Part 12/13:
The Berkshire Hathaway annual meeting is not just about earnings and business updates; it is a celebration of investing wisdom, sound business principles, and enduring value. Buffett and Munger continue to exemplify the power of patience, deep analysis, and skepticism of fads. Their long track record — growing book value at nearly 19% per annum over decades — speaks volumes.
For individual investors, the takeaways are clear:
Embrace long-term, patient investing.
Consider low-cost passive index funds as a core strategy.
Focus on understanding business quality and management rather than day-to-day market noise.