Buffett

Warren Buffett hired Todd Combs in 2010 to help, and ultimately succeed, him and Charlie Munger in managing Berkshire Hathaway’s vast investment portfolio.But their handpicked heir to the stockpickers’ throne has quit to join JPMorgan. The announcement comes just as Buffett is preparing to step down as CEO after six…

Warren Buffett published his final letter to shareholders as Berkshire Hathaway CEO on Monday, as he prepares to step down before the new year. His followers reacted with a mixture of sadness, gratitude, and admiration.The legendary business leader and investor, 95, has transformed Berkshire from a failing textile mill into…

Warren Buffett is generally a pretty grateful guy, but there’s one thing in particular that he’s not thankful for: CEO pay ratio rules.The legendary investor took some time in his third annual Thanksgiving letter to Berkshire Hathaway shareholders on Monday to criticize rules that require public companies to compare their…

Warren Buffett plans to keep writing a yearly letter to Berkshire Hathaway shareholders — but it’ll be in November, not May.The famed investor, 95, who rocked the business world this spring by announcing he would step down as CEO at the end of this year, revealed he’s only “sort of”…