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Buffett May Retire, But the Lessons He Leaves Us Will Remain Valuable
May 09, 2025
|Mint Chennai
Behind his humor lies a genius for investment that has as much to do with emotions as numbers
Asked a question about Berkshire Hathaway's earnings power over the past financial year by a London-based economics professor at the company's annual gathering of shareholders on May 3, Warren Buffett conjured a soliloquy worthy of a Shakespearean comedy. His voice, as he approaches his 95th birthday on August 30, sounded croaky. But he replied with a quick reference to problems at the utility business Berkshire owns and embarked on a riff about the foundation of the company's success: "We will make our best deals when people are most pessimistic." This principle has guided Berkshire over the decades, including during the financial crisis of 2008-09, when Buffett threw a lifeline to Goldman Sachs by investing $5 billion in its preferred shares with a 10% yield.
هذه القصة من طبعة May 09, 2025 من Mint Chennai.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
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