When Berkshire Hathaway's (BRK.A-0.22%) (BRK.B 0.04%) billionaire chief speaks, Wall Street wisely listens. That's because Warren Buffett has vastly outperformed the benchmark S&P 500 (^GSPC 0.52% ...

But after 34 years and approximately 42,000 clinical hours of listening to counseling clients, I can assert that "fair" is the four-letter word that quietly wrecks relationships. Please hear me out.

Warren Buffett's Annual Letter Shares 4 of the Most Chilling Words Investors Will Ever Witness. Sean Williams . Updated Fri, Feb 28, 2025, 8:24 AM 6 min read. In This Article: ^GSPC .