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Warren Buffett was incredible, after the announcement of Saturday’s annual announcement, the statement that Berkshire Hathaway planned to take a step like the CEO of the year, was the news for a close-up member of his family.
Neither family directors nor tens of thousands of shareholders gathered annually “Woodstock for capitalists” Native Omaha, it was a complex in the exact time.
They probably had to do. Omaha has been a long time in meetings, acerbic sidekick, Charlie MungerThe 99-year-old died in 2023. At the end in February letter to shareholders, Buffet Written: “In 94, before (Selected Heis) Greg Abel replace me as director.”
“Buffettologists”, like close observers, are closed in the sequence of at least a quarter and a concern. In 2003, Buffett, when Buffett was a 72-year-old striped, I wrote “Think about the life of shareholders’ after the gathering of Omaha in 2003. If the “losing the marbles” begins to go to his family to start it. “Probably this is all the curse,” he said.
The inevitability of the course did nothing to reduce shock. Buffett is compared to the last death of the Pope Francis among the most loyal auditions.
Buffett’s letter to shareholders appealed to SAM Uncles, “SAM Uncles”, who appealed to SAM Uncle, “SAM Employment” sent to Berkshire to the Treasury: “Never remember that we need to keep a stable currency required (emphasis) both wisdom and vigilance. ”
During the world of extraordinary geopolitical and economic changes in the world, shareholders were worried in 2003: Can everyone repeat the performance of Buffett? Berkshire’s main class “A” shares closed on a record on Friday, 20 percent of Buffett during the year, while in 1965, shares were worth less than $ 20.
It is always a specialist colleagues with its own unique counterpart, Buffett, Buffett’s success in a white, male and relatively good way, with the ability to have a suitable time for US capitalism. Likened the impact for a snowball – an excellent 2008 title of Alice Schroederin autobiography – This is “if you are in the kind of snow” …. It would be better to pick up the snow while walking.
However, this self-analysis, standing behind the public people, does not appreciate the cultural, perfection, attention and intellect. For example, when 2008 helps the investment bank in the financial crisis, we try to be afraid of greed and greed, according to the conditions that are very favorable from Berkshire, which stresses one of the most famous maximum.
So nice words As long as the financial markets exist, it is likely to be recycled, although we have read the end of the end Letters to shareholders This is the best and best written, the Buffettin remains a guide to the philosophy of life and investment.
To repeat philosophy, but there will be a wide problem. No matter what Greg Abel TalentsIn 2021, the liability of the United States entered the largest shoes in the investment history and the obligation to protect the same culture and ethos of the Board was already swept in the last quarter of the 20th century without crisis. Sometimes, they even struggled to find a big enough investment to move the needle for shareholders.
Again, variability has always created opportunities. In fact, Buffett has not lost their marbles, proves that the wide and growing, warhead $ 348 billion. He once said that on Saturday, Berkshire bombs with the victims we will delight our cash. ”
Because Buffett’s snowball rolls to a standstill, its heirs have sources to create a new one. Does OMAHA have opportunities, conditions and skills to direct like a sage?
