I take the liberty of creating an article here on his birthday with excerpts from various discussions with this personality. Legends are needed in life, I personally am a former athlete and know how important it is to have role models.

I certainly don't need to introduce the legendary investor, I bet a lot of us who are regulars here at Bulios have read some of Buffett's stuff. It's important to have role models in life and especially kids have them, "not because they are rich, but because they go out and work hard and fulfill their dreams without excuses" ...and that's what you want.

But let's get to the article, Warren "dreads" his birthday because he hates getting old and doesn't care about presents. Well, someone likes to grow old. 😂 His goal always and still is, to multiply his wealth and make great friends, like a snowball rolling down a hill. He knows there is no turning back, so he focuses on making the most of the time he has left absolutely.

"Buffett was far from jaded, but it was hard to thrill a multibillionaire - one who didn't want to be a year older and didn't care about wealth - with a birthday present," writes Alice Schroeder in "The Snowball: Warren Buffett and the Business of Life." By the way, a great book I've read, highly recommended. 😊

"There was always another new person, another investment, another idea waiting for him. The things he had to learn far exceeded what he already knew." You'd better pick up snow as you go, because you won't be able to get back to the top of the hill." That's the way life works." Little bits and pieces from that book.

Berkshire Hathaway

BRK-B

$437.66 $4.37 +1.01%

Capital Structure

Market Cap

943.7B

Enterpr. Val.

1.0T

Valuation

P/E

12.9

P/S

2.6

Open $435.66

Day range $434.10 - $439.00

52 week range $330.58 - $449.25

Over nearly six decades, Berkshire Hathaway $BRK-B+1.0% has often delivered annual returns of 20 percent or more, well above the returns of popular benchmarks such as the Dow Jones and S&P 500. Perhaps there's no better time to look back on the wisdom of the legendary investor. life and business through his famous quotes in interviews and annual shareholder letters - which are required reading for financial executives. Here, then, according to the popular magazine's selection of the top 10 quotes:

• "The first rule of investing is not to lose (money). And the second rule of investing is not to forget the first rule. And that's all the rules." - 1985 shareholder letter
• "If principles become obsolete, they are no longer principles." - 1988 shareholder letter
• "It is far better to buy a great company at a fair price than a fair company at a fabulous price." - 1989 shareholder letter
• "Only when the tide goes out will you find out who swam naked." - 1993 shareholder letter
• "If we can't find things within our circle of competence, we don't expand the circle. We wait." - 1995 shareholder letter
• "We learn from history that people don't learn from history." - 2004 shareholder letter
• "The worst kind of business is one that grows rapidly, requires significant capital to induce growth, and then makes little or no money." - 2007 shareholder letter
• "Price is what you pay. Value is what you get." - 2008 shareholder letter
• "A simple rule dictates my purchase: Be afraid when others are greedy, and greedy when others are afraid." - 2008 interview with The New York Times
• "It never pays to bet against America." "We go through things, but it doesn't always go smoothly. -2009 interview with NBC

And finally, Berkshire Hathaway's succession plan:

Buffett has not spoken publicly about his succession plan in recent years. But in 2021, Charlie Munger revealed at a shareholder meeting that Greg Abel, the head of $BRK-B'+1.0% s energy business , would replace Buffett as CEO if something happened to the billionaire. Buffett later confirmed this and said Abel would "take over tomorrow morning" if needed.

He also said that if Abel couldn't do the job for some reason, Ajit Jain, who oversees Berkshire's insurance business, would become CEO. Abel, 59, and Jain, 70, were promoted to vice chairmen of the board in 2018. "Ajit and Greg have rare talents and have Berkshire blood in their veins," Buffett wrote in his 2018 letter to shareholders.

This April, Abel joined Buffett with a trip to Japan, where he made major investments in the country's leading department stores. Abel "is doing all the work and I take the compliments - it's exactly what I wanted," Buffett told CNBC at the time. 😊

So friends, what role models do you have and what is your motivation to work on yourself? 😊