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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

#591

Post by tjwebbnorfolk »

Ghos3t wrote: post #491
lazide wrote: post #484

Earlier quoted context omitted.

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 perh…

Yes of course there's only one way to have a succefull life and one should just follow what others before them have already done, in order to be successful, who needs to think for themselves and make choices, just read the financial papers make a lot of money and then when you are dead and forgotten by the world at least you will have all your money to comfort you in the afterlife

You're right, you are unique and special, everyone else is a blind follower. https://xkcd.com/610/

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

#592

Post by sethev »

Yokohiii wrote: post #465
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 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.…

Yes, we seem to lack the framework and vocabulary to discuss morality anymore. You may be right that this is tied to the demise of spiritualism (or perhaps organized religion).

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

#593

Post by EasyMark »

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.

you're going to get a lot of flack because some will only accept if he walked to work and ate vegan gmo-free granola at a granola stand on HackerNews I think to be called a "True American"

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

#594

Post by EasyMark »

kwanbix wrote: post #3

I will never undertand this people that live all their life working, when they clearly have the chance to retire much sooner. I will retire right away if I had 10 millions. Maybe 50 millions if I was younger than 40.

It wasn't really work for him I think. He enjoyed the vast majority of what he did. Not all of us get to be so lucky. Does an artist or writer retire if they love their art?

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

#595

Post by EasyMark »

kwanbix wrote: post #515
danielmarkbruce wrote: post #24

Earlier quoted context omitted.

He sat around talking to people, reading, betting on stocks/financial markets, playing games and occasionally buying a business.... that is many people's dream retirement.

Really? My dream retirement will be to be on a beach surfing while I drink caipirinha.

The commonality is that you both enjoy doing what you love, rather than the actual realization of that which is obviously far different.

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

#596

Post by conductr »

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.

FWIW Nobody I know sees me rent these cars. I usually do it while on vacation. They’re fun to drive, so it’s closer to an occasional hobby than a complete change of my lifestyle

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

#597

Post by conductr »

_yb2s wrote: post #448
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…

People seem to dismiss the value of humility and frugality nowadays, but I see them as important virtues that lead to a more enjoyable life. Counter intuitively, wealth can allow someone the freedom and privilege to live a simpler and more frugal life, which can feel more rewarding and fun. For one, I like to have a connection with the place I live and the physical objects I use like my car and home- the fact that th…

Well said! A large part of my ethos is not caring what people think of me. As in, random people that don’t know me or try to make guess of my social status based on what signals I’m putting out. I care about what some people think about me, but not my financial situation more so what they think of me as a human.

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

#598

Post by irishcoffee »

PostOnce wrote: post #265
irishcoffee wrote: post #257

Earlier quoted context omitted.

You should read his whole bio.

Don't get me wrong, I like him, he's a quick wit, it's just not true that he started with nothing, he started with a lot.

Better late than never, I don’t know if you’ll see this. He started investing well before people started giving him money. Like, decades.

Wikipedia page on Buffett:

At 11, he bought three shares of Cities Service Preferred for himself, and three for his sister Doris Buffett (who also became a philanthropist).[20][21][22] At 15, Warren made more than $175 monthly (equivalent to $3,057 in 2024) delivering Washington Post newspapers. In high school, he invested in a business owned by his father and bought a 40-acre farm worked by a tenant farmer.[23] He bought the land when he was 14 years old with $1,200 (equivalent to $21,434 in 2024) of his savings.[23] By the time he graduated from college, Buffett had amassed $9,800 in savings (equivalent to $129,511 in 2024).[18]

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

#599

Post by zwnow »

conductr wrote: post #596
zwnow wrote: post #436

Earlier quoted context omitted.

> 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.

FWIW Nobody I know sees me rent these cars. I usually do it while on vacation. They’re fun to drive, so it’s closer to an occasional hobby than a complete change of my lifestyle

I dont judge, you are free to do however you please, but dont act like renting expensive car is a normal human thing to do and has nothing to do with bragging about how much money you have. Its a rich person hobby.

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

#600

Post by abdelhousni »

N_A_T_E wrote: post #157
BrenBarn wrote: post #146

Earlier quoted context omitted.

With $150 billion dollars he could have done a lot more than "argue for" changing taxation. If he had spent that money actively fighting for a better system, maybe that'd be worth something. To sit back on your billions and say "aw shucks, this really shouldn't be possible" is not much of an effort. Edit: Some people seem to be misunderstanding me. I'm saying if he thought taxation was unequal or thought wealth inequ…

It seems buffet has taken “the giving pledge” along with Bill Gates and others. “More than 99% of my wealth will go to philanthropy during my lifetime or at death.” - https://www.givingpledge.org/pledger/warren-buffett/

philantropy as those billionaires sold it should never exist in a just society
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