Warren Buffett Reflects on Investment Lessons and Berkshire's Future in 2025 Letter

The legendary investor shares insights on mistakes, value investing, and the importance of responsible government spending.

Buffett emphasizes learning from mistakes, recalling his costly decision to acquire Berkshire Hathaway's textile business in 1962 and urging prompt corrective action in investing.
He reiterates his long-term confidence in stocks, advocating for low-cost index funds and cautioning against over-reliance on cash or bonds during inflationary periods.
Berkshire Hathaway has increased its stakes in five major Japanese companies, citing their financial prudence and long-term value potential despite recent struggles.
Buffett calls for responsible government spending, highlighting Berkshire's record $26.8 billion corporate tax contribution in 2024 and the need for stable fiscal policies.
Greg Abel, Buffett's designated successor, is expected to continue the company's investment strategies, supported by Berkshire's $334 billion cash reserve.