Warren Buffett, 96, has stepped down as chairman of Berkshire Hathaway. His son, Howard Buffett, is taking over.
>Be Warren Buffett
>Buy your first stock at 11
>Get rejected by Harvard Business School
>Keep learning anyway
>Buy a house for $31,500 in 1958.
>Take over Berkshire Hathaway, a struggling fabric manufacturer, in 1965
>Start building a very different business under the same name.
>Be worth $34 million at 45
>Become a billionaire at 55
>Already 44 years into investing
>Keep going
>Cross $100 billion at 90
>Build Berkshire into a $1.1 trillion company.
>Deliver 19.7% annualized stock returns from 1965 through 2025
>The S&P 500 delivers 10.5%, including dividends
>A record spanning six decades.
>Become one of the greatest investors of all time
>Give away more than $70 billion
>Still be worth roughly $145 billion
>Still live in the house you bought in 1958
>Promise to give away more than 99% of your wealth.
>Step down as chairman at 96
>Remain on the board
>Still not quite done.
@Petroo_mm I think a rate hike is possible, but it wouldn’t be some end-of-the-world hike.
It likely wouldn’t be good for markets, especially given expectations of rate cuts.
That narrative isn’t playing out right now.
Not certain, though. We’ll find out on September 16.
@Petroo_mm I think a rate hike is possible, but it wouldn’t be some end-of-the-world hike.
It likely wouldn’t be good for markets, especially given expectations of rate cuts.
That narrative isn’t playing out right now.
Not certain, though. We’ll find out on September 16.
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