Legendary investor Warren Buffett, with a net worth of $147.5 billion, has retired as CEO of Berkshire Hathaway at 95. Vice-chair Greg Abel took over, but Buffett remains chairman. Despite the change, Buffett is confident in Berkshire Hathaway’s legacy, citing its long-term potential.

Buffett’s investment philosophy is simple: buy and hold. He advises being prepared for stocks to drop significantly and encourages investing in personal development. Market volatility doesn’t faze him, having experienced economic challenges throughout history.

Buffett recommends investing in knowledge and self-improvement as a valuable asset. Platforms like Acorns help individuals save spare change by rounding up purchases to invest automatically. Even small investments can make a difference over time, aligning with Buffett’s philosophy of long-term growth.

Real estate and gold are strong investment options for Buffett, providing stability and hedging against inflation. Companies like First National Realty Partners and Arrived offer accessible real estate investment opportunities. Gold IRAs, like those offered by Thor Metals, provide tax advantages and protection against market volatility.

Read more at Yahoo Finance: Warren Buffett says this is the best investment for building long-term wealth