From a New York Times, I'm Michael Bobarrow. This is the Daily.

A few days ago, the most successful investor in history, Warren Buffett, said he would retire as CEO of Berkshire Hathaway, the conglomerate

that he built into a $1 trillion colossus.

Today, my colleague Andrew Ross Sorkin on his front row view of the man who both personified

and critiqued American capitalism.

It's Wednesday, May 7th.

Okay, shall we?

I'm going to be old and put my glasses.

Mine were already on. I guess I'm old.

Okay.

Andrew, thank you for being here.

Thanks for having me.

You were actually in the room when Warren Buffett broke the news to the world

that he was going to be retiring.

Can you set that scene for us?

It was a remarkable moment, really just the end of an era in the world of capitalism,

but let me just take a full step back, if I could, to explain.

Everyone will please take their seats.

We're at the annual meeting of Berkshire Hathaway, which is really known as Woodstock

for capitalists.

Tremendous phrase.

This is my 60th annual meeting.

...