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Warren Buffett steps down after six decades at Berkshire - 'Father Time always wins'
Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
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Since taking control in 1965, Buffett grew a struggling textile mill into a global conglomerate.
Buffett's son Howard will replace him as chairman, as dictated by a long-standing succession plan, Berkshire said.