In his 2025 annual letter to shareholders, Warren Buffett shared key insights and future plans for Berkshire Hathaway. He highlighted the company’s strong performance, despite challenges in some sectors. Buffett admitted to making mistakes in capital allocation and personnel decisions but emphasized the importance of correcting errors promptly.
Buffett praised Greg Abel, his chosen successor, for his leadership and ability to seize investment opportunities. He assured shareholders that Abel shares Berkshire’s values and will continue to uphold the company’s principles.
The letter also discussed Berkshire’s diverse portfolio, including insurance, energy, freight rail transportation, retail operations, and manufacturing services. Buffett emphasized the importance of investing in American equities, while also acknowledging the significance of international operations.
Buffett’s candid reflections on mistakes and successes provide valuable lessons for investors. He stressed the need for transparency and honest communication with shareholders. As he prepares to step down, Buffett’s confidence in Abel’s leadership offers reassurance to Berkshire’s investors.