Post by : Badri Ariffin

In a significant transition, Warren Buffett, the legendary investor celebrated for his exceptional leadership at Berkshire Hathaway, is stepping down from his role as CEO after more than 60 years. Although he will remain on as chairman, Greg Abel is set to take over the CEO position, ushering in a new phase for the conglomerate.

Buffett’s philosophies on investing and life have left an indelible mark on millions around the world. His annual letters and the famed Omaha meetings attract a devoted audience of investors and admirers. Here are some of his most memorable quotes that encapsulate his investing and ethical principles:

1. “Be fearful when others are greedy, and greedy when others are fearful.”

This phrase perfectly encapsulates Buffett’s contrarian approach to investing, advocating for the acquisition of undervalued stocks when market sentiment is low, trusting personal analysis over prevailing trends.

2. “Rule No. 1: Never lose money. Rule No. 2: Never forget Rule No. 1.”

Emphasizing capital preservation, Buffett underlines that avoiding losses should be the cornerstone of any successful investing strategy.

3. Ethical standards: The ‘Newspaper Test’

Buffett advised a Congressional committee in 1991 that employees should ask themselves whether their actions would be acceptable if seen on the front page of a newspaper, placing reputation above short-term financial gains.

4. “You only find out who is swimming naked when the tide goes out.”

Buffett illustrates how true business strength emerges during economic challenges, revealing the weaknesses of those who thrive only in prosperous times.

5. “Who you associate with is just enormously important.”

He encourages individuals to surround themselves with inspiring and challenging people, notably emphasizing the importance of selecting the right partner as one of life’s most critical decisions.

As Buffett transitions away from daily leadership, these enduring lessons will serve as invaluable guidance for investors and professionals around the globe, reflecting his unique blend of sharp investing acumen and steadfast ethics.

#Global News