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Howard Buffett reportedly succeeds Warren Buffett as Berkshire Hathaway chairman

Herald identifies Warren Buffett’s son Howard as Berkshire’s new chairman. A September 21 post says Warren has stepped down and revisits his $1 million S&P 500 bet as a lesson in patient investing.

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2 Sources, 9d ago, first seen 9d ago

TLDR

A Herald article shared by a user identifies Howard Buffett as Berkshire Hathaway’s new chairman. A separate September 21, 2026 post says Warren Buffett has stepped down after more than 60 years at the helm.

That post revisits his $1 million bet on buying and holding the S&P 500 for 10 years. It cites a 125.8% return for the index versus 87.7% for the best of five competing funds, presenting the result as an argument for patient investing rather than daily trading.

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35

2 Sources, first seen 9d ago

Combined views

35

2 Sources, first seen 9d ago

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2 Sources

@rkrakhmalev7An entire era in the investment world is coming to an end Warren Buffett has officially stepped down as Chairman of Berkshire Hathaway after more than 60 years at the helm. He turned a dying textile company into an empire worth more than $1 trillion. But probably one of Buffett’s greatest lessons wasn’t a specific investment. It was his famous $1 million bet. Buffett chose the most boring strategy possible: buy the S&P 500 and simply hold it for 10 years. On the other side were professional traders and fund managers. After 10 years, the S&P 500 returned +125.8%. The best of the five funds returned +87.7%. The rest did even worse. Buffett basically proved that there’s no need to trade every day. You can simply buy the market, wait, and over the long run still outperform an entire army of professional traders. One of the most boring strategies in history 😂
@bsisa16Meet Warren Buffett’s son Howard, a former sheriff, war photographer, and now, Berkshire’s new chairman – herald https://share.google/4vXn1kTOQoEPMLnr2
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    2 Sources

    @rkrakhmalev7An entire era in the investment world is coming to an end Warren Buffett has officially stepped down as Chairman of Berkshire Hathaway after more than 60 years at the helm. He turned a dying textile company into an empire worth more than $1 trillion. But probably one of Buffett’s greatest lessons wasn’t a specific investment. It was his famous $1 million bet. Buffett chose the most boring strategy possible: buy the S&P 500 and simply hold it for 10 years. On the other side were professional traders and fund managers. After 10 years, the S&P 500 returned +125.8%. The best of the five funds returned +87.7%. The rest did even worse. Buffett basically proved that there’s no need to trade every day. You can simply buy the market, wait, and over the long run still outperform an entire army of professional traders. One of the most boring strategies in history 😂
    @bsisa16Meet Warren Buffett’s son Howard, a former sheriff, war photographer, and now, Berkshire’s new chairman – herald https://share.google/4vXn1kTOQoEPMLnr2
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