Thread

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

323 points · 221 comments · saimiam

BennyBallTC · 1789734078 · focus · HN ↗
Many people do not know this but he still holds the stock that he first bought as a 13y old. It is now worth 8+ figures!
1. ricardobayes · 1789734892 · focus · HN ↗
  Maybe someone can enlighten me, but what's the point of "never selling"? Stocks are not a collectible that you can just look at for fun. Their whole point is to sell for profit, at some time. Maybe it's just me but if you "never cash out", that seems a waste of capital. Or perhaps this is a marketing stunt wealthy people sometimes to? Akin to "I live in a small house".
  1. reticulates · 1789735189 · focus · HN ↗
    this is such a funny comment, we are so tech-pilled that we forgot companies traditionally pay dividends and that’s the reason to invest, to share in the profits, not to speculate
    fhdkweig · 1789735797 · focus · HN ↗
    Interestingly enough, Berkshire Hathaway is famous for never paying dividends (except once, I think), and instead use the income to speculate on buying new companies. <a href="https://www.fool.com/investing/2026/09/12/berkshire-hathaway-has-paid-exactly-1-dividend/" rel="nofollow">https://www.fool.com/investing/2026/09/12/berkshire-hathaway...
    kristianp · 1789769463 · focus · HN ↗
    Speculate isn't the right word to use for Berkshire's investments.

Unofficial Hacker News client; not affiliated with Y Combinator.