Special topic: Live broadcast: Buffett's 2024 shareholders 'meeting hits heavily

Warren Buffett said Berkshire had avoided "fatal" wrong choices in making several major decisions over the years.

unbingo"Sometimes we make some big mistakes, but we've never made a fatal mistake," he said. He added: "From time to time, we still do something that really works."

Buffett also pointed out that Berkshire has currently accumulated US$571 billion in cash while avoiding some irreparable mistakes, which makes the company's cash flow far ahead of the second-ranked JPMorgan Chase.

"It really shows that if you keep saving over time and don't need any miracles, you can really do something," he said.