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Warren Buffett steps down as Berkshire Hathaway CEO after six decades

latimes.com

61–70 of 612 posts

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

#61

Earlier quoted context omitted.

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 financi…

> sort of obsession That doesn't sound very positive to me. Perhaps OP has a point

I am one of the person who, if they got 40 mil USD tomorrow, would just work much harder on stuff I like to work on (which is making open source software sustainable in robotics), because I would have to spend less time have to take care about the economics of daily life. I could get a chef to cook me personalized healthy meals. I could have a mini-gym at home (which is not that expensive to be honest).

but I could get a home near a major airport like 10 mins from SFO, and so with working out and eating consuming 4 hours and sleeping 6 hours a day and 2 hour of spouse time. I legit have 12 hours a day to work everyday. I could easily do that in a sustainable manner 6 days a week, and spending Sunday relaxing by helping out in my parent's farm and then relaxing in the evening before going back to work next week.

Seems like an ideal life for me. The only difference from today is the extra 3 hours I spend in traffic and an average 1 hour daily in running errands. And extra work on Saturday like fetching groceries, looking after my home, fixing stuff etc.

If I get money, I could save that 4 hour of my life and dedicate it to working on something I really like.

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

#62
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 like to say if I could retire today; I would do the same thing I do now, just without a boss telling me to do it. I love what I do.

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

#64

Earlier quoted context omitted.

Sorry, a person who life is built around greed is no hero.

Actualy, he didn't. He's probably the one billionaire alive today for which you could not make that case. I know of one other (but he's dead).

He was greedy when others were fearful ;)

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

#65

Driving 7 minutes to work and stopping at a drive-thru to pick up McDonalds breakfast every day. The man is a true American hero.

Sorry, a person who life is built around greed is no hero.

Mostly true, compared to other billionaires he's a much better flavor and a stronger record of appearing human but still, agree. I'd recommend reading The Snowball for a more complete understanding of him.

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

#66

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.

If it's undervalued it should be worth more, no?

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

#67
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 would probably be Software Engineering even if my employer didn't pay me to. As evidence, note that it's new year's eve and I'm writing patches (and waiting for tests) during my holidays for someone else's FOSS project I'm contributing to :).

I my employer didn't pay me, I'd stop working on their projects. But in the meantime, I enjoy my profession (at least most of the time) and get paid. If I had enough money then I'd stop working on what my management wants and work on stuff that I want to work on. And I have to imagine that at this point, Buffet is also doing whatever he wants to.

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

#68

Earlier quoted context omitted.

Actualy, he didn't. He's probably the one billionaire alive today for which you could not make that case. I know of one other (but he's dead).

> He's probably the one billionaire alive today for which you could not make that case. Is this Stockholm Syndrome?

Very likely. Billionaires can afford to cultivate a persona for the masses. It’s so odd when the majority actually buy it.

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

#69
post #66

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.

If it's undervalued it should be worth more, no?

Is Intel undervalued? Should Intel be worth more? Intel is an example of a company that I had in mind.

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

#70
post #63

Driving 7 minutes to work and stopping at a drive-thru to pick up McDonalds breakfast every day. The man is a true American hero.

His whole "I love fast food and coca cola" thing is a fake persona

As a red blooded capitalist who loves this country as much as the next patriot, I can assure you admiration for fast food and coke is 100% real.
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