The longest day must have an end! Warren Buffett, the God of Stocks has to retire at long last. He delivered his retirement letter on Nov 10th and I asked the AI to make a summary and give their comments. However, full length of the letter can be read in the following:
Microsoft Word – Gift_Press_Release_11-10-25.docx
It is a statement in Philosophy of life rather than leaving down strategies of investment. Since Buffet announced that he would step off the post of CEO on Dec 31st 2025 in May, the price of BRK.B fell for several months even though 3 major indexes kept on breaking record high. Even he had observed Greg Abel is the most suitable person as his successor, but the market felt no one can chase near Buffet except Catherine Wood, the Goddess of Stocks. One of the major reasons is that he wants Abel to stand on his own and lessen his pressure. When Buffet passed a lot of positions to Abel, on selling Abel has to evaluate whether the new buying would be more profitable, so Buffet sold out quite a large number of them. Thus, Abel can trade freely without referring to the past.
One thing I want to point out, the word Oracle in Chinese means Tortoise Words. In ancient China, one of the most famous divinations is by burning the tortoise shell in fire and the shell would crack in different ways, thus is the answer to the divination. The stock ORCL, in English they use the word oracle refers to prophet, but the Chinese name of that company means Tortoise Words. Warren Buffett is known as Oracle of Omaha. It has no relation with the Landing of Normandy in World War II, where the bloodiest battle was fought on Omaha Beach of France.
Recently, there are a lot of advertisement in the internet, saying that they can use AI to become rich in a single evening. Just ask you to joint their online course, and they can give you stocks will rise for 20% in the next day, so you can buy in and selling out quickly and earn profit at once. Please watch the underlined sentences of Warren Buffett:
Invest for decades, not days.
Why I asked investors to use their monthly income to buy TSLA and fix it on the same day of the month no matter what price it is.
Small consistent gains over decades.
Why we have to invest?
Decide what you would like your obituary to say
and live the life to deserve it.
What it really means earning money of course is very important, but after that you should live the life in your own way when you get enough money. He would give 99% of his wealth to charity board, why don’t he give out in the past, for he needs to use the capital to earn more, so as to give out more.
So, let’s use this weekend to study his letter one word by one word, one letter by one letter. I also shown the positions of BRK.B so that those interested in copy trade can follow as much as you can.