So the King of investments Warren Buffett dominated finance for 60 years by beating (almost always) Wall Street

Many have tried to imitate him but, as the Wall Street Journal« There will never be another Warren Buffett ». The most famous investor in the world, known for having almost always beaten the market with his choices, so much so as to earn the nickname « Oracle di Omaha », announced that on the eve of the 95 years He is ready to get aside as a managing director of Berkshire Hathaway.

Buffett has announced his retirement, within up to the year, in front of the shareholders’ meeting, which paid him a standing ovation. The CEO also launched his endorsement for the designated successor, as well as current vice -president of Holding Greg Abel. Buffett’s resignation mark the end of an era not only for Berkshire Hathaway but for the entire world of finance, as shown by the reactions and comments on the American media.

The Holding, which Buffett has been guided since 1965, after detecting Berkshire who was then a textile company in difficulty, is worth over 1,100 billion dollars at Wall Street. A value reached also thanks to a conspicuous dowry of liquidity that the founder himself generated, anticipating the turbulence on the markets and selling large quantities of actions previously purchased.

The portfolio of titles

Among the most important titles of Berkshire there are: the Gem car insurance company, the BNSF railway company, the Energy Society Berkshire Hathaway Energy, Dairy Queen, See’s Candies, Fruit of the Loom, the paints of Paints Benjamin Moore and the private Jet company Netjets. Companies, which as the New York Timeshave contributed to growing a liquidity that now amounts to almost 348 billion dollars and is higher than the evaluation of McDonald’s a Wall Street.

Investment strategies

One of the elements of the success of Buffett was his ability to focus on companies that can create significant competitive advantages compared to competition and to defend their margins even in difficult times. Companies such as « Castles protected by Fossati », as the American billionaire would say, which perhaps for this reason has never let himself be frightened by the crises. Indeed, he often knew how to transform them into occasions, following the motto « be afraid when the others are greedy, and greedy when others are afraid ». Over the years, surprising the observers, he has sold significant shares of his stock portfolio ensuring a mountain of liquidity. And he had started to do it already in 2023, when he decided to start selling a significant slice of his Apple actions. Well before, therefore, of the recent shock on the financial markets. Buffett’s shock has minimized in his farewell speech: « What happened in the last 30, 45 days is really nothing, » he said.

The first actions bought at 11 years

The actions for Warren Buffett were a real obsession that guided his life at all times, as highlighted the Wall Street Journal. Legend has it that he began to invest at the age of 11. It was March 1942, when he bought three cities service actions for 38 dollars each. The title went down to $ 27 and then go back to 40 dollars. Buffett then decided to sell quickly, only to repent: later Cities Service came to overcome the $ 200 dollars. Starting from this lesson, Buffett builds his future investment philosophy, as he himself will later say: « Financial markets are a tool to transfer wealth from impatient to patients ».

His mentor Benjamin Graham

After graduating in Economics, Buffett completes a master’s Master’s Master’s Master at Columbia Business School (Harvard had rejected his application). Just at Columbia he meets Professor Benjamin Graham, the author of « The Intelligent Investor », the Equal Market Bible since his first publication. As a pupil of Graham, Buffett applies the concepts of Value Investing: An investment, in order to be such, must be based on a careful analysis of business indicators, must guarantee a certain security in the return and a satisfactory return for the investor.

Omaha’s house and passion for McDonald’s

Despite his assets, in the meantime he multiplied, Buffett has always continued to live in the same house as Omaha, in the heart of Nebraska, purchased in 1958 for $ 31,500. He purchased his first computer only in 1994, at the request of his friend, as well as co-founder of Microsoft, Bill Gates. And he has been kept away from investments in technological companies for a long time, believing that the sector is too volatile and difficult to predict. He made a single exception with Apple. But, even in this case, at a certain point he decided to reduce his participations by two thirds. Among the anecdotes concerning the billionaire, his passion for McDonald’s is known, where he said he has breakfast every morning. In a 2007 interview with the CNBC he had revealed that he possessed a « gold card » that allows him to eat for free in any McDonald’s by Omaha throughout his life.