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Warren Buffett has stepped down after more than six decades at the helm of Berkshire Hathaway, the conglomerate he built from a struggling textile mill starting in 1965 into a global investment powerhouse. Buffett reflected on the transition, noting that 'Father Time always wins.' His departure marks the end of an era in American business and investing, prompting reflection on his legacy and the future direction of Berkshire Hathaway under new leadership.