It's his job to be strategic about buying and selling, but Buffett also said he can understand an investor who will make a few good investments and hold on to them forever. That could be the right decision for many investors who don't have Buffett's day job.

Warren Buffett made headlines recently when he announced he will step down from his role as Chair of the Board of Berkshire Hathaway. The legendary investor is well known for bringing his

Coca-Cola galore, ice cream for breakfast, steak, and no vegetables. Here's what it's like to diet like Warren Buffett.