Billionaire investor Warren Buffett has warned shareholders that his sprawling conglomerate, Berkshire Hathaway, will likely find it harder to outperform the market in the coming decades due to its immense size. The 95-year-old, who plans to step down as CEO in January, also acknowledged that “Father Time” is catching up with him.
In a new letter to shareholders, Buffett reflected on his life and health, announcing $1.3 billion in new charitable gifts. These funds are destined for the four family foundations run by his children, continuing a philanthropic effort that, alongside the Gates Foundation, has steadily distributed his fortune since 2006.
