OMAHA, Neb. — On Jan. 1, Warren Buffett starts his second retirement.
The first was in 1956, when he returned to Omaha from a year and a half in New York City working for his investment mentor, Benjamin Graham. Buffett planned to quietly earn his fortune using Graham’s investment lessons and his own nerdy ability to spot “cigar butt” companies that had more value than anyone else realized, yielding a few guaranteed “puffs” of profit.