Young people should do this to succeed in investment..Warren Buffett’s advice! – Berkshire Hathaway CEO Warren Buffett asks young investors to start early in his annual letter to shareholders

One of the world’s richest people and investor, Warren Buffett, used to write a letter to the shareholders of his Berkshire Hathaway company every year. Not only the shareholders but also his fans, industry and investors around the world will be waiting for this letter. In this situation, Warren Buffett has written this year’s letter to the shareholders of Berkshire Hathaway. In it, he lashed out at critics of the buybacks. He also gave his advice on what young investors should do.

Buyback is when a company buys back its shares from shareholders. Generally, in buybacks, the shareholders get a profit as the shares are purchased at a higher price.

In this case, last year the US government imposed a 1% tax on buyback activities. Moreover, US President Joe Biden has already signaled that he has decided to raise this tax to 4%.

In this context, Warren Buffett has slammed those who say buybacks are dangerous for shareholders and those who say buybacks only benefit CEOs as having no economic knowledge.

Also, Warren Buffett said that those who bought the shares at the right price will benefit from the buyback activities. He also said that his shareholders will continue to save and get rich through income.

Apart from this, Warren Buffett has said that young investors should start their investment journey as soon as possible and once a few stocks are successful, miracles will happen in the portfolio. In reference to this, Warren Buffett said that after the flowers bloom, the weeds wither.