Warren Buffett, the chief executive of Berkshire Hathaway, said he would step down from that position by the end of the year. Mr. Buffett, 94, transformed Berkshire Hathaway, once a textile company, into a powerful business investor, making billions along the way. Here’s a look back at some of the defining moments in his life….
Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate. This method — known as value investing — had existed long before Mr. Buffett, now 94, began…
Investors had speculated in recent years that Warren E. Buffett might eventually retire. But the 94-year-old billionaire still surprised many on Saturday, when he announced that he planned to step down as chief executive of Berkshire Hathaway after nearly six decades. Less surprising is who he said he intended to succeed him as the leader…
“I think the time has arrived where Greg should become the Chief Executive office of the company at year end,” Buffett said. Warren Buffett, the world’s most famous investor, has revealed his decision to step down as Berkshire Hathaway‘s CEO by year-end, appointing Greg Abel, a 62-year-old low-key Canadian executive and one of his trusted…
Masaki Kashiwara, a Japanese mathematician, received this year’s Abel Prize, which aspires to be the equivalent of the Nobel Prize in math. Dr. Kashiwara’s highly abstract work combined algebra, geometry and differential equations in surprising ways. The Norwegian Academy of Science and Letters, which manages the Abel Prize, announced the honor on Wednesday morning. “First…
Warren E. Buffett, the famed investor known for his enthusiasm for undervalued stocks and businesses, is feeling bullish these days about a traditionally staid investment: Treasury bills. The cash stockpile held by Berkshire Hathaway, his sprawling multinational conglomerate, rose past $334 billion at the end of last year, including $286 billion in short-term Treasuries. The…