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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

#531

Post by cassepipe »

samshine wrote: post #508
tstrimple wrote: post #440

Earlier quoted context omitted.

> Equality is a founding value and one we still respect. Easily stated by someone who was not a slave. Equality had fuck all to do with the founding of this country. Some people were *literaly* slaves. You *literally* could not vote unless you were a male land owner. Fuck this nonsense propaganda. Every bit of freedom in this country had to be fought for against this country and against the majority of white men. And…

What a strange and naive post

I don't think so. They are deliberately ignoring the side of the coin they don't like (a non ethno-state based on freedom and equality who has had a positive role in the history of mankind) because they are afraid that we don't take into account the side of the coin they care about, namely that all those rights and laws are mostly paper until some decide to make them more real.

If anything those perspectives need to be reunited rather than ignoring one for the other.

The history of humanity is filled with horrors and humans have done the worst to other humans but it is also true that nowhere in history has humanity been, on average, safer.

For that we have to thank all of those who believed in something better and made actual efforts to make a difference

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

#532

Post by corpoposter »

sethev wrote: post #205

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 that more personal growth can be taken from reviewing other's behavior rather than analysis of their "overall morality". However, when people are powerful and their actions effect many people it is very important to reflect on the morality of their actions.

Holding powerful people and institutions to account for the morality of their actions can and has been a powerful force for good.

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

#533

Post by MuffinFlavored »

sethev wrote: post #205

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 consistently communicated with shareholders of Berkshire in a straight-forward and transparent way in his letters and annual reports.

How often did he ever deliver "bad news"?

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

#534

Post by cassepipe »

frinxor wrote: post #521
samshine wrote: post #508

Earlier quoted context omitted.

What a strange and naive post

I think it comes from the all-billionaires-are-evil mindset, which I see more and more of

It might be a you-problem then because that is not what they were about is about and yet you are the one grouping them together.

I am not saying categorization is bad, nor even that yours was unreasonable, but let's not forget the purpose of categories: Not having to think about difference, complexities

You would have done better to address and/or counter their points

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

#535

Post by positron26 »

JKCalhoun wrote: post #278
positron26 wrote: post #220

Earlier quoted context omitted.

Not just relative to other billionaires, relative to the average American, he never went after get rich quick schemes, has a reputation less dirty, values life-long relationships more, and fell to not one of so many traps and dynamics that see many successful people trash their own legacy. The internet citizen is so often convinced that everyone with a high net worth is crooked, cheated to get where they are at, and…

Not seen in a photograph with Jefferey Epstein. (yet)

At some point the biggest enemy is the inner cynicism that would tear down perfection manifest to avoid seeing even the bare idea of an aspiration and the consequent actions it would motivate.

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

#536

Post by abirch »

tome wrote: post #466
abirch wrote: post #54

Earlier quoted context omitted.

Unfortunately it's expensive to short Tesla because Elon and Peter Thiel don't allow their shares to be shorted. Add to that, it's part of the S&P 500. It's going to take a while but I foresee a lot of red for TSLA. We'll see what happens but TSLA is already revising their target of cars sold in Q4

> Elon and Peter Thiel don't allow their shares to be shorted Do you have more information about that? That sounds impossible for a publicly traded company.

You can look at DRS: https://www.investing.com/news/company-news/genius-group-sha...

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

#537

Post by tjwebbnorfolk »

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.

You're saying my 2000lb car poses a greater risk to other drivers than your 8000lb tesla? I think you skipped physics 101.

By your logic, we should all drive gigantic monster trucks. Lunacy.

Also, I already have a mom who worries about me. She likes the car. I don't need to be mothered by a stranger on the internet thank you.

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

#538

Post by tjwebbnorfolk »

LUmBULtERA wrote: post #459
_yb2s wrote: post #454

Earlier quoted context omitted.

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.

I have not yet flattened a kid with my car, but I suppose there's still time. Also backup cameras are very important for today's vehicles which are gigantic monsters compared with cars of the 90s. My car is quite low to the ground.

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

#539

Post by globular-toast »

scott_w wrote: post #512
globular-toast wrote: post #387

Earlier quoted context omitted.

It doesn't make you happier, it's just that you became unhappy and the new bike was necessary to temporarily make you happy again. Happiness is binary. You're either happy with where you are or where you're heading or you're not.

> It doesn't make you happier It sounds to me like you haven’t rode a bike in a long time. I recommend you try it and get back to me.

I own several and have ridden thousands upon thousands of miles.

When I got my first bike as a kid, a cheap "mountain bike" with 24" wheels that probably weighed more than my current road bike, I was at maximum happiness. I was not at only 40% happiness because it didn't have a carbon frame or a Di2 groupset from the future. I was at 100.

Later when I got my first road bike I was at 100% happiness again. But nothing can make me happier than I was with that first, heavy bicycle-shaped object. It might equal it but it's impossible to surpass.

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

#540

Post by tjwebbnorfolk »

LUmBULtERA wrote: post #459
_yb2s wrote: post #454

Earlier quoted context omitted.

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.

Also, show me the stats on how many toddlers are pancaked by lack of backup cameras each year per capita. That will inform me about how truly "important" this problem supposedly is.
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