Warren Buffett steps down as CEO of Berkshire Hathaway after 55 years — leaving behind a $1 trillion legacy.

Here are key takeaways from Berkshire’s 60th annual letter:

▪️ A 15% market dip isn’t a bear market. If that shook you — rethink your investing mindset

▪️ $350B in cash (30% of the portfolio) is reserved for real opportunities — at true market bottoms

▪️ A major crash will come in the next 20 years — that’s when serious investing matters

▪️ Paper money can lose value when fiscal foolishness prevails — and that’s a global reality today

▪️ Diversifying beyond USD may be wise

▪️ “Investing is the transfer of wealth from the impatient to the patient”

▪️ Global trade should be embraced, not weaponized — open markets create business stability

▪️ “The happiest day of my life was the day I was born in the U.S. If I were born today, I’d negotiate from the womb to make sure I’d end up there.”