Warren Buffett, 95, officially hands the reins of Berkshire Hathaway to successor Greg Abel, marking the end of an era. Buffett’s investing career included major acquisitions and wise words in annual letters to shareholders. Howard Buffett is set to succeed his father as Berkshire’s chairman, carrying on the company’s culture of simplicity and honesty.

Buffett’s teachings on value investing inspired generations of money managers on Wall Street. Nancy Tengler recalls managing a portfolio for Buffett, highlighting his kindness and learning from mistakes in the business. Keith Lerner emphasizes staying in your circle of competence, simplicity, compounding, and long-term thinking as key lessons from Buffett. His wisdom continues to shape how investors approach opportunities and risk.

Read more at Yahoo Finance: Wall Street reflects on Warren Buffett’s wisdom