Warren Buffett, 94, has announced he will step down as CEO of Berkshire Hathaway by the end of 2025, ending a legendary 60-year run that turned a struggling textile mill into an $860 billion investment powerhouse. Buffett’s journey began in 1965 with the acquisition of Berkshire, which he later called his “worst investment” - though shares he bought for $7–$8 now trade above $809,000. His pivot to insurance in 1967 provided the financial “float” that powered major bets on companies like Coca-Cola, American Express, and Apple, turning billions in profits.
Buffett’s approach was shaped by successes such as See’s Candy and failures like the Dexter Shoe deal, which he calls his costliest mistake. Despite missing out on early investments in Amazon and Google, Buffett’s disciplined value investing and openness about his errors have made him one of the world’s most respected investors. Vice Chairman Greg Abel will succeed him as CEO
Source : Market Today
Warren Buffett Steps Down at 94: From Candy to Coca-Cola, the $860 Billion Legacy