Warren Buffett has officially announced his retirement. The 95-year-old legendary investor will step down as CEO of Berkshire Hathaway at the end of 2025, ending a management career spanning over 60 years. His successor will be Greg Abel, the current Vice Chairman of Non-Insurance Business, but Buffett will continue to participate in company affairs as Chairman of the Board and retain a "significant amount" of shares—this detail is very important.

Numbers speak for themselves. Over the past sixty years, what achievements has Berkshire Hathaway under Buffett's leadership created? From 1965 to 2024, the company's cumulative returns reached 55,022 times, with an annualized return of 19.9%. Compared to the S&P 500's 390 times cumulative return and 10.2% annualized return during the same period, the difference is obvious.

On a personal wealth level, this investor's net worth has reached $151 billion, which is not just a string of digits—it's a reflection of wealth accumulation and market judgment over multiple generations. From a market value of only a few million dollars when he took over in 1965, to becoming one of the most influential investment holding companies in the world today, this journey itself is a textbook example of long-term compound growth.

Interestingly, Buffett's retirement is not a complete exit. Retaining the chairman position and a large number of shares indicates he still has a say in the company's future direction. For Berkshire Hathaway investors and market observers, this transition period will be a highlight—how the new leadership team will inherit and develop this 60-year-validated investment philosophy.