answer his final question as the CEO of Berkshire Hathaway at 2025 Annual Meeting and share his long-term perspective.
This footage captures rare insights from a recent Berkshire Hathaway board meeting. We examine the legendary investor's candid reflections on his tenure and his specific thoughts regarding the future of his shares.
Beyond the leadership transition, we explore the fundamental distinction between being a business operator and a passive shareholder in the stock market. Buffett provides clarity on how these roles differ and what it takes to maintai...
What Warren Buffett said
Written from the verified transcript and checked against it. Every figure links to the moment it was said.
Warren Buffett, in his final public appearance as Berkshire Hathaway CEO, announced that Greg Abel will become CEO at year-end, with the board meeting scheduled for the next day. He stated he has no intention of selling any Berkshire shares, which he will give away gradually. Buffett said the decision to retain all shares is economic, as he believes Berkshire's prospects will be better under Greg's management than his own. He noted that his continued ownership signals confidence to the board, especially if a large investment opportunity arises. Earlier, he answered a question about whether it is easier to be an operator or an investor, saying it is tougher to be an operator, and he has enjoyed the luxury of choosing his work and colleagues throughout his career. He also mentioned that his children Howie and Susie are aware of the succession plan, while other directors will learn of it at the board meeting.
Key takeaways
Greg Abel will become CEO of Berkshire Hathaway at year-end, with the board meeting scheduled for the next day.
Buffett has zero intention of selling any Berkshire shares; he will give them away gradually.
Buffett's decision to keep all shares is economic, as he believes Berkshire's prospects will be better under Greg's management.
Buffett said it is tougher to be a business operator than an investor, and he has had the luxury of choosing his work and colleagues.
Buffett's children Howie and Susie know about the succession plan, but other directors will hear it for the first time at the board meeting.
Numbers and commitments
Figure
What it refers to
Type
At
11
Number of Berkshire directors at the board meeting
Buffett, W. (2026, October 16). Warren Buffett Answers His Final Question as CEO of Berkshire Hathaway | Stocks [Interview transcript]. The Financial Economics. CEOInterviews.AI. https://ceointerviews.ai/interview/3071974/
MLA
Warren Buffett. "Warren Buffett Answers His Final Question as CEO of Berkshire Hathaway | Stocks." The Financial Economics, 16 Oct. 2026. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/3071974/.
BibTeX
@misc{buffett2026_3071974,
author = {Warren Buffett},
title = {Warren Buffett Answers His Final Question as CEO of Berkshire Hathaway | Stocks},
howpublished = {Interview transcript, The Financial Economics. CEOInterviews.AI},
year = {2026},
month = {oct},
url = {https://ceointerviews.ai/interview/3071974/},
note = {Speaker-attributed transcript with timestamps}
}
