Few investors copy Warren Buffett’s investment strategy ‘because no one wants to get rich slow,’ the retiring Berkshire Hathaway CEO says

Core Insights - Warren Buffett, the CEO of Berkshire Hathaway, is set to retire at the end of this year, leaving behind a legacy of value investing principles [1] - Buffett's net worth is approximately $150 billion, and Berkshire Hathaway has a market capitalization of around $1 trillion, making it one of the few non-tech companies with such a valuation [2] Value Investing Strategy - Value investing focuses on identifying companies trading below their intrinsic value, emphasizing quality businesses with strong growth potential, solid leadership, and a competitive advantage, referred to as an "economic moat" [2][3] - Buffett has primarily adhered to this value investing strategy throughout his 60-year tenure at Berkshire Hathaway, with early investments in reliable brands like Coca-Cola and Geico, as well as insurance companies [3] Investment Philosophy - Buffett advises against investing in businesses that are not understood, claiming this approach allows for quick assessment of investment worthiness [4] - The practice of value investing requires patience and time, as it involves waiting for the market to recognize and correct undervaluation, which is why it is not widely adopted [4] Market Trends - The current investment landscape favors instant gratification, with strategies like day trading and investing apps gaining popularity, leading companies to prefer being labeled as "growth" stocks rather than "value" stocks [5] - Buffett's perspective on wealth accumulation emphasizes the importance of understanding the world and building valuable relationships, akin to finding "wet snow and a really long hill" for compounding success [6]