95岁巴菲特退休！职业生涯最后一年干了啥？减持苹果股份，囤3580亿美元现金

Core Viewpoint - Warren Buffett, the renowned investor, will officially retire as CEO of Berkshire Hathaway on December 31, 2025, but will continue to serve as chairman of the board [1][3]. Group 1: Leadership Transition - Buffett announced his retirement in November 2025, at the age of 95, and plans to accelerate the donation of his personal wealth, estimated at approximately $149 billion, primarily through transferring Berkshire stock to his children's foundations [3]. - Following the announcement of his retirement, Berkshire's stock price has declined by over 6%, indicating market concerns about the leadership transition [4]. - Key executives, including Todd Combs, CEO of Geico, have left the company, with Combs joining JPMorgan, and CFO Mark Hamburg planning to retire in June 2026 [4]. Group 2: Investment Strategy - Despite the leadership changes, Buffett remains focused on the long-term development of the company, adhering to his investment philosophy by avoiding expensive transactions and selling more stocks than he buys, which has increased the company's cash reserves [4]. - In 2025, while other investors were driving up stock and cryptocurrency prices, Buffett reduced his stake in Apple and used cash to acquire a struggling oil company, potentially at a discounted price [5]. - Berkshire's cash reserves reached a record $358 billion in 2025, with Buffett stating that he is prepared to deploy $100 billion for suitable investment opportunities, emphasizing the unpredictable nature of investment opportunities [5].