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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

#31

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?

Somewhat dated (10 years old), but a classic and probably the best single place to get started:

https://www.amazon.com/Essays-Warren-Buffett-Lessons-Corpora...

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

#32

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?

Beside the various books he’s written, there’s also his writing on Berkshire Hathaways’ website: https://www.berkshirehathaway.com/

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

#33
Buffett worked, at least informally, with the Obama administration on some financial policy issues. And he is a proponent of greater taxes on the very rich. Here's one short video (2:46) in which he talks about it:

https://www.youtube.com/watch?v=VJzTsTU1xL8

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

#34

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?

Beside the various books he’s written, there’s also his writing on Berkshire Hathaways’ website: https://www.berkshirehathaway.com/

He didn't write a book. Maybe he will now he has more time.

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

#35
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…

[flagged]

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

#36
post #34

Earlier quoted context omitted.

Beside the various books he’s written, there’s also his writing on Berkshire Hathaways’ website: https://www.berkshirehathaway.com/

He didn't write a book. Maybe he will now he has more time.

You’re right. I stand corrected.

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

#37
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…

Buffet reminded me a lot of Angela Merkel.

They stood clearly and simply for good moral judgment, fair systems and looked at the bigger picture to carry most people forward. They also based all their decision in facts, truth and science. They learn't their trades (economics & politics) over time and weren't afraid to adapt as times changed.

Their slow and steady presence did more for equality and fairness than many others. We will need to find these values again after the current times have played out.

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

#38
post #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 any…

Also buffet on tariffs (2003)

https://www.berkshirehathaway.com/letters/growing.pdf

Though he makes the distinction between "import certificates" and Trump's version of tariffs.

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

#40
post #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 any…

Buffett actually does share a fear of trade deficits, though. His proposed solution, as an alternative to tariffs, were "import certificates"-essentially a marketable credit required to import goods. These would be earned via exports by exporters, be freely priced and traded, and would essentially bind import levels to export levels.
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