Warren Buffett officially steps down as CEO of Berkshire Hathaway — he will be replaced by Greg Abel at the end of 2025. Over 60 years, Buffett has transformed the company into a giant worth over $1 trillion. In his anniversary report, he left a number of key points:
— A 15% drop is not yet a bear market. If this scares you, reconsider your strategy.
— $350 billion in cash — for buying at the bottom.
— A crash is guaranteed in the next 20 years — investing should happen then.
— Paper money will lose value if fiscal irresponsibility continues — this is a global problem now.
— It's worth considering investments in currencies other than the dollar.
— Investing is a way to transfer money from the impatient to the patient.
— Trade should be a bridge, not a weapon. Business needs open markets.
— "The happiest day of my life was the day I was born in the USA. If I were born today, I would trade in the womb until I was guaranteed to be in the USA."
