Quote from: The Pharmacist on September 15, 2020, 02:32:26 AM

Quote from: jackg on September 15, 2020, 12:34:41 AM

I do think some people over fixate on Warren buffets strategy. His current one has moved away from wealth creation to maintaining the value he has built up from. His strategy and ultimately to keep the insurance company's reserves high.

I'm not so sure Buffett's investing strategy has moved an inch away from wealth creation. He's always looking for low-risk investments that other investors have overlooked--and I think that's exactly what he did with the Japanese companies he got involved in.

Quote from: jackg on September 15, 2020, 12:34:41 AM

Although lucius probably considered your post spam in that thread or something previously overdiscussed.

That post didn't look like spam to me, so I don't know why Lucius deleted it, but that's his prerogative in a self-moderated thread and that's the risk you take when you post in one. Just roll with it, OP.

1. This is the view I hold. The Japanese companies he bought a piece of represent a good return for the risk. Berkshire Hathaway is a public company with a fiduciary duty to shareholders, so they're not going to just stop trying to create wealth because Warren Buffet is old. Logically it doesn't make sense, and legally they couldn't do that. The company will continue on after Warren Buffet is gone, and Buffet himself doesn't even make all the calls. He has hand-picked successors who are currently running billions of dollars of investments without input from Buffet and who will continue the the operation of the company in the same vein as it has been run since Buffet took it over (back when it was a textile manufacturer).

2. Yeah, my fault. I guess I just expect people are decent enough to allow open discussion, even in a self-moderated thread. I rolled with it all right... right into a new unmoderated thread.