Thread

Warren Buffett Steps Down as Berkshire Chairman, Names Son to Replace Him

323 points · 221 comments · saimiam

dugmartin · 1789732295 · focus · HN ↗
I guess Warren’s quote only applies to other people, not him. "It’s like choosing the 2020 Olympic team by picking the eldest sons of the gold-medal winners in the 2000 Olympics." (<a href="https://www.nytimes.com/2001/02/14/us/dozens-of-rich-americans-join-in-fight-to-retain-the-estate-tax.html" rel="nofollow">https://www.nytimes.com/2001/02/14/us/dozens-of-rich-america...)
1. Nemi · 1789734731 · focus · HN ↗
  The Chairman position is to protect company culture, not make operational decisions.
  1. epolanski · 1789745672 · focus · HN ↗
    No, the chairman is there to represent the biggest shareholders and defend the common interest of getting the best out of the company.

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