No. of Recommendations: 20
No way Buffett made this decision. I believe him when he says he has stepped away.
They you should believe what he said, not what you think he said : )
He said he would " no longer be writing Berkshire’s annual report or talking endlessly at the annual meeting. As the British would say, I’m “going quiet.”...Greg Abel will become the boss at yearend."
Those things he mention start next year.
This year, he is still CEO and chairman and fully in charge of capital allocation. If the Alphabet purchase has been initiated by Todd or Ted, that's solely because Mr Buffett has delegated that amount of authority to them this year, as it's his to delegate.
Jim
