Ippo (@0xIppo) “After 60 years, Buffett's last move as CEO was the hardest trade he ever made: a” — TopicDigg
After 60 years, Buffett's last move as CEO was the hardest trade he ever made: allocating himself out of the job.
He handed Berkshire to Greg Abel on Jan 1, kept the chairman seat, and told shareholders "everything will be the same."
Six decades of ~19.9%/yr vs the S&P's 10.4% then years spent making the handoff boring on purpose.
Most founders confuse being indispensable with being valuable. The exit was the masterclass.
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