Abel has been Buffett's designated successor for years, and he already manages all of Berkshire's noninsurance businesses.

"Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund," Buffett wrote in 2013.

Tesla (NASDAQ: TSLA), for example, has gotten into the insurance business through Tesla Real-Time Insurance, which measures a ...

"There’s just so much more opportunity, at least in the United States, that presents itself in the security market than in ...

Despite the negative GDP results, the US economy is not in a recession. Earnings season has been strong, and Warren Buffett ...

Woodstock for Capitalists” was held on Saturday. Most notably, Buffett announced his intention to step down from his CEO role ...

Berkshire Hathaway shareholders mourning the departure of legendary investor Warren Buffett anticipate the conglomerate he ...

He has given much of his vast fortune to charity and plans to unload the most of the rest during his lifetime or upon his death. Buffett also largely lives a modest lifestyle by billionaire standards; ...

Mr. Buffett, 94, was crowned the “Oracle of Omaha” because of smart investments he made as the chief executive of Berkshire ...

Buffett, one of the world's richest people and most accomplished investors, took control of Berkshire Hathaway in 1965 when ...

The veteran investor has built a company with a $1+ trillion valuation and an enviable portfolio of businesses and other ...

Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at ...