Three important insights from the Berkshire Hathaway Annual Meeting on May 3, 2025:
First, always maintain ample patience, waiting for opportunities to arise, and once they do, act decisively.
Second, always keep a positive and optimistic mindset; as long as you are healthy, you are fortunate at this moment.
Third, finding like-minded individuals to work and live with is extremely important and rare, and it is also one of the factors for longevity.
Let’s take a look at the changes in Warren Buffett’s major holdings over the past 30 years.
Berkshire started purchasing Apple stock under certain conditions, with Buffett listing three stringent criteria:
• An expected price-to-earnings ratio of no more than 15 times over the next 12 months;
• A 90% confidence that profits will grow over the next five years;
• At least a 50% confidence that profits will grow by more than 7% each year for the next five years.
After such filtering, Apple became the “destined” stock.
From an initial investment of $1 billion to a current return of $75 billion, Apple has truly become Berkshire's “anchor of stability.”
This year, with Warren Buffett's retirement, the myth of 20% annual investment returns has also entered legend.
