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Warren Buffett steps down as Berkshire Hathaway CEO after six decades

latimes.com

121–130 of 612 posts

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

#121
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.

Warren Buffett also retried at a younger age. In a 1969 letter to partners he wrote, “I intend to give all limited partners the required formal notice of my intention to retire”. But life had other plans…

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

#122

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.

Buffet is not a good guy. Our society’s greatest problem right now is concentrated corporate power being used to destroy the ability of working people to prosper.

Buffet had an active and direct role in making this happen. He supported and advocated for monopoly, and profited from it.

He lived a lavish life that included opulent mansions and private jets, and used his resources to deftly drive a media narrative of himself as a regular guy, with apparent success as your post demonstrates.

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

#123
post #122

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.

Buffet is not a good guy. Our society’s greatest problem right now is concentrated corporate power being used to destroy the ability of working people to prosper. Buffet had an active and direct role in making this happen. He supported and advocated for monopoly, and profited from it. He lived a lavish life that included opulent mansions and private jets, and used his resources to deftly drive a media narrative of hi…

[flagged]

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

#124

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.

I respect Buffett greatly on a professional level, and think it's the height of arrogance to believe any one of us personally has the moral right to decide which level of lawful activity becomes turpitudinous greed.

THAT SAID...

My uncle (he's 98) had a passing acquaintance with Buffett during their overlap at Penn, and in the one econ class they shared, he remarked having heard Buffett say in almost salivating eagerness as he rubbed his hands that if only there could be another Great Depression, he would make a killing. The dude has value investing in his DNA beyond anything else, I truly believe. But he's argued for changing complex and unfair taxation, and always been a good citizen as far as I can tell. I think if all of Wall Street were like him, the world would be a much better place.

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

#125
post #122

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.

Buffet is not a good guy. Our society’s greatest problem right now is concentrated corporate power being used to destroy the ability of working people to prosper. Buffet had an active and direct role in making this happen. He supported and advocated for monopoly, and profited from it. He lived a lavish life that included opulent mansions and private jets, and used his resources to deftly drive a media narrative of hi…

It's very obvious that some of the lesser plutocrats have public PR campaigns now. Zuck obviously got a stylist too.

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

#126
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 financi…

once someone is on top, they almost never give it up. how often does the king abdicate without being so ill he can’t continue?

Don’t apply the morality of a worker to a top capitalist

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

#127
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

Well, impossible to prove of course but it reminds me of Ingvar Kamprad (the man behind IKEA) who used to drive an old Volvo when in Sweden to appear as a "man of the people".

In fact he had his main residence in Switzerland and was filthy rich which is a bit of a hard swallow especially in Sweden, a country still very much affected by the "Law of Jante".

https://en.wikipedia.org/wiki/Law_of_Jante

A reporter that was doing a documentary about his wealth asked him once directly when stepping out of his old Volvo and Kamprad kinda lost it; it was a big kerfuffle at the time on the telly.

For those paying attention it was really revealing about the true nature of the man (let me add he was a young Nazi back in the day).

Most people came to his defense like the red-blooded capitalist gentleman commenting above about Buffet being a 100% American.

The older generation still swallow the farce hook, line and sinker. For the rest of us it's pretty clear it was a well thought-out facade to placate the plebeians to sell more cheap furniture.

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

#128
post #122

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.

Buffet is not a good guy. Our society’s greatest problem right now is concentrated corporate power being used to destroy the ability of working people to prosper. Buffet had an active and direct role in making this happen. He supported and advocated for monopoly, and profited from it. He lived a lavish life that included opulent mansions and private jets, and used his resources to deftly drive a media narrative of hi…

Not doubting you, but any specific examples of him supporting monopoly?

Or are you saying the general environment of high finance supports this?

No doubt he had more money than he needed but if this is referring to his preference for coka-cola and apple stock / any stocks with the ability to set their own prices because of market dominance, I feel like that’s not a totally fair criticism.

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

#129

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.

He is an _American_ hero

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

#130
post #122

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.

Buffet is not a good guy. Our society’s greatest problem right now is concentrated corporate power being used to destroy the ability of working people to prosper. Buffet had an active and direct role in making this happen. He supported and advocated for monopoly, and profited from it. He lived a lavish life that included opulent mansions and private jets, and used his resources to deftly drive a media narrative of hi…

Do you feel this way about all billionaires or is it something about Buffet?
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