Berkshire Hathaway is lagging the market worse than it has in half a century, and it’s all happening as Warren Buffett steps closer to retirement. Since May 2, when Warren announced that Greg Abel would take over as CEO,

Buffett, who oversees the company’s share repurchase programme, stopped buying back Berkshire shares in May 2024. He repurchases stock when he “believes that the repurchase price is below Berkshire’s intrinsic value”, according to company filings.

Berkshire Hathaway’s stock price has declined following Warren Buffett’s announcement that he will step down as Chief Executive Officer of the conglomerate. The market reaction highlights investor uncertainty about the company’s future leadership and direction.