Peter Buffett didn't do the predictable rich kid thing. At 19, the youngest son of Warren Buffett cashed out his $90,000 inheritance — Berkshire Hathaway stock, no less — and walked away from business school to chase a music career.

American Express (NYSE: AXP) has perhaps the best combination of growth and asset quality in the financial industry. Its 2% net charge-off rate is about one third of what Capital One (NYSE: COF) and other peers report, and the 30-day delinquency rate is less than half of the industry average.

Berkshire Hathaway didn’t just report earnings this quarter; it sent a clear message. In Q2 2025, Warren Buffett’s timeless investment firm posted $12.37 billion in net earnings to shareholders, down sharply from $30.3 billion in the year-ago period.