Warren Buffett, the man who needs no introduction, recently spilled the beans on how at 92 years old, he has bigger fish to fry than worrying about his company Berkshire Hathaway. “I worry about the nuclear threat. I worry about a pandemic in the future, all kinds of [things],” Buffett said. Basically, he has enough problems without having to worry about his multimillion-dollar company. Talk about priorities, huh?
Since 1965, Buffett has been steering the reins at Berkshire Hathaway, which has a market capitalization above $707 billion, making it one of the largest companies in the world! The portfolio is nothing to sniff at, including companies such as Geico, Dairy Queen, and Duracell. Plus, who doesn’t love an underwear company’s name like Fruit of the Loom?
Buffett has a reputation for being optimistic, and close friends like Melinda French Gates credit his success to that. Even a sentiment analysis of his annual shareholder letters showed an abundance of positivity. Talk about a sunny outlook on life!
Want to know the secret to Buffett’s successful investment strategies? Choose companies you trust, regardless of their current price. He’s also a master at taking advantage of stock drops, and has even shared the sage advice to not watch the market closely when things are down. What a genius!
Buffett’s self-confidence is legendary, with 99% of his net worth invested in Berkshire. He also has his family members heavily invested in the company too! “If I thought that I wasn’t going to be able to do a decent job of managing the risk, a better than decent job, I’d be crazy to take on that responsibility,” said Buffett. Talk about having skin in the game.
When faced with scary issues outside of his control — like, let’s say, nuclear wars or future pandemics (no big deal, right?) — he focuses on situations and tasks that he can actually remedy himself. “I worry about things nobody else worries about, but I can’t solve them all,” Buffett said. He knows his limitations but does what he can.
Buffett has already picked out his successor, Greg Abel, and has faith in his leadership abilities. He trusts the leaders at Berkshire’s portfolio companies to make the right business decisions and expects Abel to follow suit. No pressure, right? But with Buffett’s genius leadership, Abel probably won’t have to change anything anyway.
In conclusion, if you want to be smarter and more successful with your money, work, and life, take a leaf out of Buffett’s book. But, let’s be real, you probably won’t be as successful as this absolute legend!
Serious News: cnbc
