Warren Buffett gifts us 5 secrets for investing success, as he hands off Berkshire’s reins this week

Core Insights - Warren Buffett's greatest achievement is not merely beating the market but creating a disciplined investing process that minimizes errors and aligns incentives over decades [3][4] - Buffett's experience and lessons remain relevant in today's volatile market environment, emphasizing the importance of judgment, discipline, and temperament [2][4] Group 1: Buffett's Investment Philosophy - Time is treated as an asset, with an emphasis on the compounding effect of patience and avoiding self-inflicted interruptions [5][6] - Value is placed on understanding incentives and trust rather than macroeconomic forecasts, as incentives shape outcomes more reliably than predictions [7]