Wars, recessions, political crises, market crashes. Warren Buffett’s advice on each of them

“Charlie Munger, Berkshire’s Vice Chairman and my partner, and I make few predictions,” wrote Warren Buffett in a letter to shareholders. “One we will confidently offer, however, is that the future performance of Berkshire won’t come close to matching the performance of the past.”It was an unusual admission: The future would not match the past. This was, however, not false modesty. It was simple arithmetic.Berkshire Hathaway’s net worth had