I wonder how this will affect BRK-B, given that so many investors (or at least the "retail " ones) buy its shares with the assumption that they provide exposure to Buffett's strategy.
In any case, I hope Warren can experience not working at all in the few years he likely has left after being alive for over 1/3 of his country's existence!
BRK is now (since the last 10-20 years) large and diversified enough that it more or less tracks the S&P 500 and the overall stock market. There isn't some genius trading strategy in there. Buffett himself tells everyone who will listen to buy and hold a diversified index fund for a long period of time.
Last I heard he had a couple guys working for him who sound extremely smart and explained it’s almost impossible to beat the S&P but they try.
> In any case, I hope Warren can experience not working at all in the few years he likely has left after being alive for over 1/3 of his country's existence!
Honestly I struggle to understand the desire of folks earning an income to wish the best for folks who have literally never struggled in their lives. This hero worship of billionaires is bizarre in the extreme. Warren Buffet earned his billions on investments from friends and family that the vast, vast majority of people have zero access to. But people keep acting as if he is some sort of genius because he was able to grow an equivalent of $1MM in investments from friends and family at a time when basically every single fucking industry in the country was growing at crazy rates. Capital begets capital. Wake me up when someone actually comes from rags and doesn't just try to weave that into their propaganda.
There's no Buffett's strategy. Market buys whatever Buffett's company bought. That's how he got unusual gains.
Moment of fame stretched over 60 year of clipping coupons off of that initial fame.
The thing that made it possible was that he was content with his performance and never tried to one up himself. He kept his fame and market interest in him simmering over six decades inatead burning out in one bright flash.
I don't know the guy, but by all indications he is even-keeled, low-stress, conscientious but come what may. Given his nationality and net-worth, I'd wager that Warren is a centenarian in waiting, unless and until he chooses to invest in the afterlife. Whichever comes first.
Respect.