Warren Buffett retires

[IHateMyJob2004]

I guess he's been hinting at it for a while saying that he and the BOD needs to find a succession path, but I guess he is done and now retiring.

http://www.gurufocus.com/news.php?id=6566

 

[waggy]

i don't think he has enough money to retire.

 

[Alone]

Originally posted by: waggy
i don't think he has enough money to retire.

:laugh:

 

[IHateMyJob2004]

Originally posted by: Alone

Originally posted by: waggy
i don't think he has enough money to retire.

:laugh:

The way he lives, he could have retired 20 years ago.

 

[Gibsons]

I wonder what's going to happen to Berkshire Hathaway stock over the next day or two.

 

[eleison]

Originally posted by: Alone

Originally posted by: waggy
i don't think he has enough money to retire.

:laugh:

Yea, he was so close on obtaining his life long goal of becoming a gazillionaire.. too bad.

Now that he's not going to be under the microscope anymore, he can now buy that Lambo that he's alsways wanted and stop driving arround in his 10 year old caddie...

Actually, with so much money.. I wonder whats he's going to do with all his free time - lines down hookers backs!!!! ;-)

"I'm rich biatch!!!"

 

[Phokus]

he's giving away most of his wealth...

 

[waggy]

Originally posted by: Phokus
he's giving away most of his wealth...

good. he can give me a few million. i'm not greedy. just give me 100 million. thats all.

 

[silverpig]

Originally posted by: Gibsons
I wonder what's going to happen to Berkshire Hathaway stock over the next day or two.

Does it really matter to any of us? I mean, isn't a single share like $50k or something?

 

[jhayx7]

Originally posted by: Phokus
he's giving away most of his wealth...

Yup. He is giving a huge (around 95%) of his fortune to the Bill and Melinda Gates foundation.

 

[Flyback]

You should check out his Nebraska home (worth 700k). He must really enjoy what he does if its not for the money and material gain (just the game aspect?).

He could have retired near 50 years ago having lived in the same house ever since

 

[Bucks]

Originally posted by: Phokus
he's giving away most of his wealth...

Yep, I think he is giving each of his kids like 100,000 (or 500,000 I can't remember) and giving the rest to Bill Gates charity.

edit: jhayx7 beat me

 

[V00DOO]

I wonder if he's going to file to Social Security?

 

[paulxcook]

He's worth billions and drives a Cadillac? His house only cost $700,000? Wow. That's admirable.

Also, if he's giving up 95% of his wealth to charity, that still leaves him with over $200 million. I'm sure he'll be ok.

 

[Looney]

Good news. He heavily influenced Bill Gates into becoming so philanthropic with his money, so i'm sure he'll be doing the same thing as well.

 

[Miramonti]

Good riddance - now Berkshire Hathaway can sell off Geico, and once and for all and finally get rid of that damn friggin gecko.

 

[Tiamat]

Originally posted by: Alone

Originally posted by: waggy
i don't think he has enough money to retire.

:laugh:

 

[rufruf44]

Err, does anyone noticed the letter being referenced to is his "retirement" letter in 1969??

 

[Nerva]

Originally posted by: Gibsons
I wonder what's going to happen to Berkshire Hathaway stock over the next day or two.

nothing, the stock barely trades.

 

[LegendKiller]

Originally posted by: paulxcook
He's worth billions and drives a Cadillac? His house only cost $700,000? Wow. That's admirable.

Also, if he's giving up 95% of his wealth to charity, that still leaves him with over $200 million. I'm sure he'll be ok.

Warren B. is an interesting character. He almost never uses Berkshire funds to travel and if he does it's always the cheapest way. He never really used any company travel at all. He keeps his car and his house and lives pretty modestly relative to his wealth. He's definitely a buy and hold.

Personally, I think the greatest quote of his was when somebody asked him how much money he gave his kids...

he said something like...

"I gave them enough to do something but not enough to do nothing". I believe his son is a farmer and his daughter is a painter or something like that.

 

[Dirigible]

Originally posted by: rufruf44
Err, does anyone noticed the letter being referenced to is his "retirement" letter in 1969??

That's what I was wondering. The article is about his "retirement" in 1969 when he got frustrated, not a current retirement letter.

 

[zbalat]

Originally posted by: silverpig

Originally posted by: Gibsons
I wonder what's going to happen to Berkshire Hathaway stock over the next day or two.

Does it really matter to any of us? I mean, isn't a single share like $50k or something?

It's actually $109,300.00 per share down $400.00 for the day.

 

[LS20]

Originally posted by: paulxcook
He's worth billions and drives a Cadillac? His house only cost $700,000? Wow. That's admirable.

Also, if he's giving up 95% of his wealth to charity, that still leaves him with over $200 million. I'm sure he'll be ok.

him having a nebraska house and a cadillac on paper does not mean hes living in the house, and driving the cadillac everyday...

 

[techfuzz]

Originally posted by: zbalat

Originally posted by: silverpig

Originally posted by: Gibsons
I wonder what's going to happen to Berkshire Hathaway stock over the next day or two.

Does it really matter to any of us? I mean, isn't a single share like $50k or something?

It's actually $109,300.00 per share down $400.00 for the day.

Yeah on a volume of 160 shares!

BRK.A (BERKSHIRE HATH HLD A)
109200.00 -499.99 (-0.46%) Jun 8 2:03pm ET
Open: 109850.00
High: 109900.01
Low: 109200.00

Volume: 160
Avg Vol: N/A
Mkt Cap: 168.50B

 

[IHateMyJob2004]

Originally posted by: Flyback
You should check out his Nebraska home (worth 700k). He must really enjoy what he does if its not for the money and material gain (just the game aspect?).

He could have retired near 50 years ago having lived in the same house ever since

The funniest thing about htat house is that when it was last appraised, he fought hte towns appraisal. It appraised at maybe $800K and he fought it saying he couldn't sel it for that much.

He does have a $4M vacation home in Cali though.