One of the most important aspects of investing like Buffett is to hold on to stocks for the long term. Legendary investor and Berkshire Hathaway CEO Warren Buffett announced recently that he'll step down from leading his company at the end of this year.

Famed investor Warren Buffett is donating $6 billion worth of his company's stock to five foundations, bringing the total he has given to them since 2006 to roughly $60 billion, based on their value when received.

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