Warren Buffett's final shareholder letter [pdf]

(berkshirehathaway.com)

85 points | by philip1209 2 hours ago ago

19 comments

  • bfkwlfkjf an hour ago

    Here's a person with integrity. They're very rare these days, especially amongst the wealthy.

    • chasil 12 minutes ago
    • harry8 35 minutes ago

      He definitely wants us to think that about his integrity, his fans even more so and in fairness, he's pretty good. Not quite the sunday-school capitalism perfection that some would have us believe. Which can grate a bit if you've looked in detail at his career.

  • gwbas1c 2 hours ago

    > In 1958, I bought my first and only home. Of course, it was in Omaha, located about two miles from where I grew up (loosely defined), less than two blocks from my in-laws, about six blocks from the Buffett grocery store and a 6-7-minute drive from the office building where I have worked for 64 years.

    Is Warren Buffett getting into the meme too?

    • sethev an hour ago

      Hah - I think it's more likely that he has it timed and it literally takes between 6-7 minutes.

    • bfkwlfkjf an hour ago

      What's the meme?

      • nocoiner an hour ago

        It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.

        • johnebgd 19 minutes ago

          It’s the Waaaasssssuuuupppp of the Gen Alpha.

        • usefulcat an hour ago

          I don't get it either but me using it is a great way to annoy my kids.

        • bfkwlfkjf an hour ago
        • IncreasePosts 39 minutes ago

          It originated as a brag - a basketball player said it like "I am 6' 7", therefore I am a high quality male and women should reproduce with me". Then shorter people picked up on it

  • absurdity67 an hour ago

    What are the odds of all these hugely successful people living a stone's throw from each other in middle of nowhere Nebraska?

    Obviously there is something going on there, magic, lots of minerals in the water, something...

    • IncreasePosts 41 minutes ago

      Maybe it just shows that opportunity is the most important aspect of (some measure of) success. It's not that these were one in a billion folks. Maybe buffett himself was one in a billion, and by just giving the normies around him opportunities, many of them made something massive out of it

  • handfuloflight an hour ago

    End of an era.

  • Flatcircle 2 hours ago

    classy to the end

  • Mistletoe an hour ago

    If you are younger than 95, you are richer than Warren. Time is our finite resource and I'm sure he would give anything to trade places with you. Spend your riches wisely.

    • MichaelZuo 39 minutes ago

      A 25-30 year old man with all the accumulated wisdom and life experiences of a 95 year old highly successful man… would literally have opportunities worth many trillions of dollars?

      Because they would literally be multiple times better than the next most competent person on Earth of a similar age, and literally dozens of times better than even the median unicorn founder.

      So it seems like a given that the relatively paltry sum that Berskhire controls would be insignificant in comparison.

      • jacobkranz 28 minutes ago

        With all due respect, I think your analysis is wrong. He points out how much luck plays into everything and so even if someone younger with 95 year experience came out I think he'd point out that in the end there's an element of luck to everything. The world isn't deterministic.

      • saalweachter 11 minutes ago

        Would you rather be 95 years old with a trillion dollars or 25 years old with a thousand?