But in recent years, Buffett noticed how much energy his appointed heir brought in every working day. And how his days have slowed down. Two men worked at different speeds – more and more.
“There was no magical moment,” Buffett said, now 94-year-old, in the interview for the Wall Street Journal. “How do you know the day you grow old?”
Shareholders and observers of Berkshire were long wondered how anyone can replace Buffetta, the decades prominent figure in American business and finance. But when he crossed the 90th birthday, Buffett began to experience something that most people accepted much earlier in life: his age.
“I didn’t really start getting old, for some strange reason, until I was about 90,” he told his office in Omaha, Nebraska. “But when you start getting old, it becomes – irreversible.”
He occasionally started to lose his balance, and sometimes he had problems remembering the name of the person. Suddenly the newspapers he read looked like they were printed with too little ink, seebiz.
In the past year, those thought and feelings felt in the decision. On 3. May, at the Berkshire Annual meeting, Buffett was astonishing the investment world when he had discovered his plan in the last minutes to deviate from the site of the Executive Director and make room for Abel. Buffett will continue to serve as president of the Berkshire Board of Directors and did not set the time frame for staying in that position.
Those who filled the arena in Omahi fell silent as Buffett spoke before they started applying. Not even Abel, who shared the stage with him at that moment, did not know what would happen.
Abel, 62, joined Berkshire through investment in 1999. in Midamerican Energy, utility company from DES Moines in Iowa. Impressed by his successes in the construction of the company’s energy business, Buffett, promoted Abel in the vice president and appointed him for the General Director of all Berkshire’s unrelated operations. By 2021. was Buffett’s choice for his successor at the site of the Executive Director.
(Vijesti.ba)
