Thread

1. iambateman · 1789739908 · focus · HN ↗

   A lot of negativity here on Buffett. I doubt any mega-billionaire is a total saint, but by comparison Warren seems like a guy who tried to do good in the world.

   We should hope for fewer billionaires, but as long as we have them, we should hope for more Warrens.

   1. Joel_Mckay · 1789744733 · focus · HN ↗

      Warrens team was famous for extracting undervalued companies from the market, and formed a solid rational investment posture that lasted decades.

      By comparison, most other companies including your Bank are often just a group of clowns in cheap suits offloading their mistakes onto suckers. I used to think people that complained were crazy, until I started comparative investing a few ETF.

      Warren drove the same old car for years, as unlike most of wall street is not selling his image. You don't have to like the guy, but we can respect his resolve. If he is leaving, it is a bad sign or his story is ending. =3

      1. jppope · 1789759815 · focus · HN ↗

         true he drove the same old car for years, however he traveled via private jet for most of his milage. Which brings me to a fun story:

         Buffett originally called corporate private jets an "indefensible" luxury. When he did eventually buy a jet he named it "The Indefensible", later changing the name to "The Indispensable."

         The guy has a great sense of humor.

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