Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, is set to retire at the end of the year, although he will continue as chairman of the board. Known for his belief in concentrated investing, Buffett’s strategy has led to Berkshire achieving a 19.9% annual compound gain since 1965, significantly outperforming the S&P 500.
Explain It To Me Like I’m 5: Warren Buffett, a very smart man who has made a lot of money by picking just a few companies to invest in, is going to stop being the boss of his company, Berkshire Hathaway, but will still help out as the chairman.
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