Warren Buffett Announces Surprise Exit After 60 Years of Stellar Performance at Berkshire Hathaway

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2025-05-04 16:48:02

Warren Buffett’s Berkshire Hathaway has delivered a staggering 5.5 million percent return over six decades, eclipsing the S&P 500 by a factor of 140. A $10,000 investment in 1964 would now be worth $550 million—a testament to Buffett’s unparalleled investing acumen.

The revelation came during Berkshire’s annual meeting in Omaha, where the 94-year-old CEO dropped a bombshell: he plans to step down by year-end. Shareholders, including longtime neighbor Jim Ross, expressed shock at the announcement. "I’m stunned," said Ross, who lives four doors down from Buffett in Dundee–Happy Hollow.

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