Warren Buffett will step down as CEO of Berkshire Hathaway at the end of 2025 — FT
In his farewell letter to shareholders, Buffett summarized and outlined key principles:
$350 billion in cash — Berkshire holds a record amount of cash in case of a market downturn.
A 15% drop is not a crisis. Investors should be prepared for volatility and not panic.
A serious collapse is expected in the next 20 years, but this, according to Buffett, will create the best investment opportunities.
The dollar is losing its reliability. He called fiscal irresponsibility a global threat and suggested looking for alternative currencies to preserve capital.
Investing is a redistribution from the impatient to the patient. Buffett once again emphasized the importance of discipline and a long-term approach.
Free trade is the foundation of prosperity. In his opinion, trade should unite countries rather than be a tool for conflict.
In conclusion, Buffett stated:
"The luckiest day of my life is being born in the USA. If I had the chance, I would trade for it even before birth.