Warren Buffett stepped down as chairman of Berkshire Hathaway earlier this month, passing the baton to his son Howard Buffett after spending more than half a century in the role and transforming a struggling textile business into a more than $1 trillion enterprise.
In his letter to Berkshire’s shareholders, the legendary market investor recalled celebrating his 96th birthday in August this year and recognizing that it was time to move on. "Father Time always wins," he reflected.
