Watch CNBC's full interview with Berkshire Hathaway Chair Warren Buffett

Warren Buffett reflects on his transition from the CEO role at Berkshire Hathaway, noting that the company’s management remains robust despite a challenging environment for capital deployment. With approximately $380 billion in cash, the firm maintains a disciplined strategy, waiting for rare, high-value opportunities rather than forcing investments in an overpriced market. Buffett characterizes current market conditions as a blend of a church and a casino, observing that speculative gambling has become increasingly prevalent. He expresses confidence in Greg Abel’s leadership and underscores the importance of maintaining a long-term perspective, even amidst macroeconomic uncertainties like inflation and potential geopolitical shocks. Ultimately, he advocates for the Golden Rule as a fundamental guide for both business and personal conduct, asserting that consistent ethical behavior remains the most reliable path to enduring success.