Is it the end of an era for Berkshire Hathaway's (BRK.A -0.47%) (BRK.B -0.47%) reliable long-term market-beating performance? Could be. Warren Buffett -- who largely made the conglomerate what it is today since taking the helm back in 1965 -- will be stepping down as chief executive at the end of this year.
Warren Buffett's investing career is one of legend. The Oracle of Omaha took over what was a struggling textile company 60 years ago and turned it into a mammoth conglomerate with a market capitalization of more than $1 trillion -- making it one of less than a dozen companies that have reached that milestone.
Warren Buffett loves dividends. Don't be fooled by the fact that he has never wanted Berkshire Hathaway (BRK.A -0.63%) (BRK.B -0.59%) to pay a dividend.
Since 1965, Berkshire Hathaway (BRK-A, BRK-B) under Buffett has delivered over 4 million percent cumulative returns, compounding at 19.8% annually versus 10.2% for the S&P 500. Buffett has invested in hundreds of stocks over 60 years, with Apple once comprising about 50% of the portfolio.
Some railroad crossings have gates that block drivers from going through when a train is approaching. Others have flashing lights to alert drivers that a train is coming.
Assessing the profitability of Berkshire's new UnitedHealth stake, Kraft Heinz falls as overhang looms, Buffett drops four notches on Forbes 400 ranking.
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