Thoughts on Warren Buffett

 

1. Buffet didn't retire. As of 2024 he is 93 years old. Warren Buffett, Oracle of Omaha, didn't occur until he was in his sixties. If he had retired in his fifties, he'd be rich, but not a famous billionaire. 
2. Buffet doesn't just buy and sell stocks. He finds companies that he knows how to run better, invests in them, reorganizes them, and then enjoys the profits. Berkshire Hathaway Real-estate is a great example. Over time he bought ok, but not great regional real estate companies, merged them, gave them a national presence, and earned profit from the result.
3. Read up on Buffett's long bet. Buffett bet that over a period of 10 years, the S&P index would outperform a bundle of hedge funds. And it did.
4. His estate will be passed on to his wife using a 90-10 investment mix-- 90% S&P Index. 10% Treasury bills.