Omaha's Oracle gives his last words of wisdom.

At the age of 94, investment idol Warren Buffett was surprised by investors and announced at the last minute of Berkshire Hathaway's 60th annual meeting on Saturday that he would resign as CEO by the end of the year. He will continue to serve as the company’s chairman, but Vice Chairman Greg Abel will take over the CEO position starting January 1, 2026.

Buffett took over Berkshire in 1965, adopting a value-added investment approach. Value investing involves focusing on identifying and buying stocks below their intrinsic or fair value. Later, he began various business and investment partnerships.

According to the company's annual report, the company's per capita value has aggravated at a rate of 19.9%, almost the average annual average annual earnings of the average S&P 500, resulting in shareholders receiving 5,502,284% in 2024. By comparison, the return rate of 39,054% over the same period compared to the dividend.

If you invested $10,000 in Berkshire Hathaway in 1965, your investment is worth about $1 billion.

Berkshire Hathaway is now the seventh largest company in the S&P 500, with a market cap of about $1.1 trillion.

Berkshire Hathaway's stock has also continued to outperform. They rose more than 13%, surpassing the S&P 500 and down 4%.

Some of his most profitable shares include Coca-Cola and Apple. Berkshire bought shares in Coca-Cola 40 years ago and continued to hold shares in the beverage giant.

"When we have outstanding business with excellent management periods, our favorite holding period is forever," he wrote in an annual letter to shareholders that year.

He bought Apple in 2016, but drastically reduced his stake in the iPhone maker in 2024. He is a reluctant tech stock buyer, but he has reportedly seen a portion of Apple's customer holders suffer. It turns out that this is one of his best investments.

"I'm somewhat embarrassed to say (Apple CEO) Tim Cook makes Berkshire's money more than I used to make," Buffett said at Berkshire's annual meeting on Saturday.

Grandmaster also famously discussed his secretary’s tax rate at 35.8% income while he paid a tax rate of 17.4% to emphasize the unfairness of the tax system.

Buffett has long advocated tax reform and believes that the rich should pay a fair share. He said the tax system unfairly benefits the rich, but does not blame individuals for complying with the law, but for the U.S. Congress.