In 1965, Warren Buffett took control of Berkshire Hathaway, a struggling textile company, and shifted its focus to insurance, using premium cash flows to invest in various businesses. Since then, Berkshire’s Class A shares have surged over 6,100,000%, significantly outperforming the S&P 500’s 46,000% return. Buffett plans to retire as CEO by the end of 2025, leaving behind a legacy of insights and a recent $184 billion warning about a potential stock market decline in 2026. His reputation for humility and integrity has solidified his status as a revered figure in finance.
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