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Warren Buffett steps down as Berkshire Hathaway CEO after six decades

latimes.com

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

#451

Post by epolanski »

tjwebbnorfolk wrote: post #412
twodave wrote: post #243

Earlier quoted context omitted.

I agree, however I don’t think the last two of your bullets are necessarily something to learn from on the surface.

His inspiration is a big reason why I still drive my 1993 Honda Civic after owning it for 15 years. I bought it for $1000 after graduating college. I say a little prayer every time I turn the key that it actually starts. I gave it its own github repo where I track the maintenance I do on it. It reminds me where I come from, and that I don't need shiny shit to be happy. I believe this to be a virtue. My girlfriend yea…

+1, I am by far the most financially successful of my circle, and I drive the cheapest car (a used Fiat Punto) and have sort of the cheapest house (albeit it's bigger it's not downtown).

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

#452

Post by tim333 »

zwnow wrote: post #436
conductr wrote: post #391

Earlier quoted context omitted.

The last one is key to my entire value system as a person. I have had some financial wins in life and try not to let it impact my day to day. I avoid, sometimes with great effort, flashy things (I’ve been tempted to by exotic cars as an example but have found if I just rent one for a day or two that urge goes away, it’s just a toy to me). I usually say I’m not materialistic, but I am at times, and what I strive to be…

> I’ve been tempted to by exotic cars as an example but have found if I just rent one for a day or two that urge goes away, it’s just a toy to me > I don’t want other people seeing me as flaunting wealth Lmao.

People kind of judge by what you drive around in, not that you once rented a ferrari on holiday.

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

#454

Post by _yb2s »

ymyms wrote: post #438
tjwebbnorfolk wrote: post #412

Earlier quoted context omitted.

His inspiration is a big reason why I still drive my 1993 Honda Civic after owning it for 15 years. I bought it for $1000 after graduating college. I say a little prayer every time I turn the key that it actually starts. I gave it its own github repo where I track the maintenance I do on it. It reminds me where I come from, and that I don't need shiny shit to be happy. I believe this to be a virtue. My girlfriend yea…

Driving a car that old puts yourself and others on the road at greater risk due to lack of safety features compared to a modern car. One could argue being able to afford a new car and not buying one to extoll other virtues is neglecting your own and communal good.

If you’re afraid to carefully drive a high quality and well maintained older car that was designed from the ground up with safety and quality at the absolute forefront- say an 80s Mercedes or Volvo, you would benefit from relaxing a bit and being willing to take slightly more risk in life.

Besides, I am not wholly convinced that improved safety tech is a replacement for the type of safety first engineering used in every tiny detail of those old cars, that mitigate certain types of accidents and injury that won’t be addressed in crash testing.

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

#455

Post by nl »

toomanyrichies wrote: post #355
ronbenton wrote: post #285

Earlier quoted context omitted.

>You can buy a bigger and bigger house car tv stereo whatever, but it will not make you happy. Well that seems like an assumption! Plenty of people are happier with nicer things. I don't think we need to tell people what should make them happy.

> Plenty of people are happier with nicer things. Are they truly happier, in the sense of being more content? Or are they just deriving more temporary pleasure from the hedonic treadmill they're on? You can probably tell which one it is, by how long their happiness with their house / car / TV / fill-in-the-blank lasts, before they start thinking about trading up to an even nicer fill-in-the-blank. Buddhist monk Matth…

I really don't like this moralizing but more importantly there's increasing evidence that wealth does correlate with life satisfaction.

> The data showed the happiness gap between wealthy and middle-income participants was wider than between middle- and low-income participants.

And the apparent reason:

> He said: “A greater feeling of control over life can explain about 75% of the association between money and happiness. So I think a big part of what’s happening is that, when people have more money, they have more control over their lives. More freedom to live the life they want to live.”

https://www.theguardian.com/us-news/article/2024/jul/18/mone...

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

#456

Post by nl »

globular-toast wrote: post #384
artdigital wrote: post #363

Earlier quoted context omitted.

I bought a bigger nicer TV (the biggest I ever bought) about 4 years ago and it still brings me joy to this day every time I use it So no, not only 6 weeks

My 14" portable CRT I had when I was a teenager gave me joy every time I used it. My first car cost me less than 2k and gave me joy for 5 years. You are now unable to get joy from a TV smaller than the largest one you've ever bought. Many people are unable to get joy from a car costing under 10k, let alone 2k. The things you own end up owning you.

You are putting words in their mouth there.

You seem very sure about what does and doesn't make other people happy!

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

#457

Post by pvtmert »

yearesadpeople wrote: post #183
walthamstow wrote: post #10

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.

America, as an idea, is so strange

America was the first influencer country in the history

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

#458

Post by _yb2s »

fragmede wrote: post #449
tjwebbnorfolk wrote: post #412

Earlier quoted context omitted.

His inspiration is a big reason why I still drive my 1993 Honda Civic after owning it for 15 years. I bought it for $1000 after graduating college. I say a little prayer every time I turn the key that it actually starts. I gave it its own github repo where I track the maintenance I do on it. It reminds me where I come from, and that I don't need shiny shit to be happy. I believe this to be a virtue. My girlfriend yea…

Don't buy yourself a Bentley, but you really ought to buy yourself a newer car that supports comma.ai. You don't get points for making your own life worse unnecessarily. Necessarily, sure, but don't make a sport of it.

My life is better driving a car that is simple and fun, where I feel alert and connected to the road and every function is controlled by me deliberately and manually. Ideally something with no screens, a manual transmission, and no power steering. Being chaperoned by AI is infantalizing and boring.

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

#459

Post by LUmBULtERA »

_yb2s wrote: post #454
ymyms wrote: post #438

Earlier quoted context omitted.

Driving a car that old puts yourself and others on the road at greater risk due to lack of safety features compared to a modern car. One could argue being able to afford a new car and not buying one to extoll other virtues is neglecting your own and communal good.

If you’re afraid to carefully drive a high quality and well maintained older car that was designed from the ground up with safety and quality at the absolute forefront- say an 80s Mercedes or Volvo, you would benefit from relaxing a bit and being willing to take slightly more risk in life. Besides, I am not wholly convinced that improved safety tech is a replacement for the type of safety first engineering used in ev…

Back-up cameras are really important for kids who can't be seen in a rearview mirror. Those can be retrofit into an older car, but after having a kid I can see why these became mandatory.

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

#460

Post by tim333 »

ymyms wrote: post #438
tjwebbnorfolk wrote: post #412

Earlier quoted context omitted.

His inspiration is a big reason why I still drive my 1993 Honda Civic after owning it for 15 years. I bought it for $1000 after graduating college. I say a little prayer every time I turn the key that it actually starts. I gave it its own github repo where I track the maintenance I do on it. It reminds me where I come from, and that I don't need shiny shit to be happy. I believe this to be a virtue. My girlfriend yea…

Driving a car that old puts yourself and others on the road at greater risk due to lack of safety features compared to a modern car. One could argue being able to afford a new car and not buying one to extoll other virtues is neglecting your own and communal good.

I was driving a 30 year old car for a while (Miata). I'd say I was pretty low risk as you tend to go slowly in classic ones so things don't blow up. Also the small size reduces the risk to other road users compared to driving a massive suv or some such.
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