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Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by senthil_rajasek on Wednesday December 31, 2025 @05:52PM (#46449197)
Here is a fantastic farewell message that Seth Klarman wrote on Buffett's retirement for The Atlantic,

How Buffett did it?

https://web.archive.org/web/20250000000000*/https://www.thea...

Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by chistev on Wednesday December 31, 2025 @07:11PM (#46449745)
That link isn't loading up for me.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by senthil_rajasek on Wednesday December 31, 2025 @09:02PM (#46450543)
Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by abirch on Wednesday December 31, 2025 @05:56PM (#46449223)
Buffett's Alpha: http://docs.lhpedersen.com/BuffettsAlpha.pdf

tldr; he was leveraged with good stocks

Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by lifeisstillgood on Wednesday December 31, 2025 @09:19PM (#46450629)
“””Whether it’s socks or stocks, I like buying quality merchandise when it is marked down”””. Buffet, BH annual report 2008
Re:Warren Buffett steps down as Berkshire Hathaway CEO after... by agobineau on Thursday January 01, 2026 @03:04AM (#46452189)
this is a very interesting read, thank you for posting

you may consider a simple example for yourself:

Portfolio $100,000.00 $60k into US Tbills, (3, 5, 10y) $40k into SP500 cash $40k into Sp500 on margin

$140k exposure For the portfolio to be wiped out, you would need to have a 50% drawdown in the sp500 which hasn't happened in 90 years, and that assumes in a crash your tbill face value wont soar due to rate cuts