Warren Buffett Steps Down as Berkshire Hathaway CEO

Warren Buffett stepped down as the CEO of Berkshire Hathaway at the end of 2025. Over his 61-year leadership, the investment conglomerate achieved a cumulative gain of 6,099,294%, compounding at an annual rate of 19.7%.

This performance significantly outperformed the S&P 500 index, which grew 46,000% during the same period. Buffett built this success through a strategy of purchasing well-run businesses at attractive prices and holding them for the long term, as seen with his investments in Coca-Cola and American Express.

Throughout his career, Buffett emphasized that emotional temperament and selectivity are more critical to investment success than raw intelligence.