Pmmrd / Shutterstock.com Quick Read Berkshire Hathaway (BRK-A, BRK-B) CEO Warren Buffett steps down tomorrow after six decades. Berkshire holds a record $382B cash pile mostly in Treasury bills. Berkshire has been a net seller of stocks for 12 consecutive quarters including major reductions in Apple holdings. The S&P 500 trades at 31.3x trailing P/E. Valuations above 23x forward P/E have historically produced near-zero 10-year returns. A recent study identified one single habit that doubled America ...