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Warren Buffett steps down as Berkshire Hathaway CEO after six decades

latimes.com

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Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#2

Post by ravenstine »

I wonder how this will affect BRK-B, given that so many investors (or at least the "retail " ones) buy its shares with the assumption that they provide exposure to Buffett's strategy.

In any case, I hope Warren can experience not working at all in the few years he likely has left after being alive for over 1/3 of his country's existence!

Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#4

Post by mothballed »

I can't help but wonder if Buffett's dividend focused strategy will continue to be a successful approach in the future. Buffett is no slouch, but seems to have fallen behind relatively unsophisticated investors like Musk and Zuckerburg as time went on and they focused on valuation more than returns/profit.

Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#5

Post by themafia »

mothballed wrote: post #4

I can't help but wonder if Buffett's dividend focused strategy will continue to be a successful approach in the future. Buffett is no slouch, but seems to have fallen behind relatively unsophisticated investors like Musk and Zuckerburg as time went on and they focused on valuation more than returns/profit.

> relatively unsophisticated investors like Musk and Zuckerburg

They're sophisticated government contractors. They've insulated themselves from the wiles of the market.

Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#6

Post by satvikpendem »

kwanbix wrote: post #3

I will never undertand this people that live all their life working, when they clearly have the chance to retire much sooner. I will retire right away if I had 10 millions. Maybe 50 millions if I was younger than 40.

Their work is their enjoyment. Buffett would've been investing even in "retirement," so to him, work and retirement are functionally the same.

Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#7

Post by RealityVoid »

kwanbix wrote: post #3

I will never undertand this people that live all their life working, when they clearly have the chance to retire much sooner. I will retire right away if I had 10 millions. Maybe 50 millions if I was younger than 40.

This is merely your failure to imagine it. Maybe they enjoy it, maybe they have a specific goal they want to achieve, have some sort of obsession, maybe they feel duty to all the people they lead and relie on them, think they are making the world better so they feel compelled to continue working, are mad with power and enjoy lording over other people. There are many many reasons why one would work after being financially secure, and they're all equally valid as a personal motivator.

And, anyways, I think you say this now, but if you were to get those 10 millions you would probably change your tune. A lot of people would find some other project to dedicate their energy. Especially the kind of people that make stuff happen.

Re: Warren Buffett steps down as Berkshire Hathaway CEO after six decades

#9

Post by bayarearefugee »

mothballed wrote: post #4

I can't help but wonder if Buffett's dividend focused strategy will continue to be a successful approach in the future. Buffett is no slouch, but seems to have fallen behind relatively unsophisticated investors like Musk and Zuckerburg as time went on and they focused on valuation more than returns/profit.

Buffet's strategy assumes a rational market, so I wouldn't expect it to work as well in an environment where stock market valuations are increasingly vibes-based and often wildly inflated by circumstances that should be illegal (like selling X to xAI to generate a voodoo valuation).

Arguably the entire market is heavily overvalued now, though, so while his strategies are probably no longer optimal, they'll probably continue to work out well enough at least until the next big correction.

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