Now, I ain’t never danced a fancy jig on Wall Street, but I’ve been clogging through this world of finance long enough to spot a man who walks the talk—and Warren Buffett, well, he’s an old clogger too. Not the kind that makes headlines with flashy footwork or meme stocks, but the kind that keeps a steady beat, rain or shine. While the world chases rockets and unicorns, Buffett’s been quietly milking the same old cow—steady, patient, and profitable. He didn’t teach me how to get rich quick. He taught me how not to go broke slow. That there’s more gold in boring profits than in loud promises. And let me tell you, that kind of wisdom don’t come from a spreadsheet—it comes from living through a few market storms with your boots still on.
As the old fella hangs up his spurs and hands the reins over—along with $300 billion and the dreams of a few million shareholders—there’s a whole lotta ground to cover and some mighty big shoes to fill. Wall Street might not shed a tear, but the rest of us who saw through the hype, thanks to Warren, ought to tip our hats. Because in a world that sells sizzle, he taught us to look for the steak. So here’s to the man who proved that slow and steady doesn’t just win the race—it owns the damn track.
There’s no exact publicly available count of how many millionaires Berkshire Hathaway (BRK) has made, but estimates—and Buffett’s own comments—give us a pretty good idea.
🧮 Estimated Count:
- Shareholders at AGM: Over 40,000 people attended the 2025 annual meeting—many of them long-term investors who’ve held BRK stock for decades.
- Early Investors: Anyone who invested $1,000 in Berkshire Hathaway in the mid-1960s, when Buffett took control, would be worth tens of millions today.
- Class A Stock Growth:
- In 1970 BRK.A traded at $40
- In 1980: BRK.A traded around $425.
- Today in 2025: It trades at over $750,000 per share.
- A few single shares have made many multi-millionaires out of patient holders.
- Not too bad
Buffett’s Own Words:
“Berkshire has probably created more millionaires than any other single stock in the history of the market.”
– Warren Buffett, Berkshire AGM (paraphrased from multiple meetings)
Realistic Estimate:
- Tens of thousands of millionaires have been made from long-term holdings in BRK stock.
- This includes:
- Shareholders (individuals and families)
- Company managers (Buffett made sure subsidiary execs were often rewarded with stock)
- Employees of companies acquired by BRK
- Loyal fans who dollar-cost averaged into the stock over the years
Here is what Warren Buffett just said at the 2025 Berkshire Hathaway Annual General Meeting (AGM) this weekend.
🛃 1. Tariffs & Trade: Balance Over Bluster
Summary:
Buffett isn’t against tariffs per se, but he’s against how they’re used—especially when wielded recklessly. He believes balanced trade is essential to America’s long-term health and has long warned that our persistent trade deficit is “selling the nation out from under us.” He even proposed his own solution back in 2003: Import Certificates—a type of tariff in disguise.
Buffett quote:
🗨️ “Calling it a tariff doesn’t make it evil. Calling it a certificate doesn’t make it holy. What matters is whether it keeps us from pawning our country to the world.”
Key Insight:
Trump’s tariffs may have the right diagnosis (America’s trade imbalance), but Buffett thinks the treatment needs to be less inflammatory and more cooperative to avoid isolating allies.
🧾 2. Trump & Washington: Avoid the Political Noise
Summary:
Buffett didn’t offer direct praise or criticism of Trump but made clear he dislikes Washington’s spending habits. He joked about the fictional “Department of Government Efficiency” (D.O.G.E.), then soberly said fixing the deficit is a job he doesn’t want—but someone must take it seriously.
Buffett quote:
🗨️ “The deficit won’t fix itself, no matter how many speeches get made about it. It’s arithmetic, not ideology.”
Key Insight:
Buffett subtly supports the need to confront real issues—like unsustainable deficits—but avoids partisan bickering. His message: less politics, more math.
💰 3. Berkshire’s $348 Billion Cash Pile: Dry Powder, Not Panic
Summary:
Buffett defended his massive cash holdings—now 30% of Berkshire’s balance sheet. He’s not bearish per se, but he’s cautious. Rather than chase overvalued assets, he’s waiting patiently for the right opportunity.
Buffett quote:
🗨️ “Cash is like oxygen—you don’t notice it until it’s gone. And when you need it, nothing else will do.”
Key Insight:
While others might interpret the cash as fear, Buffett sees it as optionality—fuel for future opportunities when others are forced to sell.
📉 4. Market Volatility: Keep Calm & Think Long-Term
Summary:
Buffett dismissed recent market swings as “nothing.” He reminded shareholders that Berkshire itself has dropped 50% three times in its history, and each time, it came back stronger.
Buffett-style quote:
🗨️ “If a 15% dip in your stocks keeps you up at night, you’re not investing—you’re gambling.”
Key Insight:
Volatility is the price of admission for long-term gains. Buffett remains steadfast: don’t panic, stick to sound businesses, and think decades—not days.
👞 5. What’s Next: Passing the Torch to Greg Abel
Summary:
At 94, Buffett formally announced that Greg Abel will take over as CEO by year-end. It wasn’t a surprise that Abel would be his successor, but the timing was unexpected—even Abel didn’t know in advance.
Buffett-style quote:
🗨️ “I’ll still be around the office. But if you hear a decision you don’t like—blame Greg.”
Key Insight:
Buffett is stepping back, but not stepping out. He’s leaving Berkshire in steady, proven hands—and with a war chest big enough to weather any storm.
🪙 Final Thoughts: The Buffett Doctrine in 2025
Warren Buffett’s last AGM as CEO didn’t end with fireworks—but with firm reminders. Balanced trade matters. Deficits matter. Cash is king if you’re patient. Stocks go up and down—so buy good ones and sit still. And finally, hand off the reins when the time is right.
🧠 Final Buffett quote:
“I started with $10,000, a good book, and a lot of patience. I leave you with $348 billion and the same advice.”
A brief history of Warren Buffet
Warren Buffett, born on August 30, 1930, in Omaha, Nebraska, is one of the most successful investors in history and the longtime chairman and CEO of Berkshire Hathaway. Often called the “Oracle of Omaha,” Buffett showed an early interest in business and investing, buying his first stock at age 11 and filing his first tax return at 13. After graduating from the University of Nebraska, he studied under Benjamin Graham at Columbia Business School, where he absorbed the principles of value investing that would define his career.
Buffett built Berkshire Hathaway from a struggling textile company into a global holding powerhouse, owning or investing in companies like GEICO, Coca-Cola, Apple, and American Express. Known for his plainspoken wisdom, frugal lifestyle, and long-term approach, Buffett has amassed a net worth in the tens of billions while pledging to give away the vast majority of it to philanthropic causes. Despite his immense wealth and influence, he remains grounded in Midwestern values, famously living in the same Omaha house he bought in 1958.
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