Warren Buffett Just Gave Investors a Four-Word Farewell That Explains Both His Exit — and the Secret Behind His 6,099,294% Return
The legendary investor's latest letter to Berkshire Hathaway shareholders was bittersweet, yet instructive.
Overview
Add another step to Warren Buffett's long-dreaded fade into the sunset at Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB). At Berkshire's annual shareholder meeting last year, he announced plans to step down as CEO in 2026. Buffett explained, though, that he would stay on as Berkshire's board Chairman.
However, Buffett released a letter to Berkshire Hathaway shareholders last week that his son, Howard, will become the conglomerate's new Chairman. Buffett will hold the title of Chairman Emeritus but will remain on the board.
Details
The multibillionaire's letter was poignant in several ways. Perhaps the hardest-hitting was his four-word farewell, which explains both his exit and the secret behind his 6,099,294% return.
Source
Originally published at www.fool.com.