Warren Buffett hands over Berkshire Hathaway reins

The legendary Warren Buffett has handed over the reins of Berkshire Hathaway after six decades. Greg Abel will take over in one of the most talked-about leadership transitions in global business history.

The 94-year-old investor, known as the 'Oracle of Omaha,' has been preparing for his succession for years. This transition is particularly significant as Buffett was not just a CEO, but the embodiment of Berkshire's corporate philosophy.

Abel is considered a different type of manager, more organized and operational. Buffett's departure marks the end of a unique era in the history of the markets.