From CNBC: 2024-08-30 09:24:26

Warren Buffett celebrated his 94th birthday as Berkshire Hathaway hit a milestone with a $1 trillion market capitalization. Howard Marks praises Buffett’s strategy, consistency, and insight over seven decades. Buffett’s success stems from compounding returns and unconventional wisdom, making him one of the greatest investors in history.

Generations of investors admire Buffett’s patient value investing style with iconic moves like investing in Coca-Cola, Goldman Sachs during the financial crisis, and Apple. Berkshire Hathaway shares have surged exponentially under Buffett, generating a 4,384,748% return since he took over. Despite his age, Buffett remains actively involved in the company with a designated successor in place.

Howard Marks, a friend of Buffett, shares similar investment principles, emphasizing the importance of value investing and avoiding market timing. Marks, a prominent figure in the investing world, has written popular investment memos since 1990, with Buffett endorsing his work. Buffett’s dedication to his work and joy in investing inspires Marks to keep going in his own career.

Read more: Warren Buffett leads Berkshire Hathaway to new heights at age 94