Berkshire Hathaway 2025 Shareholders Meeting Quotes
About Resigning as CEO
Buffett will resign as CEO of Berkshire Hathaway at the end of the year. Abel is expected to take over as CEO by the end of the year. Buffett stated that he has no intention of selling any shares of Berkshire, but will gradually donate them.
About Trade
In the U.S., we should seek to trade with other countries around the world, we should do what we do best... Trade should not be used as a weapon.
About Cash Reserves
Our cash holdings are indeed quite high, but good opportunities do not arise every day. Incorrect or improper investments can harm the interests of investors. Berkshire is expected to encounter opportunities in the next five years.
About Investing in Japan
Investing in Japan fully aligns with Berkshire's strategy. The company plans to hold investments in the five major trading companies for 50 years or longer, and Berkshire has no intention of selling these stocks.
About the U.S. Economic Outlook
I am not discouraged by the current situation in the U.S. The fiscal policy is my biggest concern, but it is not unique to the U.S.
About U.S. Stock Market Volatility
Compared to historical crashes, the declines over the past few days are not significant. Short-term fluctuations in the stock market are normal. Investors should change their investment mindset and adapt to this world, rather than expecting the world to adapt to them.
About Stock Buybacks
So far this year, we have not conducted any stock buybacks. Our company's buyback mechanism is rather conservative. Occasionally, we have had some opportunities to buy back, but the federal government charges us a very high rate on what we have to pay.
About AI
We will not base all investments around AI. If given a choice, I would invest in the reinsurance industry.
About Timing of Investments
Patience is important, but when an excellent opportunity arises, one must act quickly. You must patiently wait for that rare call opportunity; for reasonable deals, there should be no hesitation in acting. For those who always talk but never take action, it is even more important not to waste time.
Advice for Young Investors
Who you associate with is extremely important. You should spend time with people who are better than you, and ultimately, you will develop in the direction of the people you associate with.