Warren Buffett Steps Down After Six Decades in Charge
Photographer: Christopher Goodney/Bloomberg
Good morning. Warren Buffett is stepping down after turning Berkshire Hathaway into a $1.2 trillion behemoth. Donald Trump hints at tariff deals this week. And there’s no escape from Alcatraz if the president has his way. Listen to the day’s top stories.
It’s the end of an era for a man many consider the greatest investor ever: Berkshire Hathaway CEO Warren Buffett is stepping back at the venerable age of 94. The Oracle of Omaha delivered a 5,500,000% return on Berkshire’s stock, becoming a household name as he crossed over into public consciousness through his folksy wisdom. He’ll hand the keys to Greg Abel, who inherits a giant cash pile and questions over what to do with it.