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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

#481

Post by SecretDreams »

jacquesm wrote: post #217
SecretDreams wrote: post #148

Earlier quoted context omitted.

Have you ever read Elon's wiki? Or any other individual rich enough to curate whatever views they choose? Warren buffet did good and he came up with a winning strategy. Momentum was ultimately his friend and what drove his success. When ETFs are great today and their popularity largely because of Warren, I think a lot of what's increasingly becoming obviously wrong with the markets ties back to the original strategy…

Elon and Buffet are polar opposites.

But can you infer this from their Wikipedias?

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

#482

Post by adventured »

option wrote: post #421
agnosticmantis wrote: post #388

Earlier quoted context omitted.

He shamelessly advertised companies in his portfolio, whether it was always having a can of coke or candies on the table or stopping at a McDonald's in a documentary. I refuse to believe that his lifestyle was what was on display. He lived in the same house for 60 years, sure, but his private jets kept getting upgraded. Good for him, but I find the frugality theater very off putting.

He definitely had a multi million (vacation ?) house in Laguna Beach, California

He has owned a couple of planes as well. Jokingly nicknamed the indefensible.

https://sentinel-aviation.com/blog/warren-buffett-nicknamed-...

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

#483

Post by adventured »

system2 wrote: post #145
Tade0 wrote: post #19

Earlier quoted context omitted.

The man has enviable health.

Stress is the #1 killer. Being rich likely helps the stress levels. Not worrying about rent/mortgage can likely extend someone's life by 10% easily.

Genetics is the #1 killer.

Most of a person's potential life expectancy is pre-determined.

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

#484

Post by lazide »

rTX5CMRXIfFG wrote: post #432
tjwebbnorfolk wrote: post #416

Earlier quoted context omitted.

Sure -- but as far as idols go, you could do a lot worse than Mr. Buffett

It's OK to have someone to look up to and have an example to follow, but why do you need to have an idol?

It depends on how much you believe other people’s stated public persona.

If you believe it, then it helps model other areas of life in a way that undoubtably supports the outcome.

For example, not part of Mr Buffets persona (and I believe it!) is staying up until 2am getting wasted and having 5 baby mommas.

And so anyone trying to have even a shadow of Mr. buffets success should probably also avoid doing so, and perhaps do some of what Mr. buffet does instead. Like reading the financial papers.

To give one example.

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

#485

Post by matwood »

kylecazar wrote: post #79
bsder wrote: post #58

Earlier quoted context omitted.

Wealth does that.

Also, consistently eating 1 item from McDonald's every day is probably not going to tank your health (if it's one of your few diet vices). We've got people drinking 600 calorie frappucinos before they touch a bite of food.

Also, breakfast items are typically the "healthiest" fast food items. An Egg McMuffin for example has a fresh egg, piece of ham and an English muffin. Hardly a disaster meal diet wise.

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

#486

Post by 12ian34 »

jimnotgym wrote: post #415

[flagged]

> Rich guy has a job so easy he works until old age.

How would you know how difficult his job is? It's not easy to run a company, let alone a hugely successful one responsible for a vast amount of assets.

> Never made anything, just leant money to companies that weren't as rich as him and his cronies, to get a share of profits for doing nothing.

Providing capital to companies helps them grow which in turn helps add value to an economy. And it's not even like it's easy to lend money because this is an inherently risky process so requires a lot of hard work and intelligence to perform sustainably.

I'm curious as to why you're so judgemental of him and presumably by logical extension of your arguments: capitalism in general.

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

#487

Post by wtcactus »

koakuma-chan wrote: post #69
flkz wrote: post #66

Earlier quoted context omitted.

If it's undervalued it should be worth more, no?

Is Intel undervalued? Should Intel be worth more? Intel is an example of a company that I had in mind.

Actually, yes, half a year ago Intel was massively undervalued when you looked at metrics like Price to Book ratio. It still is actually, although not as much.

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

#488

Post by cindyllm »

gpt5 wrote: post #476
Yokohiii wrote: post #465

Earlier quoted context omitted.

I think moralism is an side effect of the demise of spiritualism in the west. We somehow have to shape moral values, the lack of a framework for it makes it feel blunt and chaotic. That being said, I find it odd to moralize on moralism. We have way too many people in power that are awful humans and do a bad job and never get punished. Meanwhile, stealing a car because you are hungry can be the begin of a ruined life.…

The point is that moralism makes everyone blind and see in black and white. Instead of seeing the nuance, you’d see everything that comes out of Elon Musk or Israel whoever you’ve managed to convince yourself is that current villain, as bad - without attention to details. More than that - you’d waste your time arguing whether they are “good” or “bad”, instead of focusing on specific actions, which is what society as…

[dead]

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

#489

Post by Ghos3t »

gpt5 wrote: post #476
Yokohiii wrote: post #465

Earlier quoted context omitted.

I think moralism is an side effect of the demise of spiritualism in the west. We somehow have to shape moral values, the lack of a framework for it makes it feel blunt and chaotic. That being said, I find it odd to moralize on moralism. We have way too many people in power that are awful humans and do a bad job and never get punished. Meanwhile, stealing a car because you are hungry can be the begin of a ruined life.…

The point is that moralism makes everyone blind and see in black and white. Instead of seeing the nuance, you’d see everything that comes out of Elon Musk or Israel whoever you’ve managed to convince yourself is that current villain, as bad - without attention to details. More than that - you’d waste your time arguing whether they are “good” or “bad”, instead of focusing on specific actions, which is what society as…

Lol I don't think people had to convince themselves of anything regarding the examples you sited, they let everyone know who they are on their own

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

#490

Post by matwood »

dyauspitr wrote: post #119
koolba wrote: post #70

Earlier quoted context omitted.

As a red blooded capitalist who loves this country as much as the next patriot, I can assure you admiration for fast food and coke is 100% real.

Admiration for how American it is maybe but it’s goddamn preservative and sugar ridden slop.

IDK. I'm living in Italy atm and I see a lot of people drink regular Coke presumably b/c they like it. What's different from the US is that's it's more of a single serving treat, instead of 2 gallons of free refills.
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