LC Posted May 2, 2020 Share Posted May 2, 2020 There was an off-tangent discussion in the Tesla thread about Buffett and his personal contribution to the world. It got me thinking, what his legacy will be after he passes. To investors I think he has certainly contributed a great deal of in terms of both philosophy and example of behavior. To business owners and employees, I also think he did quite a bit to keep businesses operating and people employed. Or perhaps it is a bit inconsistent - i.e. he kept Berkshire functioning but I recall in some of his Partnership letters he complained about having to shut down uneconomic businesses and being labeled "the bad guy". Also there is the 3G/Heinz debacle. But I think part of being a "home" for business owners to sell is an implicit promise that he will keep those people employed. A P/E firm with a heart, if you will. And I think his biggest contribution will not be realized until after he's gone - which is the giving pledge / charitable ownership of BRK shares to Gates' foundation. Interestingly the giving pledge has over 500B in commitments - more than BRK's entire market cap. Link to comment Share on other sites More sharing options...
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