Warren Buffett is stepping down – but his advice is still timeless
Buffett may have a net worth of around $168 billion, but he's managed to stay grounded. He has an egg McMuffin for breakfast every day and has lived in the same house in Omaha, Nebraska for more than 65 years. As well as becoming one of the world's sharpest investors, he has also become famous for the wit and wisdom he dispenses in his annual letter to Berkshire Hathaway's shareholders.
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Daily Mail
24-05-2025
- Daily Mail
Warren Buffet's brokerage breaks silence on 2025 home prices
Rising home prices and stubbornly high mortgage rates are keeping buyers on the sidelines this year — stalling what's usually the hottest season for real estate. Adding to the housing crisis are the surplus of homes on the market and a worries over the rocky US economy. Usually a robust season for the housing market, spring sales have slumped — a worrying indicator of the crash many believe is coming. But Warren Buffett's real estate company is offering a glimmer of optimism for the second half of the year. Berkshire Hathaway Home Services expects to see a market revival, saying that the slower housing market will eventually lower mortgage rates, making it more affordable for people to buy a home. 'While the spring and summer home buying season should still be robust, it's likely that sales volume will be lower due to irrepressible home prices and mortgage interest rates,' reports Berkshire Hathaway. 'If consumers continue to hunker down through the first half of the year, interest rates could fall slightly." Soon, home sellers will adjust to market realities and lower their prices, according to the company, which adds that the best time to buy could be right around the corner. 'It could be that Q3 2025 will turn out to be the best time to buy a home this year," the BH blog stated. House showings tend to increase during the tail end of the summer months and families will time their moves to be finished before the start of a new school year. That's a hopeful outlook, especially since the current housing market has been labeled a 'dud' by Redfin, which confirms it has completely stalled. The National Association of Realtors found that existing home sales dropped 5.9 percent between February and March 2025, a time of year when sales typically rise. According to a report from there are 481,000 new homes for sale across the US, the highest level since 2007. Interest rates remain high and rents have declined causing builders to back off of building multi-family apartments. Higher rates are also keeping potential home sellers locked into their homes as they don't want to give up their current mortgage loans to buy more expensive housing at higher interest rates. The National Association of Realtors forecasts that mortgage rates will average 6.4 percent in 2025 and dip a little to 6.1 percent in 2026. Florida is one of the markets where sellers are dropping prices on homes at a fast rate NAR predicts existing home sales will rise by 6 percent in 2025 to 11 percent in 2026. But on the downside, while the summer homebuying season should still be better, it's likely that overall sales volume will still be lower than years past due to expensive home prices and those still-high mortgage rates. Despite Buffet's news, a recent report warned that five metro areas — three in Florida and two in Arizona — are seriously at risk of a housing market crash in 2025. 'The big picture still is one of a very subdued housing market,' said Oliver Allen, senior US economist at Pantheon Macroeconomics. This week Buffett revealed the heartbreaking real reason he's stepping down from Berkshire Hathaway. Earlier this month, the ' Oracle of Omaha' attracted gasps and then a standing ovation when he broke the news during the annual meeting of his firm. At the time, Buffett. 94, gave no specific reason — merely endorsing long-time chairman Greg Abel as his successor, starting in 2026. However, in a new interview, Buffett admitted that his age was finally catching up to him as he headed toward his mid-90s. 'I didn't really start getting old, for some strange reason, until I was about 90 but when you start getting old, it does become - it's irreversible,' he told the Wall Street Journal.
Reuters
20-05-2025
- Reuters
Kraft Heinz looking at M&A opportunities as packaged foods demand slows
May 20 (Reuters) - Packaged foods giant Kraft Heinz said it was looking at strategic transactions as consumer demand for its pricey snacks and ready-to-eat meals weakens due to an uncertain economic environment and high inflation. The company has been looking for potential merger and acquisition opportunities "over the past several months", chief executive officer Carlos Abrams-Rivera said in a statement. Consumers are turning to healthier processed food products and a surge in the use of weight-loss drugs has also cast a shadow on demand for packaged foods. Additionally, tariffs were adding to Kraft's woes as it lowered its annual organic sales and profit forecasts last month. Its hot dogs and cold cuts business, Oscar Mayer, was attracting interest from several buyers for a deal that could be worth $3 billion, Reuters reported in October last year. The company declined to comment further on the nature of the strategic transactions. Kraft Heinz also said Timothy Kenesey and Alicia Knapp, executives at Berkshire Hathaway-owned (BRKa.N), opens new tab companies, were leaving the board of directors after Warren Buffett's conglomerate said it would no longer hold board seats.
Reuters
18-05-2025
- Reuters
Buffett to sit alongside board members at 2026 Berkshire meeting, won't appear on stage, report says
May 18 (Reuters) - Berkshire Hathaway (BRKa.N), opens new tab founder and chairman Warren Buffett is going to forego his usual stage appearance at the 2026 company shareholders' meeting, the Omaha World-Herald reported on Sunday. Buffett instead will be seated alongside the company's board of directors while his successor and current vice chairman and incoming CEO Greg Abel answers questions, the report said. At Buffett's request, Abel will take the stage next year, the report added, citing Susie Buffett, Warren Buffett's daughter and a Berkshire board member. Abel told the newspaper that the next annual meeting will be in Omaha on May 2. Reuters could not immediately confirm the report and Berkshire did not immediately respond to a Reuters' request for a comment. Earlier this month, the company said that Buffett would remain as chairman after Abel takes over as CEO. Berkshire made that announcement two days after the 94-year-old Buffett revealed at the company's annual meeting in Omaha that he would step down as CEO, ending six decades at the helm for the legendary investor.
