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Buffett May Retire, But the Lessons He Leaves Us Will Remain Valuable
Mint Mumbai
|May 09, 2025
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.
This story is from the May 09, 2025 edition of Mint Mumbai.
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