Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year, handing the reins to his chosen successor, Greg Abel.

While Buffett has offered many lessons on investing and leadership, his estate planning and succession planning practices deserve more attention.

Even though Warren Buffett hasn't made any specific mention of the Shiller P/E, or any valuation index for that matter, his actions -- i.e., 10 consecutive quarters of net-selling activity and Berkshire's record cash pile -- make crystal clear that stock valuations aren't attractive.

What to know about Warren Buffett, the billionaire stepping down from his role as chief executive at Berkshire Hathaway.

Although the typical shareholder meeting is a dusty, staid affair, the Berkshire Hathaway annual shareholders meeting is entirely different.

Buffett will remain chairman, but he aims to turn over investing oversight to Greg Abel, the company's vice chairman of non-insurance operations. The board of directors followed up by unanimously voting in favor of the move, paving the way for Abel to take over as of Jan. 1, 2026.

CEO Warren Buffett, known as the Oracle of Omaha, is among the greatest living investors. Because Berkshire Hathaway has delivered outstanding long-term returns for its shareholders, the company’s imminent earnings release will be a closely watched and highly anticipated event.

Buffett has penned dozens of shareholder letters over the decades, offering insight into his philosophy and shaping generations of investors.

The financial world was caught off guard this week with the announcement that the Oracle of Omaha, Mr. Warren Buffet himself, would retire as CEO of Berkshire Hathaway at the