Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by jacquesm on Wednesday December 31, 2025 @08:45PM
(#46450444)
Elon and Buffet are polar opposites.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by WalterBright on Thursday January 01, 2026 @12:52AM
(#46451677)
Musk at one point was one explosion away from bankruptcy.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by jacquesm on Thursday January 01, 2026 @05:35AM
(#46452965)
I wasn't talking about tech, but about their character.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by WalterBright on Thursday January 01, 2026 @05:43PM
(#46458992)
Risk tolerance is a component of character. Musk has put his entire fortune on the line more than once, and more than once was a whisker from bankruptcy.
I'm far less of a risk taker than he is, and have consequently not made big scores like Musk.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by jacquesm on Thursday January 01, 2026 @08:38PM
(#46460408)
You're also not an asshole, but Musk is.
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by WalterBright on Thursday January 01, 2026 @09:39PM
(#46460793)
> You're also not an asshole
Some disagree with your assessment(!)
> but Musk is
I'm going to reserve judgement on that because the media lens is pretty distorting. He's not afraid to stand up to bullies, and I've seen that interpreted as assholishness.
Steve Jobs also had a reputation as an asshole. A couple of my friends had encounters with him, and I asked is he really an asshole? Both confidently said yes. !!
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by SecretDreams on Thursday January 01, 2026 @08:34AM
(#46453970)
But can you infer this from their Wikipedias?
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by jacquesm on Thursday January 01, 2026 @09:00AM
(#46454174)
Why do I need to go to a website when I'm fairly well informed about the lives of both?
Re:Warren Buffett steps down as Berkshire Hathaway CEO after...
by SecretDreams on Thursday January 01, 2026 @09:49AM
(#46454555)
Because the prior OP tried to direct me to wiki to learn about them. This chain has context.
Warren buffet did good and he came up with a winning strategy. Momentum was ultimately his friend and what drove his success. When ETFs are great today and their popularity largely because of Warren, I think a lot of what's increasingly becoming obviously wrong with the markets ties back to the original strategy behind ETFs.
There's no more self selection or focus on fundamentals. All pensions are now exposed and regular contributors to the markets, so winner and losing picking doesn't really exist in the same way and performance is no longer tied to reality. I dread what that means as populations stagnant since it puts some risk on future pensions and their somewhat ponzi-esque structure.
All the pessimistic rants aside - it's insane to refer me to a billionaire's wiki as an attempt to get to know them. I largely look at people based on how they might treat family, friends, strangers, etc. In that regard, I'm mixed.