Buffett, one of the world's most successful investors, announced earlier this month that he'd step down as CEO in December and hand over the reins to Greg Abel. Buffett will stay on as chairman.

Legendary investor Warren Buffett is a tough act to follow. But the “Oracle of Omaha” said his successor Greg Abel is ready for the challenge.

But in recent years Buffett observed just how much energy his appointed successor brought to each working day. And how his own days had slowed. The two men were operating at diffe

For Buffett, there's an extra layer of complexity because earnings get plowed back into Berkshire Hathaway ( BRK.A -1.59%) ( BRK.B -1.68%) and provide money for other parts of the business, increasing the total value of the company.

Despite hand-picking his successor in 2021, many had suspected Warren Buffett, 94, would continue running the conglomerate for the rest of his life.

Para comprender el éxito de Warren Buffett durante sus seis décadas al frente de Berkshire Hathaway Inc., basta con considerar lo siguiente: ni siquiera su fortuna de US$167.000 millones refleja toda su riqueza e influencia.

Even though Warren Buffett hasn't made any specific mention of the Shiller P/E, or any valuation index for that matter, his actions -- i.e., 10 consecutive quarters of net-selling activity and Berkshire's record cash pile -- make crystal clear that stock valuations aren't attractive.

Warren Buffett has uttered lots of words of wisdom, but they're more than just sound bytes. Since Buffett took over Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) in 1965, it has returned an average annualized rate of 19.