Not His Business Or Investments, Warren Buffett Reveals What Worries Him When He Goes To Sleep
What could bother one of the world¡¯s greatest investors, Warren Buffett? What worries him when goes to sleep everyday? His investment portfolio? Or his company Berkshire Hathaway? No, none of them.
What could bother one of the world¡¯s greatest investors, Warren Buffett? What worries him the most when goes to sleep? His investment portfolio? Or his company Berkshire Hathaway? No, none of them.
Billionaire investor Warren Buffett says he worries about a few other things, and the success of his company or investments isn't one of them.
What Worries Warren Buffett The Most
Asked if he was worried about Berkshire Hathaway¡¯s trajectory amid current economic uncertainty arising from banking failures and rising interest rates, the 92-year-old billionaire recently made his feelings clear during an interview on CNBC¡¯s pre-market morning news and talk program ¡°Squawk Box.¡±
¡°At (the age of) 92, I¡¯ve got other things to worry about ... I worry about the nuclear threat. I worry about a pandemic in the future, all kinds of [things],¡± Buffett said. ¡°I never go to bed worried about Berkshire and how we¡¯ll handle a thing.¡±
Warren Buffett was amongst the biggest charitable donors last year, with the list featuring Bill Gates at the top.
Since Buffett took over Berkshire Hathaway in 1965, the company has grown to become one of the world¡¯s largest, with a market capitalisation above $713 billion. Click here to know how a few key decisions from Warren Buffett helped fetch 3,787,464% gains for Berkshire Hathaway.
When Warren Buffett encounters a scary issue that¡¯s outside of his control, like a nuclear war or future pandemics, he tries to mitigate his stress by focusing on situations and tasks that he can actually remedy himself, he said, as per the CNBC report,
¡°I worry about things nobody else worries about, but I can¡¯t solve them all,¡± Buffett said. ¡°I can¡¯t solve if the pandemic starts. But anything that can be solved, I should be thinking about that.¡±
Also Read: How A Lost iPhone Led To Warren Buffett Investing Billions In Apple
Warren Buffett's Successor At Berkshire
As for feeling secure about Berkshire¡¯s future, Buffett has reportedly already handpicked his company¡¯s next CEO ¡ª and his successor, Greg Abel, who had said he doesn¡¯t plan to diverge from Buffett¡¯s winning formula. Buffett is known to trust the leaders at Berkshire¡¯s portfolio companies to make the right business decisions, and he expects Abel to follow suit.
¡°I am not giving [Abel] some envelope that tells him what to do next,¡± but Berkshire Hathaway is ¡°so damn lucky¡± to have Abel taking the reins, Buffett said.
Warren Buffett also has a history of optimism, which his close friends like Melinda French Gates give credit to for the billionaire's success. In 2017, a data scientist performed a sentiment analysis on decades of Buffett¡¯s annual letters to Berkshire¡¯s shareholders and identified a surplus of positivity in Warren Buffett¡¯s updates, as per the report.
When stocks are down, ¡°I would tell [investors], don¡¯t watch the market closely,¡± Warren Buffett had said in 2016 during a volatile market period.
Also Read: How Warren Buffett's $300 Million Help Saved Harley Davidson
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