The company Berkshire Hathaway, founded by Buffett, has shown its annual investment returns from 1990 to 2025 for nearly 35 years. Over these three decades, its investment performance has exhibited a distinct characteristic of "long-term stable growth, but short-term volatility is severe." Overall, Berkshire has achieved extremely brilliant performance, recording positive returns in most years, demonstrating strong compounding growth ability. Especially in 1991, 1995, 1996, 1998, 2009, 2020, and 2024, the returns exceeded 40%, even reaching an astonishing 65% in 1991. These highlights greatly promoted the accumulation of long-term wealth. However, even investment masters like Buffett cannot avoid the baptism of market cycles. Several significant loss years are clearly visible in the chart, such as during the global financial crisis in 2008, when the company encountered a huge drawdown of 31%; additionally, losses of varying degrees were also seen in 1990, 2000, 2001, 2018, and 2022. This reaffirms the truth of investing: high returns must be accompanied by high volatility; there is no market that only rises without falling. This chart vividly depicts how a long-term investor, through decades of wind and rain, with outstanding stock selection ability and risk control, navigated through bulls and bears to ultimately achieve remarkable wealth appreciation.