Buffett Son Takes Chair as Berkshire Transition Ends

Watch on YouTube ↗  |  September 19, 2026 at 12:45  |  7:51  |  Bloomberg Markets
Speakers
Alex Rajbhandari — Bloomberg US Insurance Reporter

Summary

Warren Buffett has stepped down as Berkshire Hathaway chairman, becoming chairman emeritus, with his son Howard Buffett taking the board chair and Greg Abel remaining CEO. Bloomberg News insurance reporter Alex Rajbhandari discusses the well-telegraphed transition, Howard's background, and shareholder reaction to Abel's early tenure. Abel has resumed buybacks and pursued deals including Taylor Morrison and an Alphabet investment, but Berkshire shares have lagged the S&P 500 year-to-date.

  • Warren Buffett becomes chairman emeritus after six decades; Howard Buffett takes over as chairman.
  • Greg Abel remains CEO and has exceeded Buffett's expectations, with shareholders positive at the annual meeting.
  • Berkshire has resumed buybacks after a pause and made multibillion-dollar moves, including Taylor Morrison and an Alphabet stake.
  • Alex Rajbhandari says the transition has been well telegraphed since 2011 and a conflict between Howard and Abel is not expected.
  • Berkshire shares are flat year-to-date while the S&P 500 is up more than 11%, raising questions but early in Abel's mandate.
  • Warren Buffett, Howard, and Susie remain on the board, keeping a Buffett-heavy presence.
Ideas
Alex Rajbhandari Bloomberg US Insurance Reporter 0:43
Berkshire transition smooth but stock lags
Berkshire Hathaway's leadership transition is proceeding smoothly and has been well telegraphed, with Howard Buffett as chairman preserving the Buffett family legacy and culture while Greg Abel has exceeded Warren Buffett's expectations as CEO. Abel has resumed buybacks, pursued multibillion-dollar deals, and made new investments such as Alphabet and Delta, which investors view as positive signs. However, Berkshire shares have remained flat year-to-date while the S&P 500 has gained more than 11%, raising questions about Abel's early tenure, so the stock is a monitorable setup until his long-term capital allocation record is proven.
BRK.B HIGH
Alex Rajbhandari Bloomberg US Insurance Reporter 5:16
Taylor Morrison: Buffett-style contrarian homebuilding bet
Greg Abel's acquisition of Taylor Morrison in the homebuilding sector is interesting because the sector is going through turbulence, making it a classic Buffett-style contrarian call: buying a company when few others would want to buy, with the aim of growing it over time.
TMHC MED
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This Bloomberg Markets video, published September 19, 2026, features Alex Rajbhandari discussing BRK.B, TMHC. 2 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Alex Rajbhandari  · Tickers: BRK.B, TMHC