The Fin Does Warren Buffett’s retirement mark peak America?
May 14, 2025
In this engaging discussion, Jonathan Shapiro, a senior reporter at The Australian Financial Review specializing in business and finance, dives into Warren Buffett's retirement and its implications for America. He explores Buffett's enduring legacy and whether his famous mantra still holds true. The conversation also touches on the contrasting optimism at the Milken Institute Global Conference versus underlying economic concerns. Additionally, Shapiro examines the future of Berkshire Hathaway and its next chapter under Greg Abel's leadership.
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Buffett's Omaha Roots
- Warren Buffett has remained based in Omaha his entire life, making others come to him.
- The town itself is unremarkable but hosts investors from around the world during Berkshire's meeting.
Buffett's Investment Evolution
- Warren Buffett shifted from buying undervalued "cigar butt" companies to holding high-quality firms with lasting value.
- This strategy was influenced and encouraged by his partner Charlie Munger.
Buffett's Apple Investment
- Buffett famously made a huge profit investing $35 billion in Apple shares starting in 2016-2017.
- Recently, he has been selling large amounts of Apple shares to avoid downside risk.