Warren E. Buffett’s approach to investing is deceptively simple.
“Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate.
This method — known as value investing — had existed long before Mr.
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Renowned investor Warren Buffett announced his resignation as CEO of Berkshire Hathaway only moments after bashing President Donald Trump’s tariffs as an “act of war” against allies.
“The time has arrived where Greg should become the chief executive officer of the company at year-end,” Buffett said when he dropped the bombshell,
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Berkshire Hathaway CEO Warren Buffett stunned the audience at his annual meeting in Omaha on Saturday when he announced his plan to resign at year’s end after a nearly six-decade run as the leader of the trillion-dollar empire.
Reactions have poured in from business leaders who know and admire the billionaire investor.
Investors had speculated in recent years that Warren E. Buffett might eventually retire. But the 94-year-old billionaire still surprised many on Saturday, when he announced that he planned to step down as chief executive of Berkshire Hathaway after nearly six decades.
Less surprising is who he said he intended to succeed him as the leader of the $1.1 trillion conglomerate he built: Gregory E.
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Warren Buffett said he would step down as Berkshire Hathaway’s CEO after 55 years, eliciting tributes from investors and business leaders.
Buffett, 94, made the announcement on Saturday during the company’s annual shareholder meeting in Omaha, Nebraska. The crowd gave Buffett two standing ovations, acknowledging his career as the longest-serving chief executive of an S&P 500 company.
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If Warren Buffett is to be believed, his announcement after Saturday’s annual meeting of Berkshire Hathaway that he plans to step down as chief executive at the end of the year was news to all but a few close members of his family.
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Published: April 26, 2025 at 9:00 a.m. ET
The stock market trends upward over time — that’s a tale as old as the market itself. If you zoom out enough on any major index, you’ll see that.
So despite how volatile or steep the market’s recent plunges seem,
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