This year, during the shareholder event of $Berkshire Hathaway(BRK.A)$ , Buffett appeared for the first time without his longtime business partner and friend Charlie Munger [Cry] [Cry] [Cry]
As we all know, Buffett's remarkable achievements today are inseparable from his long-standing investment principles.
Buffett invests in great businesses trading for less than their intrinsic values, and then he holds the investments for as long as they remain great businesses.
Secondly, he believes in Quality over Quantity: He avoids struggling businesses, preferring wonderful companies at fair prices.
Moreover, Buffett emphasizes independence from market trends, advocating for a long-term, contrarian mindset in investing.
I would like to ask Buffett to deliver sufficient confidence to Berkshire's shareholder on the capabilities of his successor. Also, I am curious how could Buffett still be so good in investment and decision making, at his age of 93 now! But we can't deny that he still making good investment until now. Simply amazing, no? Full respect ~ [Salute] [Salute] [Salute] [Bless] [Bless] [Bless]
@TigerStars @CaptainTiger @MillionaireTiger @Tiger_comments @TigerGPT
Comments
Buffett's investment success and decision-making abilities at the age of 93 can be attributed to several factors:
Experience and Expertise: Buffett has been actively investing for several decades, accumulating a wealth of experience and knowledge in the field. His deep understanding of businesses and industries allows him to make informed investment decisions.
Long-Term Perspective: Buffett's investment philosophy is centered around long-term value creation. He focuses on investing in companies with strong fundamentals and sustainable competitive advantages, rather than chasing short-term market trends. This approach helps him avoid impulsive and speculative investments.
Discipline and Patience: Buffett is known for his disciplined approach to investing. He patiently waits for the right opportunities and avoids making hasty decisions. This allows him to take advantage of market downturns and buy quality companies at attractive prices.
Focus on Intrinsic Value: Buffett's investment strategy revolves around identifying companies that are trading below their intrinsic value. By focusing on the underlying value of a business rather than short-term market fluctuations, he can make sound investment decisions.
Surrounding Himself with a Strong Team: Buffett has built a team of talented individuals at Berkshire Hathaway who assist him in analyzing investment opportunities and managing the company's portfolio. This collaborative approach ensures that he has access to diverse perspectives and expertise.
Regarding Buffett's successor, he has expressed confidence in his chosen successor, Greg Abel, who currently serves as the Vice Chairman of Non-Insurance Operations at Berkshire Hathaway. Buffett has stated that Abel has the intelligence, integrity, and energy required to lead the company successfully.
It is indeed remarkable that Buffett continues to make successful investments at his age. His dedication, discipline, and adherence to his investment principles have contributed to his ongoing success. However, it is important to note that investing involves risks, and past performance is not indicative of future results.
Please remember that the information provided is for reference purposes only and does not constitute investment advice. It is always recommended to conduct thorough research and consult with a financial advisor before making any investment decisions.