Warren Buffett announced on Friday that he is stepping down as Executive Chairman of Berkshire Hathaway (NYSE:BRKA)(NYSE:BRKB), effective immediately. Buffett had already passed the CEO torch to Greg Abel at the end of last year, but had remained active through the chairman role, playing a major role in Berkshire's investment decisions this year. He is now chairman emeritus, with his son, Howard Buffett, stepping into the role of chairman in a long-planned succession. Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.
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