How Warren Buffett, set to turn 94 this year, is thinking about his age and his business

But the multi-billionaire acknowledged, humorously at times, that he does have his limits.

Buffett expressed thoughts about how the company will move forward without him — though the nonagenarian said he felt “fine” at his age.

“I know a little bit about actuarial tables and I would say this: I shouldn’t be taking on any four-year employment contracts like several people are doing in this world,” Buffett said, per CNBC.

Buffett said that Greg Abel, his hand-picked successor and former CEO of Berkshire Hathaway Energy, would take control of investing decisions when he passed.

“I would leave the capital allocation to Greg and he understands businesses extremely well,” Buffett said during the meeting’s Q&A portion, per CNBC. “If you understand businesses, you’ll understand common stocks.”

Beyond his own mortality, Buffett also reflected on the death of his longtime business partner and friend, Charlie Munger, who died in November of last year. During Saturday’s presentation, the chairman accidentally referred to Abel, his new right-hand man, as Munger.

Abel took it in stride, calling it a “great honor” to be mistaken for Munger.

Buffett also discussed his decision to slash the company’s stake in Apple, aired his concerns about AI and deepfakes, and articulated his hope to keep going long enough for next year’s shareholders meeting.

“I not only hope you come next year, but I hope I come next year,” Buffett said in his sign-off.

Representatives for Buffett did not immediately respond to a request for comment from Business Insider.