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RE: Buffett Era Ends, Market Hesitates as Abel Steps Up

in TradFi • 6 days ago

I don't think a lot of people pick up on this but Buffett was essentially the marketing guy and Munger was the quant.

Buffett is a big "invest in what you know" guy and he missed out on a lot of tech stocks because so many of them were outside of Buffett and Munger's understanding.

Berkshire Hathaway still has a big pocket book so that gives them more opportunities than a normal investment fund. It will be a hard company for Abel to mess up. I am guessing they will do fine and continue to perform well overtime. Who knows though 🤷‍♂

NFA of course. Good luck with the investment!

6 days ago in TradFi by
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         6 days ago 

        Thanks! Yes I read that too, Buffett alone could have never done it. Munger was a genius and made the Berkshire we know possible in the first place.

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               6 days ago 

              Munger actually called the dollar going to 0 compared to other assets a while back. He was a super interesting guy and I wish he had a bigger presence when it came to talking to the media.

              It is what it is though. Munger and Buffett did some amazing stuff and were a great team. I doubt anyone will achieve what they achieved with another investment company anytime soon.

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                     6 days ago (edited)

                    Agree. I am pretty sure their success will remain unrivalled. Those 6 decades Buffett was CEO alone is an amazing achievement and that 20% APR over that time period too.

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