Reported about 8 hours ago
Warren Buffett announced his plans to retire as CEO of Berkshire Hathaway by the end of 2025 at the recent annual shareholders meeting, leading to a decline in stock prices. Historically, Berkshire Hathaway has outperformed the S&P 500 significantly, with stock increasing over five million percent since 1965 compared to the S&P's 39,000 percent. Buffett's patient investment strategy, which includes holding onto stocks for the long term and selectively investing, has contributed to this success, demonstrating the effectiveness of his approach to investment.
Source: YAHOO