In the second of two extended episodes, listeners hear the news that will come to define Berkshire Hathaway’s 2025 Annual Shareholder Meeting: Warren Buffett plans to step down at year-end. In another two hours of questions and answers, Buffett shares his thoughts on his recommendation for successor, Greg Abel, as well as Berkshire Hathaway’s cash pile. Then, CNBC’s Becky Quick and Mike Santoli discuss Berkshire’s succession plan and the highlights from the meeting with board member Ron Olson. Representative French Hill (R-AR) and his son also join the team, having attended the annual meeting for decades.

Listener’s Guide:

Warren Buffett plans to step down at year-end - 1:57:10

Berkshire board member Ron Olson - 2:16:12

Rep. French Hill - 2:37:00