In Warren Buffett's 2024 annual open letter to Berkshire Hathaway shareholders, Buffett not only reviews his decades-long partnership with Charlie Munger, but also discusses in detail the readiness of Greg Abel, as well as Berkshire Hathaway's investment strategy. In addition, Buffett also delved into his expectations of an ideal shareholder through his description of his sister Bertie.
First of all, Buffett's remembrance of Charlie Munger not only expresses the deep nostalgia for the legendary partner, but also highlights Munger's key role in shaping Berkshire Hathaway's success story. Warren Buffett called Munger "the architect of Berkshire Hathaway", and he himself was the "general contractor" who built the business empire brick by brick based on Munger's design drawings. This memory is not only a tribute to Munger's wisdom and contributions, but also a celebration of the spirit of the duo's collaboration.
On the issue of ** people, Buffett made it clear that Greg Abel is fully prepared to be the next CEO of Berkshire Hathaway. The statement provides a clear signal that Berkshire Hathaway's future leadership is well planned and prepared. Abel's leadership and deep understanding of the company's business are seen by Warren Buffett as key to ensuring the company's long-term stability.
In discussing the investment strategy, Buffett reiterated the core of his long-term investment philosophy, which is to maintain investments in five Japanese trading companies indefinitely. This strategy reflects Buffett's confidence in the future growth potential of these companies and his insistence on long-term investment value.
Finally, through the portrayal of his sister Bertie, Buffett further clarified what he expects from his ideal shareholders: those who seek long-term stable returns, have the ability to think independently, and have a deep understanding of investment. This description not only shows Buffett's deep affection for his family, but also his expectations and commitments to all Berkshire Hathaway shareholders.
Warren Buffett's 2024 letter to shareholders once again shows the investment guru's reflection on the past, his plans for the future, and his deep concern for shareholders. As Berkshire Hathaway moves towards a new milestone, Warren Buffett's letter is not only a summary of past successes, but also a bright outlook for the future.