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The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
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Sign InLegendary investor Warren Buffett has officially retired as CEO of Berkshire Hathaway as of December 31, marking the end of a historic era on Wall Street. Regulatory filings revealed that prior to his departure, Buffett liquidated 75% of Berkshire's massive stake in Apple (AAPL), a move that has sparked widespread debate over tech sector valuations. Greg Abel has formally assumed the role of CEO, taking over the leadership of the conglomerate's diverse investment portfolio. Form 13F filings also disclosed that Buffett had been quietly accumulating shares in a specific consumer-facing company for six consecutive quarters before stepping down. This significant pivot away from Apple represents a major strategic shift, as the tech giant was long considered the cornerstone of Buffett's holdings. Market participants are now closely monitoring how this leadership transition and portfolio rebalancing will impact the long-term performance of BRK.A and AAPL.