Warren Buffett Just Released a Farewell Letter. It Contains the Most Devastating 4-Word Piece of Investment Advice I've Ever Heard.

Published September 21, 2026 · Category: Finance

Overview

I turned 50 years old last week: Living proof that age and maturity don't always go hand in hand.

I can think of only a few things that have stayed the same over those 50 years. I've had red hair the entire time. Washington's portrait is still on the dollar bill. And, for that entire half-century, Warren Buffett was Chairman of Berkshire Hathaway (NYSE: BRKB) (NYSE: BRKA).

Details

But on Friday -- the day after my birthday -- Buffett released a farewell letter, announcing he was stepping down from that position, effective immediately. I don't believe the two events are related.

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Source

Originally published at www.fool.com.

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