I was confident that I could take over and raise it at a low price. His prediction hit the mark. Sixty years later, the company has become Berkshire Hathaway, an investment company with a market capitalization of more than $1 trillion (about 1,400 trillion won). The main character is Warren Buffett, chairman and CEO (94), who announced his surprise retirement at the Berkshire Hathaway shareholders' meeting on the 3rd (local time).

There is no disagreement that Buffett's trademark "value investment" is a key factor in Berkshire Hathaway's success. Buffett's Value Investment △Internal Value Should Be Higher Than Market Value △ Long-term investment should be made △ You should invest in what you know It consists of three principles.

Investment based on intrinsic value was applied when the textile factory was acquired 60 years ago. At that time, the intrinsic value was judged to be much higher than the stock price. In the end, Berkshire Hathaway has grown into a leading U.S. chaebol company by investing in or acquiring companies that encompass the real economy, such as insurance, energy, food, aviation, and railroads.

This principle actually began with Buffett's first stock investment. In March 1942, as an 11-year-old boy, he asked his father to buy three shares when his shares in the oil refinery City's Services were halved. At that time, oil companies' stock prices plunged due to World War II, but they expected them to rise in the end due to their high intrinsic value. Buffett sold the shares, which he bought at $38.75 per share, when they rose to $40 four months later.