An Au Revoir to the Oracle of Omaha

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This week, we’ve got…

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Warren Buffett is finally stepping down at 95, handing the Berkshire Hathaway throne to Greg Abel. The Oracle of Omaha says he still feels “generally good,” but admits that “becoming old is not to be denied.” His farewell letter doubled as a $1.3 billion stock gift to his family foundations and a reminder that Berkshire’s empire, from Geico to Coca-Cola, remains built for the long haul. Something crypto traders must remember as they ratchet up their 23x leverage Fartcoin trades.

Buffett’s exit marks the end of an era defined by patience, dividends, compound returns, and a lot of Coca-Cola. His steady hand guided generations through bubbles and busts, but the baton now passes to Abel, who inherits a portfolio heavy in American Express, Apple, and Chevron, names that still anchor many retirement accounts. He also inherits an immense amount of pressure.

Meanwhile, younger investors are rewriting the playbook. Millennials are pouring into private equity, venture capital, and crypto, with alternatives now making up 20% of their portfolios. Gen Z is skipping the dip-buying habit altogether, wary after watching their riskier bets fade. The Buffett model of “buy great companies and hold forever” is giving way to one generation that either chases growth in alt investments like private companies and another that simply sits out the volatility.

Private markets are eating Wall Street’s lunch. Billion-dollar private funding rounds now outnumber billion-dollar IPOs two to one, as firms like OpenAI and Databricks raise massive sums without ever touching the public markets. KKR’s latest earnings beat shows that the smart money is still flowing into private equity, even as smaller players like BlackRock’s private loan to Renovo Home Partners just went to zero.

The private credit market remains surprisingly resilient. Flexible deal structures and direct borrower relationships have kept defaults low, even as critics warn of a “private credit winter.” For now, the big players are thriving while retail investors are left watching from the sidelines, locked out of the juiciest returns.

Meanwhile, Goldman Sachs says US investors are chasing yield abroad, piling into Japanese AI and tech stocks as the Nikkei surges. The message is clear: public markets are still moving, but the real action, and the risk, is happening behind closed doors.

A lot can happen in a week!

Let’s take a quick look at who struck gold and who struck out since our last issue:

Apple Inc. (AAPL): +1.58%
Berkshire Hathaway Inc. (BRK.A): +4.66%
Eli Lilly and Company (LLY): +10.02%
JPMorgan Chase & Co. (JPM): +2.51%
Walmart Inc. (WMT): +0.76%

Amazon.com, Inc. (AMZN): -0.02%
Microsoft Corporation (MSFT): -0.18%
Broadcom Inc. (AVGO): -0.56%
Alphabet Inc. (GOOG): -0.29%
NVIDIA Corporation (NVDA): -3.17%

(This video is of Palantir CEO Alex Karp btw)

Analysis provided by ​altindex.com​.

Remember to always DYOR.

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Current price: $581.11
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Current price: $157.90
Target price: $186.78

That’s all for today. Write us and let us know your thoughts on the market, the newsletter, or the weather—we’d just love to hear from you.

Till next time,
— Brandon and Blake of Invested Inc.