Of course, Berkshire Hathaway is not going to deliver the 5.5 million-percent return it has produced from 1964 through 2024 during the Abel era. As Buffett himself has conceded, the numbers have simply become too large for annualized returns in the 20% range to continue indefinitely.

I will be useful if there’s a panic in the market because I don’t get fearful when things go down in price or everybody else gets scared.’ — Warren Buffett, outgoing CEO, Berkshire Hathaway Warren Buffett stunned Berkshire Hathaway Inc.