What’s Next for Major Homebuilder Berkshire Hathaway as Warren Buffett Retires From Board

After more than 60 years at the helm, Berkshire Hathaway chair Warren Buffett has stepped down from the company's board, marking the end of an era for a company that has billions in real estate holdings and owns major homebuilder Taylor Morrison.Buffett, 96, is handing the board's reins over to his 71-year-old son Howard, who has been at the company for the past 30 years.In his final letter to shareholders as board chair Friday morning, Buffett said he would remain a shareholder even as he stepped away from the daily operations of the organization."Serving as your Chairman has been the privilege of a lifetime, and I have never takenyour trust for granted," he wrote. "Father Time always wins. He has, however, been generous with me. Hehas given me the opportunity to see Berkshire reach a point where I am more confident than everabout what lies ahead. The company is in excellent hands, and I look forward to remaining ashareholder alongside you."Buffett had begun stepping away from his Berkshire duties late last year. In January, Greg Abel took over as CEO. A longtime disciple of Buffett's long-term hold strategy, Abel has pushed further investment in the residential real estate market...