New Delhi, May 4 -- Warren Buffett announced on Saturday that he will step down as CEO of Berkshire Hathaway at the end of 2025. The announcement came as a shock to many, especially as the Oracle of Omaha had previously announced that he had no intention of retiring.

Shortly after Buffet's retirement announcement, Perplexity AI broke down the top investments that helped the 94-year-old become one of the most respected investors of all time.

Buffett began investing in GEICO at the age of 21 after visiting the company's headquarters and being impressed by its direct-to-consumer model, which cut out the middleman. In 1976, Buffett made a second round of investment, buying around 1 million shares at a price of just $2. Buffett continued to ...