He says something about the status of Warren Buffetta as the largest investor in the world that his pension at the age of 94 was a shock. I felt as if it lasted forever. How will we survive without him?

On Saturday, Buffett surprised everyone saying that he would fly Berkshire HathawayThe advice that Greg Abel should become the general director at the end of the year.

With typical modesty he said: “I think that Berkshire prospects will be better under the leadership of Greg than mine.”

But many will continue to regret Buffett’s absence, taking into account the unparalleled success he has achieved in the last 60 years.

Retreat

There will be only one Omaha sage ever. He was a man who bought his first supplies at the age of 11 and two years later submitted his first tax return.

Millions of investors around the world are trying to imitate Buffett, some feed on every announcement.

However, Buffett is more than just Money Man. A philosopher is also quite useful. My personal favorite quote is: “Someone is sitting in the shade today because someone has planted a tree long ago.”

This not only emphasizes his favorite theme, which consists in the fact that we should invest in a long -term perspective, and not chase a quick zloty.

This applies to anyone who sets something for the future, whether it invests in actions and divides ISA, raising a family or, well, planting a tree.

Life by method

Buffett is clearly a genius. Most of us never imitate him. But Here is good news. Buffett spent his whole life on his wisdom, and this does not go away.

His investment philosophy consists in avoiding trends and market schedule and searching for companies with solid basics, mighty earnings and potentials for ensuring long -term growth.

Patience and discipline are crucial. He is pleased to give decades to investments to realize its potential.

Of course, he makes mistakes. He arrived very tardy to American technological supplies, admitting that he did not understand the sector. But he arrived far, much more fine than he ever made a mistake.

That’s why I bought JD Sports

Today, with the stock exchange shocked by Donald Trump’s tariffs, his philosophy is more crucial than ever. On The motley fool, We called readers to consider buying shares during a decline. We always do.

I did it myself, raising FTSE 100-LileDed Trainer seller Sports JD fashion (LSE: JD).

The price of Sports JD has increased over the years, when the company developed quickly, but the rush stuck in a rank. After two disappointing periods of Christmas, the actions have dropped by 30% over the past year and 50% above two.

Now it trades only 6.5 -earnings, which looks convincing to me. It also has achievements of mighty growth and global ambitions.

Would Buffett buy JD? I hate to admit it, but not. It does not fully match his checklist: the moat is not wide, the generation of cash is constrained and certainly does not exceed on today’s arduous market. Despite this, he marks the field of value, and his expansion history is not over yet (I hope).

I try to inspire Buffett and not copy it slandered it. I still have a lot to learn and I know who I am learning from. Warren Buffett may go back, but his wisdom will remain.