Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
No. of Recommendations: 29
Nice tribute by one value investor to another...
"Buffett’s imminent retirement at the age of 95 is a moment to reflect on the qualities that have made him the most successful investor of all time. These qualities—relentless curiosity, analytical consistency, focused effort, and humility, along with high integrity, a personality unchanged by wealth or success, and a sunny optimism about the United States—have made him an American role model. 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."
https://apple.news/ABDlL1DDrQaGnlKQy6lLFFA
No. of Recommendations: 4
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.
No. of Recommendations: 5
I believe Klarman meant it figuratively, not literally. Warren has even said that he is "going quiet."
No. of Recommendations: 21
Warren has even said that he is "going quiet."
I have taken that to mean things like interviews with Becky Quick, not things like phoning Greg if he happens to have a good idea while in the bath. I always thought the the second type was the more important : )
Think of the confidential weekly meetings between the Queen and the Prime Minister...
Jim
No. of Recommendations: 6
Klarman: “I’ve never owned the stock” talking about Berkshire. Too bad, it could have helped his performance.
No. of Recommendations: 1
“Nice tribute by one value investor to another...”
TYVM for sharing longtimeberk! One of the best pieces and tributes I have read in quite some time. First-class! Thank you!
No. of Recommendations: 1
I believe that quote came from an article that Seth Karma wrote on Warren for Atlantic magazine.
Just a FYI
No. of Recommendations: 6
No. of Recommendations: 35
Klarman's piece is a fine, fitting, and comprehensive tribute. I got to meet Warren for a minute or two in 2009, and said my snowball had melted some. He laughed and said I had lots of time. Which I did, and his outsized influence - bigger than every other bit of journalism or viewing or books I've read added together - had an outsized influence on my investing outcomes such that I unplugged in my early '50s and had no arithmetic need to work any longer.
Here's to the GOAT, and may he enjoy his next chapter, and I look forward to what Greg has in store for Berkshire, and I'm going to selfishly miss Warren's annual letters after having read them real time for over 20 years now.
