Warren Buffett steps down as CEO of Berkshire Hathaway after 55 years of leadership — he has led the company to a trillion-dollar market capitalization

Here are the main points from Berkshire's 60th anniversary annual report:

▪️The recent 15% drop is not yet a bear market. If it worried you, you should reconsider your investment philosophy;

▪️$350 billion (30% of the portfolio) is needed to buy when good opportunities arise (at the market bottom);

▪️A crash is bound to happen in the next 20 years, and that is when you should invest seriously;

▪️Paper money can lose its value if fiscal foolishness prevails. Unfortunately, this situation is currently observed worldwide;

▪️It may also be worth holding other currencies besides the dollar;

▪️Investing is a method of transferring money from the impatient to the patient;

▪️We must strive to trade with the rest of the world — trade should not be a weapon. Business needs stability and open markets;

▪️The happiest day of my life is the day I was born in the USA. If I were born today, I would be trading in the womb until I was guaranteed that I would be in the USA.