It’s the end of an era.
The turn of the year marks the day Warren Buffett officially hands over the reins of CEO of Berkshire Hathaway (NYSE: BRK.A) to his successor, Greg Abel.
The Oracle of Omaha had led the company for 60 years, delivering a market value per share growth of 19.9% per year versus the S&P 500’s annual total return of 10.4% per year.
This difference may not look significant at first glance.
But stretch it over six decades and Buffett’s track record blows the index’s returns out of the water.
To put it into context, a single dollar invested in Berkshire Hathaway would have grown to well over US$5.6 million. In contrast, the same dollar invested in the S&P 500 would have turned into around US$40,000.
Buffett may be leaving the stage, but his wisdom lives on.
As the curtains come down, here are 10 of the greatest quotes from Buffett:...