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Warren Buffett, The Oracle of Omaha

• Posted by Dejan Pekic BCom DipFP CFP GAICD, Senior Financial Planner

Back when Charlie Munger passed away on 28th November 2023 at the age of 99 we asked a question.

Will Warren Buffett retire?

We only had to wait 18 months to get the answer.

A few days ago, Warren Buffett age 94 announced that he will be stepping down as CEO of Berkshire Hathaway at the end of 2025.

Our thoughts are that he lost some of the joy that investing held when Charlie passed away.

Berkshire Hathaway is effectively a LIC (Listed Investment Company) which invests in both listed companies and private companies and Buffett together with his co-Portfolio Manager, The Late Charlie Munger started investing Berkshire Hathaway cash in 1965.

It is hard to image that this 60 year track record could be beaten going forward by another human but anything is possible.

Click for table.

This is also a reminder that having the right Portfolio Manager (what we call Talent) working for you is the key to achieving above index performance.

Our business is based on referrals, so if you have family, friends or colleagues that want advice please ask them to contact us.

At Newealth we are always looking to support and promote our clients wherever possible and if you have any ideas or comments, please feel free to email me or to call me on +61 2 9267 2322.