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Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

https://www.nytimes.com/2026/09/18/business/warren-buffett-berkshire-chairman.html
44•saimiam•1h ago

Comments

bell-cot•55m ago
Best wishes and all. But given Berkshire's scale, and the son's age (71), questions about the next succession plan seem appropriate.

Also, since the NYT says nothing else about the son: https://en.wikipedia.org/wiki/Howard_Graham_Buffett In context, his recent involvement in local politics seems rather odd.

roryirvine•45m ago
Sounds like there's a grandson who's being groomed for that: https://en.wikipedia.org/wiki/Howard_Warren_Buffett

They all seem very similar to the British "new nobility" in the mid-late 19th century, albeit with less syphilis and opium.

mitxela•45m ago
Rags to rags in three generations, don't forget. These people are not Warren Buffett and most likely do not share his skill, luck, and psychological investment.
detourdog•8m ago
The grandson was in FFA (Future Farmers of America) in high school. My guess is the Buffett family values environment was not typical suburban USA.
echoangle•34m ago
Is grooming the right word here? The guy is 42, grooming to me has a pedophilic connotation.
avazhi•29m ago
This is how groomed is used, yes. The sexually overt connotation is a very recent thing.
SirFatty•24m ago
You should spend less time on 4chan.
theplumber•45m ago
So after all no one could be trusted
kittikitti•37m ago
People take what he does and says as gospel so knowing he went with monarchy tier nepotism is going to be very annoying.
eviks•19m ago
Or it could be very beneficial - you don't need to know anything about finance to judge the quality of this particular decision, so it's easier to cast doubt on other gospels
dugmartin•33m ago
I guess Warren’s quote only applies to other people, not him. "It’s like choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics." (https://www.nytimes.com/2001/02/14/us/dozens-of-rich-america...)
datsci_est_2015•24m ago
Maybe the implication is that Warren thinks it’s significantly easier to run a wealth fund than get gold in the Olympics. I would probably agree.
dzonga•19m ago
there's nothing wrong with leaving things to your kids to run.

that's the point of the effort after all.

warren as smart as he is was tryna go against the grain of thousands of human evolution. if you train your kids - then most likely they would've values similar to yours. hit or miss but most times a hit.

keiferski•28m ago
Buffett has been planning this since at least 2011:

CHICAGO (MarketWatch) -- Warren Buffett has told the CBS News program "60 Minutes" that after he dies, he wants his son to become non-executive chairman of Berkshire Hathaway. Howard Buffett, a farmer with no college degree, would be a good successor, the elder Buffett said, because he understands the values of the company.

http://www.marketwatch.com/story/warren-buffett-wants-farmer...

hn9zmdcaou•23m ago
Sat on a couple of boards and the non exec chair mostly just guards the culture and can fire the CEO. Abel runs the business. That's a very different job from Howard's.
BennyBallTC•3m ago
Many people do not know this but he still holds the stock that he first bought as a 13y old. It is now worth 8+ figures!

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Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

https://www.nytimes.com/2026/09/18/business/warren-buffett-berkshire-chairman.html
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