Warren Buffett Steps Down as BRK/B Chairman: What's Next for the Stock?

• Warren Buffett steps down as Chairman of Berkshire Hathaway (BRK/B), effective immediately.
• Howard G. Buffett is elected as the new Chairman of the Board, a planned succession.
• Warren Buffett becomes Chairman Emeritus and remains a member of the Board of Directors.
• BRK/B stock is up 1% in 2026, underperforming the S&P 500 (up 11%).
• An example trade involves selling a November 20 495 Put on BRK/B for a $7.10 credit, aiming for premium collection or stock acquisition at a lower breakeven of $487.90.

Warren Buffett has stepped down as Chairman of Berkshire Hathaway (BRK/B), with his son Howard G. Buffett taking over, consistent with a long-standing succession plan. Buffett becomes Chairman Emeritus and remains on the board. The stock has underperformed the S&P 500 this year, and an options trade is suggested to collect premium while potentially acquiring the stock at a lower price.