Warren Buffett, widely regarded as one of the most successful investors in history, has a unique approach to success and philanthropy. At 75 years old, he surprised the world by donating over 99% of his wealth to charity, starting with the Bill & Melinda Gates Foundation. His decision was not taken lightly, but rather after careful consideration and a willingness to change course.
Buffett’s journey began as a disciple of Benjamin Graham, who recommended buying stocks at rock-bottom prices. However, Buffett’s business partner Charlie Munger convinced him that strong companies could be worth buying even when they weren’t bargains. This pivot led to some of Buffett’s best investments, including See’s Candies and Apple.
In the late 1990s, Buffett recognized the dotcom bubble for what it was and avoided investing in tech companies. However, he eventually came to see Apple as a traditionally great business with a huge competitive “moat.” He became one of Berkshire Hathaway’s top-performing holdings.
Buffett’s decision to give away his wealth was also influenced by the accomplishments of the Bill & Melinda Gates Foundation. After meeting the foundation’s co-chairs, Buffett realized that they were better equipped than he was to make a significant impact on humanity. This led him to donate $40 billion to the foundation, with the rest going to other charities.
Buffett’s ability to change course and adapt to changing circumstances is key to his success and longevity. He continues to inspire investors and philanthropists around the world with his example of how to reevaluate and adjust one’s approach as needed.
Source: https://fortune.com/2025/05/17/warren-buffett-success-berkshire-hathaway-stocks