Warren Buffett's road to investing glory

Berkshire Hathaway said Warren Buffett, its former CEO and a leading figure behind the conglomerate’s growth, is stepping down as chairman. Buffett, 96, will take on the title of chairman emeritus, which is described as honorary and typically carries no day-to-day decision-making authority. He will remain on the board and provide his judgment and perspective. The Reuters timeline outlines key milestones: taking over Berkshire in 1965 from a struggling textile business; expanding through National Indemnity in 1967; major bets including Coca-Cola from 1988 and Gillette in the late 1980s; stepping in during Salomon Brothers’ 1991 crisis; building insurance dominance with GEICO and General Re; utilities via MidAmerican; and large financial- and industrial moves such as Goldman Sachs, Bank of America, Burlington Northern Santa Fe, and Apple.