Apple CEO Tim Cook paid tribute to Warren Buffett, calling him an inspiration and saying it’s been a privilege to know him.

Cook also expressed confidence in Buffett’s successor, Greg Abel, saying Berkshire Hathaway is in “great hands.”

At Berkshire’s 60th shareholder meeting, Buffett praised Apple and joked that it earned more for its investors than he did.

Apple now makes up over 28% of Berkshire Hathaway’s portfolio, with Buffett crediting Cook’s leadership for its success. Buffett plans to step down as CEO by the end of 2025, ending a remarkable six-decade run that made Berkshire a global giant.

His legacy as the “Oracle of Omaha” reflects a lifetime of wise, long-term investing that’s inspired leaders like Cook around the world.

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