Subject: Re: Seth Klarman on Warren
He has also epitomized respect for old-fashioned American values—free markets, a democratic system of governance, patriotism, and plain old common sense—that today have lost some of their currency. Now, in a world alarmingly short of proper role models, Buffett is departing the scene. His voice and example will be deeply missed."


I entirely agree with the first part, but not the second. Buffett is stepping down from his role as CEO but he is not “leaving the scene.” He is still going to be the chairman and I think he will still be tap-dancing to the office, even if his moves have slowed a bit.