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Warren Buffett has been front and center in global business news over the past few days with a series of major headlines capturing both the markets and the public’s imagination. The dominant story has been Buffett’s official unveiling of his succession plans at Berkshire Hathaway. Since May 3, when he announced his intention to hand over control of the conglomerate, shares of Berkshire have plummeted more than 12 percent and are now underperforming the S&P 500, logging their longest losing streak in three years according to The Economic Times. This investor unease isn’t just about earnings, but the legendary Buffett brand itself and its prospects without him at the helm.

Attention has zeroed in on Greg Abel, his handpicked successor, with Business Insider reporting that seasoned Buffett watchers expect Abel to be a more hands-on operator focused on deals and possibly even initiating a dividend—something Buffett himself has famously cruised past for decades. Abel will have to prove his mettle fast, as markets recalibrate expectations for Berkshire’s next era. Smead Capital and other observers have remarked that the “biggest mistake” has been not marketing the investing track records of Berkshire’s other top lieutenants, which could have stemmed some of the recent stock decline.

Buffett’s strategic moves remain under the microscope. As reported by Nasdaq and The Telegraph, he has slashed Berkshire’s massive Apple stake by 67 percent over the past year, raising questions everywhere from Wall Street to Reddit. The likely culprit for the selloff, according to his comments at the most recent shareholder meeting, could be his expectation of higher corporate tax rates. He’s also been dramatically reducing positions in US banks, including Citigroup and Bank of America, a signal many on Wall Street are reading as a bearish outlook on the financial sector.

Meanwhile, Berkshire’s real estate arm is predicting seismic changes in the housing market, expecting a baby boomer selloff that could exacerbate affordability for younger buyers, according to Berkshire Hathaway HomeServices. Despite recent market turbulence, Buffett’s long-term performance is still unparalleled, with Berkshire’s stock delivering a cumulative return above 5.5 million percent under his leadership, as highlighted by both The Motley Fool and The Economic Times.

Social media and industry chatter continue to buzz with speculation. Fans and skeptics alike are debating whether Buffett’s “rare misstep” in Kraft Heinz, which is now breaking up, will tarnish his legacy or eventually pay off. For now, the world watches as Buffett makes perhaps his biggest bet yet—on Berkshire without Buffett.

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