SOURCE : NEW18 NEWS
Last Updated:May 04, 2025, 16:40 IST
Warren Buffett advised young investors on forming the right associations for success at Berkshire Hathaway’s AGM and announced his retirement plan by the end of 2025.
Buffett indicated several years ago 62-year-old Abel would be his pick for successor. (Photo Credit: X)
Warren Buffett believes that forming the right associations can lead to both professional growth and personal fulfillment.
His advice to young investors came during Berkshire Hathaway’s Annual General Meeting in Omaha on May 3, where he shocked the investors and shareholders by announcing his retirement plan by end of 2025. Buffett said that he’d be succeeded by Greg Abel.
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Professional and Personal Success
According to Buffett, such associations not only teach you how to succeed in business but also how to thrive in life. He emphasized the importance of finding careers that align with one’s passions—jobs that you would gladly do even without financial rewards. He highlighted his own experience, saying he has held such a job for a very long time.
Integrity In Associations
Buffett cautioned against aligning with individuals or businesses that require compromising your values. He stressed the importance of maintaining integrity and avoiding situations where you are asked to do something you shouldn’t be doing.
Reflecting on his early career, Buffett shared an anecdote about meeting a mentor by chance who turned out to be incredibly helpful. He noted that mutual goodwill often leads to enduring and positive relationships, creating a compounding effect of good intentions and behavior.
Happiness and Longevity
Summarizing his philosophy, Buffett linked happiness to longevity. He suggested that a happy person tends to live longer than someone who engages in activities they do not admire. He humorously added that this might be the reason for his own long life.
- First Published:
May 04, 2025, 16:40 IST
