Warren Buffett Just Stepped Down After More Than 60 Years Leading Berkshire — and His Biggest Warning for Investors Has Never Been More Timely

Key Points Buffett has consistently warned through the years about the dangers of gambling rather than investing. Several data points indicate that investors have gambling fever in 2026. Buffett's farewell letter provided a solution to the problem he has warned about. These 10 stocks could mint the next wave of millionaires › Gen. Douglas MacArthur stated in his 1951 farewell address to the U.S. Congress, "Old soldiers never die, they just fade away." That quote came to mind with a recent farewell of sorts. Warren Buffett released a letter to Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) shareholders last week, informing them that he is stepping down as the company's chairman. This marked the second stage of Buffett's fading away from Berkshire.