In his annual letter to Berkshire shareholders, the 92-year-old Buffett urged investors to focus on the big picture over the long term, rather than higher inflation and other factors that in 2022 dampened stock prices, though not Berkshire's. And I doubt very much that any reader of this letter will have a different experience in the future." "Buffett is very humble in assessing his own investment prowess, and unnecessarily so," said Thomas Russo, a partner at Gardner Russo & Quinn and longtime Berkshire investor. Warren Buffett, CEO of Berkshire Hathaway, attends the annual Allen and Co. Sun Valley Media Conference, in Sun Valley, Idaho, U.S., July 6, 2022. Bill Smead, a longtime Berkshire investor at Smead Capital Management, said: "He's poking fun at people who try to add money without adding value."

Source: Forbes February 25, 2023 21:19 UTC