Here's your Forbes Daily Briefing for Wednesday, September 3rd. Today on Forbes, happy birthday

Warren Buffett. He's 95 and one of 36 American billionaires over 90. Warren Buffett took a seat

on stage at Berkshire Hathaway's annual meeting for the 60th and likely final time in May.

He wore a red tie that matched the two cans of Coca-Cola in front of him, one cherry and

one regular. Buffett has joked that his longevity is tied to his diet of McDonald's,

Coke, and Dairy Queen, all companies in which Berkshire has invested.

While his voice was raspy and he hunched over a bit, the Oracle of Omaha was as sharp and unfazed as ever, answering a question about recent market turmoil.

In front of a crowd of some 40,000, he said, quote,

What happened in the last 100 days is really nothing. The day I was born,

the Dow Jones was at 240. That was August 30, 1930. Between that and the low, it went from 240 to 41.

He went on to say that if people worried about whether their stocks went down 15%, they needed

a, quote, different investment philosophy.

Then, at the very end of the four-plus hour-long meeting, he dropped a bomb. Buffett announced

that he'd retire as Berkshire's CEO at the end of the year, nearly six decades to the day

from when he took control of a small, struggling textile

company called Berkshire Hathaway. The announcement came as a surprise to even his key lieutenant,

Greg Abel, who was named Buffett's successor in 2021, but didn't know about his imminent plans.

The fact that someone as rich and successful as Buffett, he's been on the Forbes 400 list of

richest Americans every year since the first list in 1982, and is still the 10th richest

person on the planet, despite having given away more than $64 billion, chose to work for

decades after the average American's retirement age might strike some as crazy.

But there are plenty of other octogenarian and non-agenarian billionaires, who, like Buffett,

...