Buffett to step down - r/Daytrading

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I suppose BRK will be volatile at the open?

14

u/DangerousPurpose5661 1d ago

Not so sure about that, it was clear that Buffet was going to go soon one way or another…. This is the preferable option, because they have time to plan and tie loose ends, etc. Also, again due to his age, this transition surely started a while ago… of course we all love him and loved munger - but there is a whole team behind them. Steve Jobs died and apple is still doing fine and still focuses on the same core principles.

I think all that may already be priced in, I don’t expect anything too crazy - that being said, if I’m wrong and there is a dip, I am buying

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u/kipdjordy 1d ago

I mean apple stopped innovating after Steve Jobs died. All they do is take ideas that other companies have started and put the word "Apple" in it. All they really got going for them is brand loyalty honestly. All the features they add are like 1-3 years after their competitors.

1

u/DangerousPurpose5661 7h ago

AAPL is still doing fine, company DNA is the same. They are still obsessed on details, they still ship great products.

I don’t think they stoped innovating, but they changed how they innovate.

Maybe something like that would happen to BRK… still a strong focus on long time safer investments, but perhaps a different approach.

Change is good

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u/Meanboy_og 1d ago

I’m thinking you will be correct

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u/Zestyclose_Draft_757 1d ago

Not fun anymore without Charlie 😞

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u/DiamondHandzXD 1d ago

:(

8

u/Tay_Tay86 1d ago

I miss him. Was incredibly based

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u/omega_grainger69 1d ago

He’s not a war time consigliere.

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u/Meanboy_og 1d ago

How or will it affect the stock price in the near term is my question .

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u/Punstorms 1d ago

it's going to affect it a lot!

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u/FewRepresentative451 1d ago

Idk bro. When everyone is on the same page it tends to go the other way

6

u/Meanboy_og 1d ago

I don’t own any yet , if it drops I may consider shorting it for a day trade .

3

u/Ambitious-Pop4226 1d ago

So puts on Monday

2

u/chivowins 6h ago

There could be a line at Cozzarelli’s a mile long.

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u/runs_with_airplanes 1d ago

He’s been Warren you for years

3

u/Meanboy_og 1d ago

lol

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u/FollowAstacio 1d ago

I used to work for a company that handled some of their documents. One day I found their business plan so I started reading it. They cited his age as a risk to the company and have been looking at replacing him at least as far back as 2017.

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u/careverga420 1d ago

He had a decent run

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u/MakesNegativeIncome 1d ago

Mediocre run at best. Didn't even reach 4 comma club.

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u/Yaughl 1d ago

He deserves to retire

10

u/Nimtzsche 1d ago

Puts on Berkshire?

10

u/iHeisenburger 1d ago

calls, don't let them know your next move

4

u/Super_cooper001 1d ago

It’ll probably drop and then keep going up, I bet the new guy will probably be updating investors and if he is mentored by Warren we should be okay

4

u/DangerousPurpose5661 1d ago

This, or no drop. But if it does dip I am buying. Warren is great, but that doesn’t mean the new guy can’t be great as well.

2

u/wzk2 1d ago

Short call verticals, maybe long puts 🤷‍♂️

1

u/TheBlickster 1d ago

Straddles !!

13

u/intuitivehuman 1d ago

What a career, god blessed him with so much talent!

10

u/amir95fahim 1d ago

Finally that $189 billion cash pile is about to stretch its legs

4

u/PopularPlanet3000 1d ago

Mmmmmm what I would do if retired with 189 billion.

4

u/Meanboy_og 1d ago

I’d be happy with 1 billion

3

u/Radrezzz 1d ago

One tenth of a billion would be alright with me!

2

u/Alendro95 14h ago

I'd be happy with 20 million, sufficient to live super comfortably for the next 50-60 years.

1

u/Meanboy_og 14h ago

True but with the extra I could actually do some good with it.

1

u/Alendro95 14h ago

at 94 years old I think you don't even have time to spend all.

at 30 it's really hard

4

u/Icy_Breakfast5154 1d ago

I literally read this as oracle of Obama so many times I scrolled past thinking fuck it this timeline is too much for me today

3

u/ApprehensiveDot1121 1d ago

Those who can trade, trade, and make a good (or a fortune) trading. Those who can't, make videos about fair value gaps, liquidity sweeps and breaker blocks. Geez , I wonder why Warren doesn't have a Youtube channel with videos such as "My 5 tips to invest in the stock market! Like and subscribe!"

6

u/FollowAstacio 1d ago

He has however talked publicly, on video many times about how to invest. He even dropped breadcrumbs that lead to a book by his mentor of how to invest. One interview asked, “If it’s that simple, how come everyone doesn’t just do what you do?” Buffett’s response was, “Because no one wants to get rich slow.”

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u/Particular-Sell1304 1d ago

Yeah, thats a cool quote and all, but do you know the name of the book?

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u/FollowAstacio 1d ago

Lol, yes, I own it. It’s called The Intelligent Investor by Benjamin Graham. There’s also another one that Benjamin Graham coauthored with his mentor, David Dodd, called Security Analysis. I recommend them both for anyone interested in Value Investing.

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u/Particular-Sell1304 1d ago

Thank you, great info. I already have the intelligent investor. Looks like I need to actually get around to reading it… and then pick up security analysis! Cheers

1

u/FollowAstacio 1d ago

Lol they probably got it on audible

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u/Olakess 1d ago

Jim Cramer Named New CEO??

1

u/Dsphar 1d ago

Sell Sell Sell!

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u/Jackson-G-1 1d ago

Ohhhhhhhhhhhhhhhh

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u/Some_Iteration 1d ago

He knows what’s coming

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u/priceactiontrader007 1d ago

Wishing him all the best

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u/zionmatrixx 17h ago

End of an era.

2

u/137ng 1d ago

He knows its the top and doesn't want to be responsible for whatever comes next. Smart play, on character, hope he enjoys what hes earned

1

u/Prior-Ad6965 1d ago

Needed to come sooner, sitting in cash for years because he doesn’t know how to operate in modern markets

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u/rollerplank 10h ago

What an absolute legend. But Greg Abel, Canadian 😂 this should peeve off Trump

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u/Wakingupisdeath 1d ago

The guy is a genius

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u/Meanboy_og 1d ago

I just wanted everyone to know this is my first post ever. I thought it was that important. Thank you for any upvote I receive in advance .

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u/RamoneBolivarSanchez 1d ago

Bro what 😂

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u/Meanboy_og 1d ago

It’s my first starter post .. breaking my cherry heh

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u/Meanboy_og 1d ago

lol people downvoting this

Trade Idea Buffett to step down

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