Warren Buffett Steps Down as Berkshire CEO, Leaves $1 Trillion Legacy

• Legendary investor Warren Buffett is retiring as CEO of Berkshire Hathaway after nearly six decades.
• He transformed the company from a struggling textile mill into a $1 trillion conglomerate.
• Buffett, 95, will remain Berkshire's largest shareholder and involved in the company, with Greg Abel taking over as CEO.
• His long-term investment philosophy and annual shareholder letters have profoundly influenced Wall Street.
• The "Buffett Indicator" is at a record high (221%), signaling potential weak future market returns due to elevated valuations.

Why It Matters: Buffett's retirement marks the end of an era, leaving a $1 trillion legacy and a cautionary market indicator.