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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

#21

I 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?

Start here - The Superinvestors of Graham-and-Doddsville

https://business.columbia.edu/cgi-finance/chazen-global-insi...

Re: Buffett to step down following six-decade run atop Berkshire

#22
post #17

It'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.

Not convinced working for government is the best use of your potential, though considering he owns 5% of all US Treasury Bills, I wouldn't say his impact is any less than being a government employee.

Re: Buffett to step down following six-decade run atop Berkshire

#23

I 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?

His shareholder letters are on the Berkshire website and are excellent.

Re: Buffett to step down following six-decade run atop Berkshire

#24
Buffet on Tariffs

> “It’s a big mistake, in my view, when you have seven and a half billion people that don’t like you very well, and you got 300 million that are crowing in some way about how well they’ve done - I don’t think it’s right, and I don’t think it’s wise,” Buffett said. “The United States won. I mean, we have become an incredibly important country, starting from nothing 250 years ago. There’s not been anything like it.”

Re: Buffett to step down following six-decade run atop Berkshire

#25
post #3

Wow, not sure why this surprises me, but I guess I figured he would be like Charlie and keep working until he passed.

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.

There's video of his announcement.

https://www.cnbc.com/2025/05/03/warren-buffett-to-ask-board-...

On one hand, he doesn't sound that great (in terms of subtle overall health markers in his voice) when he talks.

On the other hand, he's 94 and most people (especially men) don't make it into their 90s, so...

Re: Buffett to step down following six-decade run atop Berkshire

#26
post #22
post #17

It'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.

Not convinced working for government is the best use of your potential, though considering he owns 5% of all US Treasury Bills, I wouldn't say his impact is any less than being a government employee.

> best use

Well I don't think him sitting on billions of dollars at 94 is better from a societal perspective.

Re: Buffett to step down following six-decade run atop Berkshire

#27
post #17

It'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.

> I don't know how men like Peter Navarro got so far.

It’s a weird story. IIRC in the run for president before trumps first term he sent Jared Kushner to find out about trade. Kushner browsed Amazon, looking at book covers, and picked Navarro’s book because he liked the title… and the rest is history

Re: Buffett to step down following six-decade run atop Berkshire

#28
post #5

He's 94 years old, it's honestly impressive he was still there. Still, end of an era.

> Still, end of an era.

That is an enormous understatement. At 94, Buffet has witnessed history and has represented a vision of betterment, a just society, and sound economic stewardship. These things were not and are not hallucinations.

But for many, it seems, the lessons about co-operation, stable economic growth. the sane application of democratic principles, and the rule of law must be learned again.

It's the end of an era bona fides and respect for truth and accountability as the structural integrity of democratic society.

Re: Buffett to step down following six-decade run atop Berkshire

#29
All that money and he's still a mortal just like the rest of us. I wonder if mega billionaires like him have done private research on life longevity, cryosleep, mind-upload, etc. It's the only useful thing they can do with that much money that directly benefits them. Anything else (legacy, influence, children, etc.) doesn't benefit them when they're gone.

Re: Buffett to step down following six-decade run atop Berkshire

#30
post #17

It'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.

He has been asked many times but was not interested.
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