A legend retires: Berkshire Hathaway will continue to be closely followed

Mr Buffett started investing as a schoolboy with the earnings from delivering newspapers. He learnt the theoretical structure of valuation at Columbia Business School in the 1950s

Mega investor Warren Buffett’s impending retirement will mark the end of an era. For six decades, the “Oracle of Omaha” has consistently beaten the market. Between 1965 and now, his company Berkshire Hathaway has returned around 20 per cent compounded. That is roughly double the return from major indices like the Dow Jones Industrial Average and the S&P 500 over the same period. At 94, the chief executive officer (CEO) and largest shareholder of Berkshire Hathaway shows no signs of intellectual decline. However, the death of his friend and long-time partner Charlie Munger (1924-2023) may have played a part in