"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.

Buffett, 94, has led the firm for six decades, using a wide range of investments and acquisitions to build a trillion-dollar enterprise.

Warren E. Buffett’s approach to investing is deceptively simple. “Forget what you know about buying fair businesses at wonderful prices; instead, buy wonderful businesses at fair prices,” he once wrote to shareholders of Berkshire Hathaway, his business conglomerate.

Warren Buffett said Saturday at Berkshire Hathaway’s annual shareholder meeting that he would step down as CEO at the end of the year, handing the reins to his chosen successor, Greg Abel.

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

Warren Buffett took the stage for the 60th time at Berkshire Hathaway's annual meeting on Saturday, with investors and analysts keen to hear the legendary investor's views as U.S. President Donald Trump's tariff policies cause uncertainty for business and the economy.