The investment legacy of Warren Buffett
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Warren Buffett’s legacy is best encapsulated by his famous quote: “Be fearful when others are greedy and be greedy only when others are fearful.”
PHOTO: REUTERS
Michael J. De La Merced
Legendary investor Warren Buffett, 96, has retired from Berkshire Hathaway, but will remain on as its chair emeritus after his older son, Howard, 71, became the chairman under the company’s succession plan.
“Serving as your chairman has been the privilege of a lifetime, and I have never taken your trust for granted,” Buffett wrote in a letter to Berkshire shareholders.