[HN Gopher] Warren Buffett steps down as Berkshire Hathaway CEO ...
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Warren Buffett steps down as Berkshire Hathaway CEO after six
decades
Author : ValentineC
Score : 66 points
Date : 2025-12-31 21:44 UTC (1 hours ago)
(HTM) web link (www.latimes.com)
(TXT) w3m dump (www.latimes.com)
| ravenstine wrote:
| I wonder how this will effect BRK-B, given that so many investors
| (or at least the "retail " ones) buy its shares with the
| assumption that they provide exposure to Buffett's strategy.
|
| In any case, I hope Warren can experience not working at all in
| the few years he likely has left after being alive for over 1/3
| of his country's existence!
| kwanbix wrote:
| 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.
| satvikpendem wrote:
| Their work is their enjoyment. Buffett would've been investing
| even in "retirement," so to him, work and retirement are
| functionally the same.
| RealityVoid wrote:
| This is merely your failure to imagine it. Maybe they enjoy it,
| maybe they have a specific goal they want to achieve, have some
| sort of obsession, maybe they feel duty to all the people they
| lead and relief on them, think they are making the world better
| so they feel compelled to continue working, are mad with power
| and enjoy lording over other people. There are many many
| reasons why one would work after being financially secure, and
| they're all equally valid as a personal motivator.
|
| And, anyways, I think you say this now, but if you were to get
| those 10 millions you would probably change your tune. A lot of
| people would find some other project to dedicate their energy.
| Especially the kind of people that make stuff happen.
| mothballed wrote:
| 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.
| themafia wrote:
| > relatively unsophisticated investors like Musk and Zuckerburg
|
| They're sophisticated government contractors. They've insulated
| themselves from the wiles of the market.
| bayarearefugee wrote:
| Buffet's strategy assumes a rational market, so I wouldn't
| expect it to work as well in an environment where stock market
| valuations are increasingly vibes-based and often wildly
| inflated by circumstances that should be illegal (like selling
| X to xAI to generate a voodoo valuation).
| senthil_rajasek wrote:
| Here is a fantastic farewell message that Seth Klarman wrote on
| Buffett's retirement for The Atlantic,
|
| How Buffett did it?
|
| https://web.archive.org/web/20250000000000*/https://www.thea...
| abirch wrote:
| Buffett's Alpha: http://docs.lhpedersen.com/BuffettsAlpha.pdf
|
| tldr; he was leveraged with good stocks
| walthamstow wrote:
| Driving 2 miles to work and stopping at a drive-thru to pick up
| McDonalds breakfast every day. The man is a true American hero.
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