Warren Buffett has announced his intention to step down as CEO of Berkshire Hathaway by the end of 2025. Throughout his extensive career, he has shared invaluable business and life wisdom. His teachings, stemming from decades of experience, resonate with both leaders and aspiring professionals alike. Buffett's insights range from maintaining a positive outlook despite life's challenges to striking a balance in wealth inheritance for the next generation. He emphasizes the importance of reputation and the distinction between cost and standard of living.
"Teaching, like writing, has helped me develop and clarify my own thoughts," Buffett said in a 2020 address to graduates of the University of Nebraska-Lincoln.
"I would focus on the things that have been good in your life rather than the bad things that happen, because bad things do happen."
"Hugely wealthy parents should leave their children enough so they can do anything but not enough that they can do nothing," Buffett wrote in a letter to shareholders in 2024.
"Don't confuse the cost of living with the standard of living," Buffett told Alice Schroeder in "The Snowball: Warren Buffett and the Business of Life."
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