Warren Buffett Retires: Berkshire Hathaway's Future Uncertain

Warren Buffett, the famous investor known as the Oracle of Omaha, is retiring as the CEO of Berkshire Hathaway.

He is being succeeded by Greg Abel.

Berkshire Hathaway, the company Buffett led for 60 years, has many businesses and owns parts of big companies like Apple and Coca-Cola.

One of their investments in India, Paytm, did not do well.

They bought a part of Paytm in 2018 but sold it in 2023 at a loss.

Paytm's stock is still lower than when it first started selling on the stock market.

Buffett is one of the richest people in the world and has given a lot of his money to charity.

He will still be involved as a chairman, but Abel will now be in charge.

People are watching to see how Abel will run the company and if he will make big changes.