Warren Buffett, still full of folksy wisdom and with that ever-present red can of Coca-Cola close at hand, said Saturday he plans to step down later this year from his role leading Berkshire Hathaway, ending a run as an investor that was so stunningly successful for so long that it earned him the nickname Oracle of Omaha.
Buffett, 94, built Berkshire Hathaway from a struggling maker of suit linings in the 1960s into one of the world’s most formidable economic enterprises with a $1 trillion market cap — the first U.S. non-tech company to reach that milestone.
