It’s a day for remembering legends. In Australia, we visit the 50th anniversary of the controversial dismissal of prime minister Gough Whitlam. But for the rest of the western world, history was being made by the “Oracle of Omaha” Warren Buffett as he penned his last letter as chief executive of Berkshire Hathaway.

Described as the modern-day father of business, it is the end of an era for the man who has built a personal fortune of around $US150 billion ($229.6 billion).

And Buffett hanging up his spurs has had greater historical poignancy as he signed off lamenting the curse of executive greed. So, he’s going quiet but not without making a bang.

Sign of the times: Billionaire investor Warren Buffett addressing Berkshire Hathaway shareholders in an online meeting.Credit: Bloomberg

For generations of investors, the now 95-year-old Buffett has provided the sage homespun folksy words in his annual message to shareholders. His company Berkshire Hathaway is a rare beast – a company worth more than $US1 trillion but miles away from the modern and rapidly growing tech giants that........

© The Sydney Morning Herald