From Yahoo Finance: 2025-05-17 09:00:00

In July 2006, Warren Buffett sold $11 billion in Berkshire Hathaway shares as part of his plan to give away most of his wealth. From a $20 savings account set up by his father at age 6 to becoming the world’s greatest investor, Buffett announced handing over CEO reins in 2024. Buffett’s record-setting success raises questions about his investment secrets and wise quotes.

Buffett’s wisdom lies in his constant pursuit of knowledge and adaptability. Starting as a teenage investor, he abandoned technical analysis and market timing to focus on the company’s future. Learning from early mistakes, like selling too soon, he emphasized ignoring past prices and investing with confidence. His partnership with Charlie Munger led to a shift in investing philosophy, buying fundamentally strong businesses at fair prices rather than just bargains.

Buffett’s ability to change beliefs based on reality was evident during the dotcom bubble, as he avoided internet stocks, predicting their valuation challenges. His decision to invest in Apple despite skepticism from Wall Street analysts paid off, leading to it becoming Berkshire’s largest holding. Buffett’s success stems from his rationality, adaptability, and willingness to challenge conventional wisdom in investing. Warren Buffett sold the majority of Berkshire Hathaway’s Apple shares in 2024, but it remained their largest equity holding. Buffett admitted that Tim Cook made Berkshire more money than he did. Buffett shifted from planning to donate his wealth after his death to immediately donating most to the Gates Foundation.

Buffett transitioned from buying undervalued stocks to investing in strong companies. He recognized Apple’s value under CEO Tim Cook, making it one of Berkshire’s top holdings. Buffett decided to donate most of his wealth immediately to the Gates Foundation due to its accomplishments.

Buffett’s decision to donate immediately to the Gates Foundation was influenced by his admiration for the Gateses’ work. He believed they were better equipped to handle the significant sums he would be sending them. This shift in giving strategy reflects Buffett’s logical approach to philanthropy.

Read more: He knew how to change his mind