Warren Buffett started building wealth early, using compounding strategies like pinball machine profits and newspaper deliveries, saving $20,000 by age 21. Now worth $141 billion, he plans to donate his fortune to charity, while his successor, Greg Abel, prepares to take over Berkshire Hathaway. Buffett and Abel have been selling stocks and accumulating cash, signaling concerns about a potential market downturn. Experts like Jeremy Grantham and Jamie Dimon warn of a looming recession, citing high debt levels and interest rates. Despite this, Buffett remains patient, holding cash to seize opportunities during financial turbulence, while market liquidity trends suggest asset prices could still rise.