He described his Edmonton neighborhood in Alberta, Canada, as working-class and family-oriented. He lives in Iowa with his family.

Words you can use to create your own success. On May 3, Warren Buffett announced he will retire at the end of the year from Berkshire Hathaway. His investment principles are well known. Focus on long-term value,

I caught up with 20 Berkshire shareholders at a bar, picnic, run, and brunch in Omaha, Nebraska. Some were devastated, while others had high hopes.

Buffett, one of the world’s richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when it was a textiles manufacturer. He turned the company into a conglomerate by finding other businesses and stocks to buy that were selling for less than they were worth.

Last weekend, the company hosted its annual shareholder meeting in Omaha, Nebraska. The event reportedly drew about 20,000 people. As usual, CEO Warren Buffett shared many illuminating insights about the stock market and broader economy. But the most surprising announcement was undoubtedly that he plans to step down later this year.