Warren Buffett is known for being right about his stock market tips, investments, and his extensive portfolio. What makes him the Oracle is that the Berkshire Hathaway owner shares his insight with others by releasing a yearly letter to Berkshire shareholders. Buffett may eventually name his successor, as he has already started donating his funds to businesses to prepare for the future. He feels that bargains in business ownership are only gained through buying stock options. Simple business means that managers protect their franchises even as they search for new products, as well as opportunities.
Warren Buffett’s annual letter to shareholders about why he is increasing his position with Apple and Amazon is released yearly. Investors manage billions of dollars, some of it not necessarily their own money. Politics and economic forecasts do nothing but rattle the nerves of investors who do not want to make sudden decisions on impulse. Buffett manages to see things other people do not, like the expansion of the war in Vietnam which caused wage and price controls. Managers have some freedom, he says, because the shareholder constituency makes the manager do what Wall Street does. Demands of owners at Berkshire do not influence decision-making that Buffett feels should not be done in a hurry.
Buffet feels that what causes failure is starting with an answer that is wanted, and then working backward to find a rational means of supporting that argument in a subconscious manner. This makes the process dangerous to success. What causes success, however, is not to make wishes, but to use facts instead. Buffet owns Geico and Dairy Queen, Kraft Heinz and Coca-Cola. Every quarter, Berkshire Hathaway’s holdings are disclosed. Buffett makes very wise stock picks, which is why he is called the Oracle of Omaha, and an influential investor who has made history with his decision-making process that has made him a billionaire.