How Warren Buffett Changed Investing Forever

Legendary investor Warren Buffett is retiring as Berkshire Hathaway's Chief Executive Officer at the end of the year. He’ll hand the reins to Greg Abel, a longtime energy executive who was widely seen as his likely successor. Abel will take over Berkshire’s $1.2 trillion empire and its powerhouse stock portfolio, including Apple, Coca-Cola and American Express. Here’s how the “Oracle of Omaha” transformed modern investing, and what’s next for the company he built. (An earlier version of a thumbnail on this video incorrectly spelled Warren Buffett’s name.) Read More about Buffett from Bloomberg: Swimming Naked, Investing in Bricks and Other Warren Buffett Words of Wisdom https://www.bloomberg.com/news/newsletters/2025-11-13/warren-buffett-will-stop-writing-annual-letters-his-quotes-remain-relevant?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article Subscribe to the Bloomberg Wealth newsletter, a guide to your money, delivered weekly. Plus, Family Office Focus, delivered monthly https://www.bloomberg.com/account/newsletters/wealth?utm_medium=social&utm_source=youtube&utm_campaign=originals&utm_content=article 0:00 Introduction 1:08 Buffett’s backstory 1:56 Value investing 3:52 Insurance business 4:40 Charlie Munger 5:47 Investment mistakes 7:07 Leadership transition -------- Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1 Get unlimited access to Bloomberg.com for just $1.99 your first month: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it. Subscribe for business news, but not as you've known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world. Visit our partner channel Bloomberg News for global news and insight in an instant.