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Warren Buffett on Saturday said he will step down as CEO of Berkshire Hathaway at the end of the year.

During the company's annual shareholder meeting in Omaha, 94-year-old Buffett said it was time for vice chairman, Greg Abel, to take over the reins.

It caps a remarkable 60-year run where Buffett transformed Berkshire from a failing textile company

into a trillion-dollar conglomerate.

Warren Buffett has passed from the realm of mere Wundekind Investing Titan. conglomerate.

Warren Buffett has passed from the realm of mere vundekind investing titans to become a totem for aspiring financiers across the world.

At once a buy-and-hold operator, a stock picker with a track record like no other,

and a scout for generational talent.

His six decades at the helm of sprawling conglomerate Berkshire

Hathaway was so successful across so many domains that it's perhaps simplest to sum it all up

in one eye-popping number. 5,502,284%. That's the overall gain in Berkshire shares between

1965 and 2024, a record that, against all conventional wisdom, trounces the wider market.

As at age 94, he now finally steps back, Berkshire's next CEO, Greg Abel, inherits leadership of a $1 trillion company facing one big question, what it will do with

a now $348 billion cash pile.

The history preceding him and the task ahead of him is the focus of this week's Viewsroom.

Welcome back to the Viewsroom, the weekly podcast that invites you, the listener, into a lively debate with breaking views columnists.

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