Greg Abel has the experience and credentials to excel as Berkshire Hathaway's CEO, but replacing Buffett is a poisoned chalice.

Cola at the right moment to sitting out on tech stocks for decades, Buffett’s investment record reflects a mix of long-term successes and occasional missteps.

Well, we finally got the news everyone was kind of half-expecting (and half-hoping wouldn’t be true for a long time to come). Berkshire Hathaway (NYSE:BRK-B) CEO Warren Buffett is 95 years old, and has determined that now is indeed the time to step away from the investing game – a game he’s played his entire life.

Warren Buffett recommends a recent documentary on his longtime friend, the former publisher of The Washington Post, Katharine Graham.

Buffett is known for his long-term investment philosophies and willingness to hold winning stocks, even if they become significant portions of his portfolio. Just four winning stocks make up 57% of Berkshire Hathaway's $277 billion stock portfolio. Here they are, and why they are still excellent buy-and-hold candidates for any long-term investor.

He has arguably the toughest act in Corporate America—following Warren Buffett. But now that Greg Abel officially has a timetable to take over Berkshire Hathaway by year-end, the question is: How will he run it?

Warren Buffett carefully prepared for years to retire as Berkshire Hathaway CEO without causing waves, but he still made the announcement a dramatic surprise.

And now, one large chocolate and candy shop is closing down after 30 years in business. See's Candies, which is owned by Warren Buffett's Berkshire Hathaway, is shuttering its Sunnyvale, Calif., location on May 11.