Replacing Warren Buffett is perhaps the ultimate poisoned chalice. With him at the helm, Berkshire Hathaway Inc. (BRK.A, BRK.B) has delivered a staggering total return of more than 5.5 million percent to shareholders since Buffett took over the company in 1965.

Buffett seems to have done it again, electing in 2024 to hoard cash and make very limited investments, which included repurchasing far fewer shares of Berkshire than in past years. That strategy has been rewarded this year, with Berkshire's stock soundly beating the market, as investors rushed to Berkshire as a flight to safety.

Well, we finally got the news everyone was kind of half-expecting (and half-hoping wouldn’t be true for a long time to come). Berkshire Hathaway (NYSE:BRK-B) CEO Warren Buffett is 95 years old, and has determined that now is indeed the time to step away from the investing game – a game he’s played his entire life.

Warren Buffett recommends a recent documentary on his longtime friend, the former publisher of The Washington Post, Katharine Graham.

Berkshire Hathaway chair Warren Buffett sold over a million shares of DaVita worth £126.23 million on 8th May, a day before the dialysis service provider was sued by an employee benefits plan.

Warren Buffett carefully prepared for years to retire as Berkshire Hathaway CEO without causing waves, but he still made the announcement a dramatic surprise.

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