"Buffett's advice for successful investing: Embrace rationality, not emotions"

At Berkshire Hathaway's annual shareholder meeting, Warren Buffett advised investors to remove emotion from their decision-making process when it comes to business and investing. This strategy has worked for Berkshire Hathaway over the years, as the conglomerate has outperformed the S&P 500 from 1965 to 2022. Buffett's signature value-oriented investment philosophy consists of buying and holding a core set of quality companies over long periods of time. Fellow value investor Jonathan Boyar emphasized the importance of analyzing a business's quality and valuation. Buffett's longtime business partner, Charlie Munger, agreed with Buffett on removing emotion from the decision-making process, but noted that it may be more challenging for value investors going forward.