No matter how well you understand candlestick charts or logic, it's all useless. As long as emotions take over, everything is wasted. Chasing highs, averaging down, heavy investing, regretting... All these actions are just emotional reactions. The crypto world is not a place for technical skills, it's a purgatory for self-control.
Buffett has issued his last annual shareholder letter.
He confirmed that in 2026 he will step aside and Greg Abel will take over as CEO of Berkshire Hathaway. His annual letters, written since 1965, became an iconic part of his management style.
He has already initiated his asset distribution: converting 1,800 Class A shares into 2.7 million Class B shares and allocating over $1.1 billion to four family foundations. He is also accelerating the transfer of $149 billion to his children’s charitable funds.
Berkshire continues to show strength operating profit climbed 34%, and cash reserves hit a record $381.7 billion.