Wow, not sure why this surprises me, but I guess I figured he would be like Charlie and keep working until he passed.
You want an orderly succession.
Buffett to step down following six-decade run atop Berkshire
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Re: Buffett to step down following six-decade run atop Berkshire
#12Earlier quoted context omitted.
I would assume this means that he is not in great health. Hopefully I'm wrong and he just decided that 85 years or so of hustling for dollars was enough.
At 94, if he had a health concern, I don't think he'd be planning out 7 months for stepping down.
I heard he has a knack for prediction. Pair that with advantageous events (or prior to) and 7mo ahead is the result of a calculation.
Re: Buffett to step down following six-decade run atop Berkshire
#13And now after decades of stock buybacks, quantitative easing and other mad financial manipulation, comes again the time for value investors, and he leaves?! :)
What are you trying to say? It's not clear at all.
Just finding it mildly amusing to consider that in the messed up economics we are entering with Trump, there may be a shift to value investing, something I have always associated with Buffett.
Re: Buffett to step down following six-decade run atop Berkshire
#14And now after decades of stock buybacks, quantitative easing and other mad financial manipulation, comes again the time for value investors, and he leaves?! :)
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Re: Buffett to step down following six-decade run atop Berkshire
#15And now after decades of stock buybacks, quantitative easing and other mad financial manipulation, comes again the time for value investors, and he leaves?! :)
They have like half a trillion in cash on the balance sheet. I'm sure they're going to scoop up a bunch of value in the coming years. Whoever takes over has a hell of a war chest to work with.
Re: Buffett to step down following six-decade run atop Berkshire
#16I always run across great quotes from Warren Buffett, but I never spent any time actually reading any of his writings or anything written about him. What's the best place to start to absorb some of his wisdom? Anything that's applicable to startups, tech, and life in general, beyond being the CEO of a holding company?
Re: Buffett to step down following six-decade run atop Berkshire
#17It's kind of a damn shame a man like that was not tapped for any major economic position in the government. I don't know how men like Peter Navarro got so far. In a sense, all the money in the world didn't actually fulfill his true potential, and I say that with the utmost respect.
Re: Buffett to step down following six-decade run atop Berkshire
#18And now after decades of stock buybacks, quantitative easing and other mad financial manipulation, comes again the time for value investors, and he leaves?! :)
What are you trying to say? It's not clear at all.
Pretty clear and funny to me. Not sure how to explain it without just repeating the same thing.
It seems the markets will soon go through a period when Buffet's approach will work best, which makes it an inoportune moment for him to retire. Of course at his age retirement is expected, maybe even inevitable - that's the joke.
Re: Buffett to step down following six-decade run atop Berkshire
#19The Mahathir bin Mohamad of the financial world
Re: Buffett to step down following six-decade run atop Berkshire
#20I always run across great quotes from Warren Buffett, but I never spent any time actually reading any of his writings or anything written about him. What's the best place to start to absorb some of his wisdom? Anything that's applicable to startups, tech, and life in general, beyond being the CEO of a holding company?
Not by Buffett, but you'll love Poor Charlie's Alamanack, by Charlie Munger, his lifelong business partner.