Happy Birthday, Mr. Buffett

Legendary investor Warren Buffett turned 94 on Friday. As if commemorating the occasion, Buffet’s sprawling conglomerate Berkshire Hathaway became the first nontechnology company to hit a $1 trillion market capitalization on Wednesday. Meanwhile, Buffett last week sold 21.1 million shares of Bank of America, adding $6 billion to Berkshire’s cash pile.