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Warren Buffett's final shareholder letter [pdf]

berkshirehathaway.com

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Re: Warren Buffett's final shareholder letter [pdf]

#111

Post by fruitworks »

formerly_proven wrote: post #93
SoftTalker wrote: post #48

Earlier quoted context omitted.

They hoard instinctively. They can't count; they don't have a sense of "this is enough." They hoard until it gets too cold, then they hibernate/hunker down until it gets warm.

Squirrels don't really hoard in the sense trillionaires do ("gathering a great quantity for one's own private collection"), they take seeds and bury them all over the place, which is meaning #2 in the dictionary ("save in one's mind for a future need or use"). The squirrel and other animals eat them later, the 50+% nobody finds to eat can take root. That way, squirrels play an important role in seed dispersal for man…

you're splitting hairs. Squirrels evolve to save more food for themselves, everything else is an accident

Re: Warren Buffett's final shareholder letter [pdf]

#112

Post by SilverElfin »

7thpower wrote: post #84
SilverElfin wrote: post #61

Earlier quoted context omitted.

Ask the railroad workers of BNSF about Buffet’s “integrity”. He’s responsible for them being rampantly abused. If you’re not familiar look up interviews with actual workers. They are asked to work insane hours and with little scheduling, and are unpaid when they’re waiting around. The (local) monopolization of the rail industry and constant lobbying against regulations by Buffet’s minions have let this continue to th…

The BNSF people I’ve talked to have all told me about how much they’ve loved their jobs and what their jobs allowed them to do, including adopting children from Ukraine and get them out of a war zone. Maybe you should talk to more people. The people to blame for the predicament of the US auto industry are the.. US auto industry. Perhaps turning every vehicle into a luxury car and getting rid of affordable vehicles is…

> BYD is a fantastic investment, they are not undermining us

My point is that Buffet spent his fortune earned in America, on undermining America and its allies. He has effectively given a strategic boost to the CCP and its past and future abuses.

> including adopting children from Ukraine and get them out of a war zone. Maybe you should talk to more people.

Is this AI?

Re: Warren Buffett's final shareholder letter [pdf]

#113

Post by SilverElfin »

bawolff wrote: post #64
SilverElfin wrote: post #61

Earlier quoted context omitted.

Ask the railroad workers of BNSF about Buffet’s “integrity”. He’s responsible for them being rampantly abused. If you’re not familiar look up interviews with actual workers. They are asked to work insane hours and with little scheduling, and are unpaid when they’re waiting around. The (local) monopolization of the rail industry and constant lobbying against regulations by Buffet’s minions have let this continue to th…

> Let’s not forget Buffet also funded BYD significantly and is responsible for their growth, What is this weird nationalism? Investing in a company from a foreign country does not make you a bad (or good) person. There is no moral duty to make your own country the most economically powerful one.

> Investing in a company from a foreign country does not make you a bad (or good) person. There is no moral duty to make your own country the most economically powerful one.

Maybe you don’t agree, but I think there is a moral duty to not make the literal enemies of the free world into a superpower. Do you think the Chinese government believes in basic human rights like free speech? No. Buffet could have invested in many other countries. He chose China because he doesn’t have the moral compass he pretends to have.

Re: Warren Buffett's final shareholder letter [pdf]

#114

Post by pjc50 »

surajrmal wrote: post #103
skinnymuch wrote: post #94

Earlier quoted context omitted.

Are you in America? No one in the Us military is giving up lives to keep citizens safe. For other countries, it’s because the nation state is the current agreed upon divider for certain things like borders. To moralize nationalism is weird and anti-humanity.

What are they giving up their lives for? American soldiers die in duty every year.

Like the arbitrary bombing of Venezuelans, this isn't to make Americans safer but to make other countries more dangerous.

Re: Warren Buffett's final shareholder letter [pdf]

#115

Post by [deleted] »

SilverElfin wrote: post #113
bawolff wrote: post #64

Earlier quoted context omitted.

> Let’s not forget Buffet also funded BYD significantly and is responsible for their growth, What is this weird nationalism? Investing in a company from a foreign country does not make you a bad (or good) person. There is no moral duty to make your own country the most economically powerful one.

> Investing in a company from a foreign country does not make you a bad (or good) person. There is no moral duty to make your own country the most economically powerful one. Maybe you don’t agree, but I think there is a moral duty to not make the literal enemies of the free world into a superpower. Do you think the Chinese government believes in basic human rights like free speech? No. Buffet could have invested in m…

[deleted]

Re: Warren Buffett's final shareholder letter [pdf]

#116

Post by blitzar »

IncreasePosts wrote: post #16
nocoiner wrote: post #9

Earlier quoted context omitted.

It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

It originated as a brag - a basketball player said it like "I am 6' 7", therefore I am a high quality male and women should reproduce with me". Then shorter people picked up on it

lol, they dont get it

6 7

Re: Warren Buffett's final shareholder letter [pdf]

#117

Post by epolanski »

postalcoder wrote: post #98
ProllyInfamous wrote: post #41

>Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior. >I write this as one who has been thoughtless countless times and made many mistake…

Warren Buffett is a great investor but nobody in finance buys his folksy image. Everybody knows he's an animal. I heard from folks in the room that the way 3G and Buffett came in to do layoffs at Tim Hortons was one of the most cold blooded things they've ever seen.

He's donated, already, the equivalent of 200+ billions USD (give or take 420M class B shares).

Say what you want, but the list of billionaires who have donated such large amounts of money while still alive (or dead) is small.

Cherry picking events like layoffs, without truly knowing how much was he involved (Berkshire directors notoriously enjoy lots of autonomy) or if the layoffs made sense, etc, seems a stretch when we're drowned with sociopath world-ruling-ambitious CEOs, from Musk to Altman, through Thiele.

Re: Warren Buffett's final shareholder letter [pdf]

#118

Post by piltdownman »

b3lvedere wrote: post #96
ProllyInfamous wrote: post #41

>Greatness does not come about through accumulating great amounts of money, great amounts of publicity or great power in government. When you help someone in any of thousands of ways, you help the world. Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior. >I write this as one who has been thoughtless countless times and made many mistake…

"Keep in mind that the cleaning lady is as much a human being as the Chairman." Keep also in mind that the cleaning lady and the receptionist usually know way way more about the insides of a company than an entire board of directors and managers ever will. It is also extremely beneficial to your own health to be nice and friendly to the people who clean, prepare your food and aid your medical well being. They will re…

//Keep also in mind that the cleaning lady and the receptionist usually know way way more about the insides of a company than an entire board of directors and managers ever will.

In Buffet's time maybe. Nowadays the sanitation staff more likely to be a contractor from some form of MSP on an exploitative contract with a 3-6 month lifespan. All the more reason to be nice, but don't expect an 'Inside Baseball' level of insight. That sort of thing is generally the realm of Executive Assistants in contemporary offices.

Re: Warren Buffett's final shareholder letter [pdf]

#120

Post by b3lvedere »

piltdownman wrote: post #118
b3lvedere wrote: post #96

Earlier quoted context omitted.

"Keep in mind that the cleaning lady is as much a human being as the Chairman." Keep also in mind that the cleaning lady and the receptionist usually know way way more about the insides of a company than an entire board of directors and managers ever will. It is also extremely beneficial to your own health to be nice and friendly to the people who clean, prepare your food and aid your medical well being. They will re…

//Keep also in mind that the cleaning lady and the receptionist usually know way way more about the insides of a company than an entire board of directors and managers ever will. In Buffet's time maybe. Nowadays the sanitation staff more likely to be a contractor from some form of MSP on an exploitative contract with a 3-6 month lifespan. All the more reason to be nice, but don't expect an 'Inside Baseball' level of…

Oh i was not referring to corporate or investments strategies here. I was talking about what is actually going on inside the building and who hates who. Always assume the highest-ups hate everything and each other, it is all fake, ever.
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