Warren Buffett’s 60-year reign of Berkshire Hathaway is coming to an end. Photo by Daniel Zuchnik/WireImage

In an arena in Omaha, Neb., thousands of shareholders attending Berkshire Hathaway’s annual meeting rose to their feet and showered Warren Buffett in applause after the famed investor announced that he will retire at the end of this year. “The enthusiasm shown by that response could be interpreted in two ways,” joked Buffett, 94, after receiving the standing ovation.

Sign Up For Our Daily Newsletter

Thank you for signing up!

By clicking submit, you agree to our terms of service and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime.

In the hours and days following his announcement, there was an outpouring of tributes from Buffett’s peers and business leaders. Apple’s Tim Cook described his relationship with Buffett as a “great privilege,” while Bill Gates, a longtime friend of the Berkshire chief, dubbed him the most........

© Observer