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As soon as industry leaders with a long history of success and timeless appeal become undervalued, he advises buying their shares and then being patient. In his 2024 letter, Buffett emphasized that lasting wealth comes from identifying quality companies when they’re undervalued and then doing something that seems almost radical today—nothing. “Thanks to the American tailwind and the power of compound interest,” he wrote, “the arena in which we operate has been—and will be—rewarding if you make a couple of good decisions during a lifetime.” Both children were pronounced dead at the hospital, Bettison said. The medical examiner will determine the official cause of death, though police preliminarily believe they died from hypothermia, he said.
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