Key Points Warren Buffett has stepped down as Chairman of Berkshire Hathaway and will be succeeded by his son, Howard. He has given investors a number of time-tested strategies that prove anyone can make money in the market. Whether you buy individual stocks or passive index funds, holding for the long run always wins out. 10 stocks we like better than S&P 500 Index › Warren Buffett just published his farewell letter to Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) investors as the Oracle of Omaha steps down as Chairman and becomes Chairman Emeritus. Near the end of his letter, the 96-year-old wrote a sobering line: "Father Time always wins." Buffett added, "He has, however, been generous with me." That generosity shows up in Berkshire's track record.
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