Morning Brew Daily Warren Buffett Plans His Retirement & Welcome to SpaceX City?
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May 5, 2025 Warren Buffett's retirement plan creates waves in the business world, with speculations on his successor. Meanwhile, SpaceX's Starbase gains official approval, marking a new era for the rocket-building hub. Marvel faces challenges with box office flops, prompting a major overhaul. The stock market shows resilience, while innovative research on anti-venoms promises to change snake bite treatments. Lastly, major upcoming events include Federal Reserve decisions and the buzz surrounding the Met Gala.
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Buffett's Retirement Surprise
- Warren Buffett surprised many by announcing his retirement at 94 during Berkshire Hathaway's annual meeting.
- He received a standing ovation, reflecting his legendary investing career and impact on capitalism.
Buffett's Compound Investment Power
- Buffett transformed Berkshire Hathaway into a $1.1 trillion conglomerate with a 5.5 million percent return since 1964.
- His investing success proves the immense power of compound interest over decades.
Apple Outperformed Buffett's Picks
- Buffett admitted Tim Cook and Apple made more money for Berkshire than he ever did.
- Berkshire's $31 billion Apple stake grew to $174 billion before Buffett began selling shares.