Berkshire will miss Buffett’s “clout,” said one analyst, as the company lost about $45 billion in market value following the Oracle of Omaha’s retirement announcement.

Billionaire Warren Buffett will remain chairman of Berkshire Hathaway after Greg Abel takes over as CEO at the start of the new year.

With Warren Buffett officially stepping down after decades at the helm of Berkshire Hathaway (BRK.A), it’s tempting to believe that he’s leaving the game having already seen the final score. Over the course of his career,