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Buffett to step down following six-decade run atop Berkshire

bloomberg.com

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

#121

Post by WalterBright »

chgs wrote: post #107
ianbutler wrote: post #88

Earlier quoted context omitted.

Going to need a huge citation on this one.

it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God

There are many interpretations of that line, and without the context it is in it is difficult to see which one is correct.

Here's one:

"Jesus' statement highlights the principle that salvation is a gift from God, not earned through good deeds or accumulated wealth. It emphasizes the need for humility and faith, rather than relying on material possessions or social standing."

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

#123

Post by Ekaros »

KajMagnus wrote: post #110
nly wrote: post #98

Earlier quoted context omitted.

And the best healthcare money can buy anywhere in the world.

Doctors aren't that useful, unfortunately

Yeah, quality years at end of life are not solved problem even for the rich. Being this active must be genetic.

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

#124

Post by [deleted] »

heresie-dabord wrote: post #28
riffraff wrote: 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…

[deleted]

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

#125

Post by neom »

kinnth wrote: post #37
heresie-dabord wrote: post #28

Earlier quoted context omitted.

> 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 o…

Measured governance. I feel the same, although I'm sure the Europeans and Germans not at all, but they also talked Angela out of nuclear, so one might argue the Germans are a bit too measured compared to their Chancellor.

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

#126

Post by bamboozled »

apexalpha wrote: post #82

I’m not sure if it’s originally his but a small talk by him about getting a car made an impression on me and since watching it it’s become a good motivator to stay in shape. This seems like a good moment to share it. https://youtu.be/0fMRHpguTPM?si=75lLHzDynMCKhT9H

Real talk.

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

#127

Post by WalterBright »

terribleperson wrote: post #101
sillysaurusx wrote: post #97

Earlier quoted context omitted.

I’m a bit slow in this field. Could someone explain how this quote relates to tariffs? I’ve re-read it three times now, looking for the connection to a tax on imported goods, but I just can’t see it. I think it’s saying that the US population is crowing about how well we’ve done, and so we should be able to tax whatever imports we want? But what an odd way to say that if so. How well we’ve done seems completely unrel…

Part of the justification for tarriffs is that America is somehow being 'taken advantage' of by the rest of the world and the tarriffs are the rest of the world finally paying their fair share. The reality is that (until now) America has had a uniquely privileged position in the world economy that got America, in general, very beneficial trade deals. He's commenting on the attitude driving the tariffs.

Uniquely privileged position?

The only unique thing about America is free markets. Any country can become highly successful by enacting free markets. The only thing in the way is their disbelief that they work.

There's a common thread across the world and history. The more free market a country is, the more it prospers.

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

#128

Post by khazhoux »

For all I've heard about WB the last few decades, I couldn't tell you a single thing he's done that's impacted my life, the country, or the world. AFAIK he's a guy who makes a ton of money, plays bridge with Bill Gates, gives advice, and has a fund that made money for other people. Am I missing something?

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

#129

Post by impossiblefork »

fifilura wrote: post #47
kinnth wrote: post #37

Earlier quoted context omitted.

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 o…

It is ok, I understand how you are thinking. But unfortunately I think Merkels legacy will be "Wandel durch handel". Trying to pacify Russia and Putin through increasing trade. Did not work.

It doesn't have to have been totally wrong always, but it's certainly been wrong at least since the invasion of Georgia in 2008.

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

#130

Post by Animats »

8f2ab37a-ed6c wrote: post #16

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?

"The Intelligent Investor", by Benjamin Graham. He was Buffett's mentor, and contributed to that book. It's straight value investing. Never buy a startup.

There are biographies of Buffett. I read one of them years ago. It goes into great detail about the early deals that got him started. I never did quite understand the deal that moved him into the big leagues, the takeover of GEICO insurance.

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