Thread

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

323 points · 221 comments · saimiam

bell-cot · 1789730957 · focus · HN ↗
Best wishes and all. But given Berkshire's scale, and the son's age (71), questions about the next succession plan seem appropriate.
Also, since the NYT says nothing else about the son: <a href="https://en.wikipedia.org/wiki/Howard_Graham_Buffett" rel="nofollow">https://en.wikipedia.org/wiki/Howard_Graham_Buffett In context, his recent involvement in local politics seems rather odd.
1. roryirvine · 1789731570 · focus · HN ↗
  Sounds like there's a grandson who's being groomed for that: <a href="https://en.wikipedia.org/wiki/Howard_Warren_Buffett" rel="nofollow">https://en.wikipedia.org/wiki/Howard_Warren_Buffett
  They all seem very similar to the British "new nobility" in the mid-late 19th century, albeit with less syphilis and opium.
  1. mitxela · 1789731602 · focus · HN ↗
    Rags to rags in three generations, don't forget. These people are not Warren Buffett and most likely do not share his skill, luck, and psychological investment.
    aitchnyu · 1789759496 · focus · HN ↗
    Heard that proverb. I'm more inclined to believe rich families from 1400s are rich now. Family wealth can be preserved by sending spare sons and daughters to monastic life.
    <a href="https://qz.com/694340/the-richest-families-in-florence-in-1427-are-still-the-richest-families-in-florence" rel="nofollow">https://qz.com/694340/the-richest-families-in-florence-in-14...

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