Key Points Earlier this month, Buffett announced he's stepping down as chairman of Berkshire Hathaway. His farewell letter offered some wise words that every investor should know. These 10 stocks could mint the next wave of millionaires › After spending more than half a century as chairman of Berkshire Hathaway , Warren Buffett announced this month that he would be stepping down and handing the reins over to his son, Howard Buffett. In a letter to shareholders announcing the transition, Buffett emphasized that he has full faith in CEO Greg Abel and will continue to serve as a director. But he also offered one nugget of wisdom that, while sobering, reflects the philosophy that made Buffett one of the most successful investors in history.
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