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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

#261

Post by mitthrowaway2 »

paulpauper wrote: post #92
riffraff wrote: post #5

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

Munger was still going strong at 99, good genes both of them, i guess

I met a lady in her 90s who looks and acts the same age as her daughter, who is in her 60s. She lives independently, talks quickly, walks without a cane, and has a generally youthful appearance and demeanor.

I asked what her secret is to aging so well. "I don't know, just don't have any health issues, I guess", she said.

Maybe if you can make it that long without encountering Alzheimer's, Parkinson's, cancer, heart disease, osteoporosis, arthritis, or various other major issues... then you basically have a decent shot at still being fine and healthy at 94.

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

#263

Post by riffraff »

FirmwareBurner wrote: post #135
thi2 wrote: post #54

Earlier quoted context omitted.

That has to be about a different Angela Merkel, the one I know had one priority: preserving status quo.

Which recent German politician in power wasn't about preserving the status quo? The entire country and culture is all about the status quo.

I'm. It sure of the "recent" definition but Schroeder's tenure brought a lot of changes (which one can argue against, but it was not conservative).

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

#264

Post by riffraff »

paulpauper wrote: post #92
riffraff wrote: post #5

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

Munger was still going strong at 99, good genes both of them, i guess

Yeah I wonder how much of Buffet's decision to quit is just that it's less "fun" to be doing this without Munger.

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

#265

Post by y-curious »

cyanydeez wrote: post #171
havaloc wrote: post #165

94 years of age isn't too bad for someone who is a legendary Coke drinker - five cans a day! https://markets.businessinsider.com/news/stocks/warren-buffe...

I'm guessing the real problem is he's irrationally bullish on the US stock market when there's no sane reason to be.

I wish there was a way for me to automatically show you this post in 10 years in a smug and hostile fashion

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

#267

Post by riffraff »

Panzer04 wrote: post #210
TeaBrain wrote: post #144

Earlier quoted context omitted.

>The only unique thing about America is free markets This is less unique than the dollar being the dominant reserve currency and dominant currency for settling international trade.

And why do you think the dollar is dominant in international trade? You appear to be putting the cart before the horse.

Because of the bretton woods accords.

And those were not based on free market choices, as the UK would have been just as much free, but it was a devastated economy in a small country.

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

#268

Post by philipov »

arrosenberg wrote: post #234
karaterobot wrote: post #220

Earlier quoted context omitted.

I'm not clear how this represents him not being pragmatic, could you say more?

Deteriorating conditions for the working class are the main driver of our push toward authoritarian government. A pragmatist would have been more sympathetic for reasons beyond pure capitalist economics.

You are speaking as if there is a single objective agreement between people on what constitutes the most pragmatic answer. There is no such agreement. The foundation of liberalism is that we can not agree on first principles. An authoritarian crackdown is just as much an expression of pragmatism if the actor believes they can win.

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

#269

Post by riffraff »

WalterBright wrote: post #229
mmooss wrote: post #226

Earlier quoted context omitted.

They also get that way by inheriting wealth, by buying favorable laws and regulations, by anticompetitive practices (we've seen a few in the IT sector), and by other problematic behavior. I agree that free markets are great in principle but your comments seem dogmatic - all free markets and only free markets. The conversation would be much more interesting if it was about the nuances.

> They also get that way by inheriting wealth, Then their parents must have been billionaires, generating it with investments. If the inheritors divest from those investments, then they incur enormous income taxes. So it's likely to stay. > by buying favorable laws and regulations, Then it's not free market. There is no government system that is immune from buying influence and corruption. > by anticompetitive practi…

> the inheritors divest from those investments, then they incur enormous income taxes.

But isn't this sidestepped buy the "buy, borrow, die" approach, often criticized?

https://www.theatlantic.com/economy/archive/2025/03/tax-loop...

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

#270

Post by bloppe »

WalterBright wrote: post #127
terribleperson wrote: post #101

Earlier quoted context omitted.

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.

https://en.m.wikipedia.org/wiki/Exorbitant_privilege

Not sure is this is what OP meant, but it's a huge advantage that the current administration seems bent on getting rid of

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