The Wall Street Journal

Warren Buffett Reveals He Stepped Down After Finally Feeling His Age

The legendary investor, 94, opens up about his decision to hand the top job to Greg Abel; ‘How do you know the day that you become old?’

Portrait of Warren Buffett sitting in a chair.
Warren Buffett at the Berkshire Hathaway headquarters in Omaha, Neb. Photo: Vincent Tullo for WSJ

Warren Buffett can’t put his finger on exactly when he decided to hand over the reins of Berkshire Hathaway to Greg Abel.  

But in recent years Buffett observed just how much energy his appointed successor brought to each working day. And how his own days had slowed. The two men were operating at different speeds—increasingly so.  

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