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Warren Buffett steps down as Berkshire Hathaway CEO after six decades

latimes.com

31–40 of 612 posts

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

#31
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.

If you are really enjoying your life, why would you change it to something that you wouldn't enjoy?

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

#32
post #28
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.

I'm at that point now, debating when I'll retire. We only live once and I'm not sure if I should continue working. I've reached financial freedom at a pretty young age. It's a daily debate in my mind when to call it quits, but I've never not worked and it's difficult to make the change. What I'm missing in life is time and that's what work takes from me and is the driving force behind my desire to retire -- time to d…

If you don’t have family or kids do not stop working.

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

#33
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.

“Everything must end; meanwhile we must amuse ourselves.”

— Voltaire

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

#34
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.

Work life is quite a lot different for a working-stiff than it is for a CEO. In large part, their company is an extension of themselves. Work whatever hours you want to. Private plane to take you wherever you want to go for free, if you can come up with a work-related excuse to go there (with no need to justify not coming back for weeks). Multiple folks acting more-or-less as your personal assistants. An office bigger than your house, filled with anything you want in it, on the company's dime. A big pool of cash you can order the company to throw at whatever interests you. etc.

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

#35
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.

I agree with you. There are so many more worthwhile things to do than investing. I would also retire immediately with that kind of money and focus on creating real value in the world

That's a very selfish take.

For folks with the ability to make truckloads of money and then give it away to good causes, that is going to be the best choice v trying to add value in the world to make themselves feel better.

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

#37
post #12

Earlier quoted context omitted.

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 c…

“in the short run, the market is a voting machine… but in the long run, the market is a weighing machine.” Ben Graham

It seems like something is broken since TSLA (for example) has been completely divorced from fundamentals since at least 2020. The richest man in the world has the vast majority of his net worth derived from vaporware and straight up fraud. Still wondering when the "weighing machine" kicks in.

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

#38

I just asked ChatGPT what Warren Buffett's strategy is, and it said buying undervalued companies and holding for a long time. Is that true? I thought it's not a good idea to buy loser companies.

Undervalued, not underperforming. Companies that others overlook but have solid fundamentals and great strategy.

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

#39
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.

Retiring simply means doing something else. For him, whatever that was must have been less fun.

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

#40
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.

I agree with you. There are so many more worthwhile things to do than investing. I would also retire immediately with that kind of money and focus on creating real value in the world

Have you ever considered that some people enjoy investing?

Imagine if I said "there are so many more worthwhile things to do than painting" if some famous artist retired.

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