Farmer and philanthropist, Howard Buffett, son of legendary investor Warren Buffett, focuses on lasting investments in his personal portfolio. He told Yahoo Finance Executive Editor Brian Sozzi, “I probably haven’t traded a stock for years.” Nonetheless, he’s grateful for “the opportunity people have in this country to go out and be entrepreneurs, be innovators, [and] take risk.”

Watch the full interview here.

Video Transcript

Could Berkshire ever be replicated.

I, I see so many young adults, they want to create the next great A I company or social media platform.

But I don’t know why don’t they try to take a page out of Warren Buffett and try to create something lasting and durable and with competitive advantages like a Berkshire.

I mean, if, if I wanted to today, I mean, could I try to do something like that?

I think it would be hard.

But I mean, you know, I, I don’t, and, and I kind of follow the same rule in my personal life, which is, you know, how you just describe it.

I mean, I, I own a certain amount of stocks I don’t buy and trade.

I mean, I probably haven’t traded a stock for, I mean, years, you know, I, I just, I just, I, you know, I, I, if you can be reasonably smart about what you buy and then, you know, you hold it and look at the appreciation that we, we’ve had in the stock market, you know, and of course, we’ll have some adjustment at some point and everybody gets nervous and then it will come back.

But you know, you’re, you’re, you’re in a country that uh is really, um we may not be in the top in every category if you go down and you look at things and analytically.

But in terms of the opportunity people have in this country to go out and uh be entrepreneurs, be innovators, uh take risks um that still exists today just like it did 20 or 30 years ago.

I mean, we live in an amazing country that way.

I mean, we, we are, we, we are in a scary period in terms of where we are politically uh in, in terms of how polarized things are.

But, um, you know, the economy continues to move, move on and, and I think we’re very fortunate to be in a country that we are in.