Warren Buffett isn’t just retiring — an era in capitalism is. For six decades, the Oracle of Omaha out-performed hedge-fund prodigies, shrugged off recessions, and built a trillion-dollar empire armed with patience, discipline, and a famously simple rulebook. But before the violins start: this isn’t mythology. Buffett got things wrong — tech, airlines, timing — and he owned his mistakes. And maybe that’s the real lesson: wealth compounds, but character compounds faster. Palki Sharma breaks down the five biggest lessons from Buffett’s legendary shareholder letters.