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Earlier quoted context omitted.
Being genuine here - what is heroic about those two things?
It's just a sarcastic take. I wouldn't read into it too much. If it didn't make you grin like a goofball, it failed and you should just move on to the next comment.
We should never idolize a person (in my opinion). Here are some things Buffet has done that I admire (notice that phrasing): - He consistently communicated with shareholders of Berkshire in a straight-forward and transparent way in his letters and annual reports. If you read these documents, I believe that you will have a solid understanding of how he built Berkshire. - He maintained a disciplined approach to investi…
We should never idolize a person (in my opinion). Here are some things Buffet has done that I admire (notice that phrasing): - He consistently communicated with shareholders of Berkshire in a straight-forward and transparent way in his letters and annual reports. If you read these documents, I believe that you will have a solid understanding of how he built Berkshire. - He maintained a disciplined approach to investi…
Really makes me wonder what drives him. For many people it's the money, but with him it doesn't seem that way. But I haven't read too much about him, so if anyone has insight I'd love to hear about it.
Earlier quoted context omitted.
> He's probably the one billionaire alive today for which you could not make that case. Is this Stockholm Syndrome?
You ever see Good Will Hunting? The scene where he talks about where he can “just play” and then describes the most talented people in history at what they do. That’s Buffett in his chosen life’s work. Buffett didn’t get, for example, a small loan of a million dollars to start. He’s been working at this longer than probably anyone what will ever read this comment has been alive. He doesn’t care about the money in the…
Buffett started with 1.2 million dollars (105K in 1956) in investments from his family, i.e. his aunt, sister, and father in law.
It is very nearly impossible to get rich without starting with a huge chunk of money, Buffett is no exception.
I can't help but wonder if Buffett's dividend focused strategy will continue to be a successful approach in the future. Buffett is no slouch, but seems to have fallen behind relatively unsophisticated investors like Musk and Zuckerburg as time went on and they focused on valuation more than returns/profit.
Earlier quoted context omitted.
Being genuine here - what is heroic about those two things?
I think they just meant it's very stereotypically american to drive a very walkable distance and eat McDonald's every day
We should never idolize a person (in my opinion). Here are some things Buffet has done that I admire (notice that phrasing): - He consistently communicated with shareholders of Berkshire in a straight-forward and transparent way in his letters and annual reports. If you read these documents, I believe that you will have a solid understanding of how he built Berkshire. - He maintained a disciplined approach to investi…
I agree, however I don’t think the last two of your bullets are necessarily something to learn from on the surface.
You can buy a bigger and bigger house car tv stereo whatever, but it will not make you happy.
Berkshire stock could fall 99% and he would still have outperformed the S&P. Insane.
How do you figure? The portfolio looks to have performed roughly the same as the S&P.
S&P500 total return over the same period: about 39,054% (390x gain)
$1 in BRK would be $55k today. $1 in S&P500 would be $390 today. Therefore, following the hypothetical 99% drop, 1% of Berkshire return would be $550, still well above the S&P500's $390.
We should never idolize a person (in my opinion). Here are some things Buffet has done that I admire (notice that phrasing): - He consistently communicated with shareholders of Berkshire in a straight-forward and transparent way in his letters and annual reports. If you read these documents, I believe that you will have a solid understanding of how he built Berkshire. - He maintained a disciplined approach to investi…
> - He still lives in the same home he bought when he was 28 years old. Really makes me wonder what drives him. For many people it's the money, but with him it doesn't seem that way. But I haven't read too much about him, so if anyone has insight I'd love to hear about it.
The score keeping aspect makes it interesting, just like playing tennis while keeping score is more interesting than just hitting a ball back and forth across the net without counting.