What are the key principles that defined Warren Buffett's investing career?

Buffett's investing principles of patience, integrity, humility, and simplicity have defined his remarkable career and continue to guide investors worldwide.

How did Warren Buffett's longtime partner Charlie Munger influence Berkshire Hathaway?

Buffett credited Munger as the "architect" of Berkshire Hathaway, stating that Munger "jerked me back to sanity when my old habits surfaced" and helped shape the company's vision.

What role did luck play in Warren Buffett's success?

In his final letter, Buffett reflected on the role of chance in success, acknowledging that "Lady Luck is fickle and -- no other term fits -- wildly unfair" and that some have "achieved lifetime financial independence the moment they emerged from the womb."

Home / Business and Economy / Buffett's Parting Advice: Patience, Integrity, and the Power of Simplicity

Buffett's Parting Advice: Patience, Integrity, and the Power of Simplicity

11 Nov, 2025

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Summary

Buffett concludes his annual letters for Berkshire Hathaway after nearly 60 years
His principles of patience, integrity, humility, and simplicity remain vital for investors
Buffett reflects on his mistakes and the role of luck in success

Buffett's Parting Advice: Patience, Integrity, and the Power of Simplicity

As of November 11, 2025, legendary investor Warren Buffett has concluded his annual letters for Berkshire Hathaway, marking the end of an era in global finance. For nearly six decades, Buffett's plain-spoken essays, written from the sleepy city of Omaha, have been read across the globe, offering a timeless roadmap for navigating markets and building lasting value.

Buffett's principles of patience, integrity, humility, and simplicity remain vital for investors worldwide. His declaration that "our favorite holding period is forever" distills his belief that the best returns come from owning great businesses for the long haul. Buffett has also emphasized the importance of reputation, warning that it "takes 20 years to build and five minutes to ruin."