Charlie Munger said he learned one of his most enduring investing lessons long before Wall Street ever heard his name and that was that very talented people can still behave in wildly irrational ways. Munger’s Lifelong Quest To Diagnose Stupidity Speaking at the Daily Journal Corp. annual meeting in 2019, the then–Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) vice chairman told shareholders that as a boy, "I could see some of the adults around me were nuts — yet they were very talented. I could see how muc ...

Core Viewpoint - Warren Buffett has retired as CEO of Berkshire Hathaway after 60 years, but his investment principles and strategies remain influential for investors moving forward [1][4]. Group 1: Buffett's Legacy and Investment Principles - Buffett's tenure at Berkshire Hathaway saw the company achieve a compounded annual gain of about 20%, significantly outperforming the S&P 500's 10% increase [1]. - Throughout his career, Buffett consistently adhered to his investment principles, focusing on quality companies with strong competitive advantages and purchasing them at reasonable prices [4][5]. Group 2: Transition of Leadership - Greg Abel has been appointed as the new CEO of Berkshire Hathaway, having been hand-picked by Buffett, who continues to hold his shares in the company [6]. - Abel has assured that capital allocation and strategy will remain consistent under his leadership, suggesting continuity in investment decisions that align with Buffett's approach [7]. Group 3: Future Engagement with Buffett - Buffett will still be involved with Berkshire Hathaway as chairman and is expected to share his insights during the annual shareholders' meeting and through a Thanksgiving letter [8][9]. - Investors can anticipate insights from Buffett's past decisions when 13F filings are released, providing a glimpse into his investment strategies even after his retirement [9].

The next thing you're going to want to do is build your custom screener to reflect your particular strategy. Now, as we discussed previously, Guru Focus has tons of pre-built screens built around different investing principles that you can use as a jumping off point. Or you can build your own by setting your criteria and filters around some of the different metrics and principles we talked about previously, such as minimum thresholds for financial strength, profitability, and growth rates.And if you need he ...