Warren Buffett’s Exit as CEO Signals a Market Turning Point and a $354 Billion Question

We also discussed whether Berkshire’s recent underperformance relative to the S&P 500 reflects transition anxiety rather than fundamentals. Buffett’s long-standing philosophy of buying quality businesses and holding them for decades remains deeply embedded in the organization. His legacy holdings, including Apple, still anchor the portfolio, even as Berkshire has selectively added exposure to companies like Alphabet and Amazon.Both of us acknowledged that a 20% market reset is far from unthinkable, particul ...