Influential billionaire investor Warren Buffett said Saturday he would retire from leading his Berkshire Hathaway business group by the end of the year and that he would recommend his chosen successor, Greg Abel, take over.
Buffett's success, coupled with his ability to explain his thinking in clear soundbites, has made him highly influential in the business and financial communities, earning him the nickname "The Oracle of Omaha."
Buffett indicated several years ago 62-year-old Abel would be his pick for successor.
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