Warren Buffett, the renowned investor often dubbed the “Oracle of Omaha,” has had a momentous week. Berkshire Hathaway, the company he has led since 1965, achieved a historic milestone by reaching a market capitalization of $1 trillion on Wednesday. This achievement coincided with Buffett’s 94th birthday, and he celebrated with no intention of retiring.
While reflecting on his career journey, Buffett offered valuable advice for those seeking employment. He emphasizes the importance of choosing a job that aligns with your passions, even if financial need wasn’t a factor. “You want to be doing something you would do if you didn’t need the money. And most people do need the money. But if you’re in the position where you don’t, you should be doing what you would if you didn’t need the money,” Buffett once told Fortune. He affirmed that he still finds immense satisfaction in his role at Berkshire Hathaway, despite not requiring the income.
Buffett acknowledged that his energy levels have understandably decreased over time, but he feels fortunate to be in a field that allows him to continue working. He also formally confirmed Greg Abel as his designated successor, ensuring a seamless transition when he decides to step down. “I am fortunately in a business where even though my muscles are gone, my balance is gone, my stamina is gone, it doesn’t make any difference in what I do, so I am very lucky in that way,” Buffett stated.
Buffett’s career advice comes at a particularly significant moment as Berkshire Hathaway reaches this monumental milestone. His insights, gleaned from decades of experience in the business world, can be invaluable to anyone navigating their career path. The confirmation of Greg Abel as his successor also provides reassurance and a sense of continuity for Berkshire Hathaway, ensuring the company will be in capable hands during the next chapter.
