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Warren Buffett's final shareholder letter [pdf]

berkshirehathaway.com

11–20 of 216 posts

Re: Warren Buffett's final shareholder letter [pdf]

#11
post #9

Earlier quoted context omitted.

What's the meme?

It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

https://en.wikipedia.org/wiki/6-7_(meme)

Re: Warren Buffett's final shareholder letter [pdf]

#13
post #9

Earlier quoted context omitted.

What's the meme?

It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

I don't get it either but me using it is a great way to annoy my kids.

Re: Warren Buffett's final shareholder letter [pdf]

#15

What are the odds of all these hugely successful people living a stone's throw from each other in middle of nowhere Nebraska? Obviously there is something going on there, magic, lots of minerals in the water, something...

Maybe it just shows that opportunity is the most important aspect of (some measure of) success. It's not that these were one in a billion folks. Maybe buffett himself was one in a billion, and by just giving the normies around him opportunities, many of them made something massive out of it

Re: Warren Buffett's final shareholder letter [pdf]

#16
post #9

Earlier quoted context omitted.

What's the meme?

It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

It originated as a brag - a basketball player said it like "I am 6' 7", therefore I am a high quality male and women should reproduce with me". Then shorter people picked up on it

Re: Warren Buffett's final shareholder letter [pdf]

#17

If you are younger than 95, you are richer than Warren. Time is our finite resource and I'm sure he would give anything to trade places with you. Spend your riches wisely.

A 25-30 year old man with all the accumulated wisdom and life experiences of a 95 year old highly successful man… would literally have opportunities worth many trillions of dollars?

Because they would literally be multiple times better than the next most competent person on Earth of a similar age, and literally dozens of times better than even the median unicorn founder.

So it seems like a given that the relatively paltry sum that Berskhire controls would be insignificant in comparison.

Re: Warren Buffett's final shareholder letter [pdf]

#18

Here's a person with integrity. They're very rare these days, especially amongst the wealthy.

He definitely wants us to think that about his integrity, his fans even more so and in fairness, he's pretty good. Not quite the sunday-school capitalism perfection that some would have us believe. Which can grate a bit if you've looked in detail at his career.

Re: Warren Buffett's final shareholder letter [pdf]

#19

If you are younger than 95, you are richer than Warren. Time is our finite resource and I'm sure he would give anything to trade places with you. Spend your riches wisely.

A 25-30 year old man with all the accumulated wisdom and life experiences of a 95 year old highly successful man… would literally have opportunities worth many trillions of dollars? Because they would literally be multiple times better than the next most competent person on Earth of a similar age, and literally dozens of times better than even the median unicorn founder. So it seems like a given that the relatively p…

With all due respect, I think your analysis is wrong. He points out how much luck plays into everything and so even if someone younger with 95 year experience came out I think he'd point out that in the end there's an element of luck to everything. The world isn't deterministic.

Re: Warren Buffett's final shareholder letter [pdf]

#20
post #9

Earlier quoted context omitted.

What's the meme?

It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

It’s the Waaaasssssuuuupppp of the Gen Alpha.
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