A lot of negativity here on Buffett. I doubt any mega-billionaire is a total saint, but by comparison Warren seems like a guy who tried to do good in the world.

We should hope for fewer billionaires, but as long as we have them, we should hope for more Warrens.

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Joel_Mckay a day ago | parent | next [-]

Warrens team was famous for extracting undervalued companies from the market, and formed a solid rational investment posture that lasted decades.

By comparison, most other companies including your Bank are often just a group of clowns in cheap suits offloading their mistakes onto suckers. I used to think people that complained were crazy, until I started comparative investing a few ETF.

Warren drove the same old car for years, as unlike most of wall street is not selling his image. You don't have to like the guy, but we can respect his resolve. If he is leaving, it is a bad sign or his story is ending. =3

	▲	jppope a day ago \| parent [-]
		true he drove the same old car for years, however he traveled via private jet for most of his milage. Which brings me to a fun story: Buffett originally called corporate private jets an "indefensible" luxury. When he did eventually buy a jet he named it "The Indefensible", later changing the name to "The Indispensable." The guy has a great sense of humor.

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webdood90 a day ago | parent | prev | next [-]

This is an incredibly sad perspective to have. We have to have higher standards than this, man.

	▲	nozzlegear a day ago \| parent [-]
		Why, what's wrong with it?

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locallost a day ago | parent | prev [-]

There are some things to like. Despite being so wealthy, he advocated for higher taxes on the wealthy. I think that in itself is worthy of praise and worthy of ignoring anything else. The fact he distanced himself from Gates because of the Epstein connection. In addition I get the general feeling amassing wealth was more of a game to him. Obviously he did not use it that much or even abuse it. Still, I do think the way he made money was investing in a lot of basically monopolies where it's questionable if that's really doing a service to society. There's nothing wrong with it per se, but I don't think that it's very beneficial to really anyone except himself. If you are a big believer in the free market economy and investment (which I am not), you might also disagree with his views. For instance, he was always very openly critical about investments like cars etc. because you can't pick the winner out of the thousands of entrants into this invention. This makes a lot of sense if you want to grow your wealth. But if you think about it, if everyone did that, there would be no car and ultimately nothing else, and so even his returns would be much smaller because the economy would be much smaller. That people rush in to create a booming market where a lot of wealth is ultimately squandered is a prerequisite to progress. In a capitalist world at least.

For a billionaire, it's probably the most we can except from anyone really.