Warren Buffett retires tomorrow and Berkshire Hathaway enters a new era
Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett later this week.
Many regard Buffett as the world’s greatest investor after he grew Berkshire from a struggling New England textile mill that he starting buying up for $7.60 a share in 1962, to the massive conglomerate it is today with shares that go for more than $750,000 a pop. Buffett’s personal fortune of Berkshire stock is worth roughly $150 billion even after giving more than $60 billion away over the past 20 years.
