101–110 of 454 posts
Wow, I knew he was old, but had no idea he wasn't well. Aftermarket movement of BRK.A/BRK.B seems to be muted, so I guess right now investors aren't too worried about the future of Berkshire.
No 99-year-old is "well" in absolute terms. A 99-year-old US man has only about a 66% chance of reaching 100: https://www.finder.com/life-insurance/odds-of-dying . A 95-year-old man has about a 16.5% chance of reaching 100, so he'd already done pretty well.
Earlier quoted context omitted.
> Every financial advisor and 401k plan recommends index funds by default, and it is how the vast majority of people and organizations store their wealth. It doesn't need any more cheerleaders or icons. It had simply become synonymous with investing at large. This is passive investing, not value investing. Value investing is very much active investing, otherwise how would you select the undervalued assets? Value inve…
How is that different from just… normal investing?
Value stocks are by definition boring and unknown. Think iron ore mines, regional banks, house builders, carpet makers, and other yawn-fest-profit-machines.
Earlier quoted context omitted.
You have to remember that Bogle/Munger/Buffet all gained prominence when value investing wasn't a thing and investing of any kind was wildly out of reach for the common man. Today anyone can go online and buy VTI in minutes. Every financial advisor and 401k plan recommends index funds by default, and it is how the vast majority of people and organizations store their wealth. It doesn't need any more cheerleaders or i…
> Every financial advisor and 401k plan recommends index funds by default, and it is how the vast majority of people and organizations store their wealth. It doesn't need any more cheerleaders or icons. It had simply become synonymous with investing at large. This is passive investing, not value investing. Value investing is very much active investing, otherwise how would you select the undervalued assets? Value inve…
Earlier quoted context omitted.
Diet of coca-cola, sweets and dry humor.
i find it funny how the bryan johnsons of the world take like 123 pills every day and optimize all the fun out of life and we still dont really really know if it works or not and then old geezers like munger and buffett do whatever the hell they want and outlive everybody
Thanks Charlie your wisdom and clear thinking. I hope I learnt something from your writings.
You will be missed.
Earlier quoted context omitted.
A man who fell to his own hubris?
Would you say that about Stanley Kubrick who died even younger and wanted exacting specs? https://old.reddit.com/r/StanleyKubrick/comments/11dqr7m/_/j... If it's from rich people it's hubris. If someone less famous who got what they wanted it's cool.
Whenever I want to give an example about American capitalism...I always look to Buffett and Munger as examples. These are people who invested and created long-term value for shareholders, building up economies along the way. The antithesis of crypto bros selling tulip bubbles and some tech companies selling overpriced stocks based on hype. We need more Mungers in the world as the current gen die of old age.
Not directly comparable to crypto but an alternate method of investment.
Earlier quoted context omitted.
Imagine taking on $50k in student loans to live in a windowless room
"Imagine taking out much smaller student loans, to live in a space with vastly improved common areas, and having your own isolated space to sleep instead of having to share it with 1-2 others." To be clear, I think the building is awful and fails at most of its stated goals, but I think the goals themselves were solid.
My eyes popped the first time I learned what my American colleagues paid for their education.
Whenever I want to give an example about American capitalism...I always look to Buffett and Munger as examples. These are people who invested and created long-term value for shareholders, building up economies along the way. The antithesis of crypto bros selling tulip bubbles and some tech companies selling overpriced stocks based on hype. We need more Mungers in the world as the current gen die of old age.