Warren Buffett, the billionaire investor of Berkshire Hathaway, is renowned for his wealth and investment acumen. Known for his wit and timeless advice, Buffett emphasizes the importance of patience, discipline, and luck in investing. During the Berkshire Hathaway Annual Meeting, Buffett highlighted the role of luck in his success, mentioning the need for perseverance and acknowledging the element of chance in achieving success. Despite his success, Buffett remains cautious about the market, sitting on $188 billion due to concerns about overvaluation and the potential for a market crash.