Buffett Bites into McDonald's on Bad Market Days

Warren Buffett has stepped down as chairman of Berkshire Hathaway after more than six decades at the helm of the conglomerate. The company announced on September 18 that he will remain a member of the board and become chairman emeritus, a position previously held by his predecessor.

Buffett's son, Howard G. Buffett, has taken over as the new chairman of Berkshire Hathaway in line with the company's succession plan. The change in leadership comes at a time when investors are closely watching the conglomerate for any signs of instability or changes in its strategy.

While his investment philosophy has been studied by many, some interesting insights into Buffett's personality have come from his everyday routine. One such story reveals that even he followed an unusual rule on bad market days - eating breakfast at McDonald's and only when the S&P 500 index opened up.