valueinvesting101 Posted September 29, 2022 Share Posted September 29, 2022 https://www.bloomberg.com/news/articles/2022-09-29/david-gottesman-leading-investor-in-friend-buffett-dies-at-96 RIP Link to comment Share on other sites More sharing options...
longlake95 Posted September 29, 2022 Share Posted September 29, 2022 RIP Sandy Link to comment Share on other sites More sharing options...
yesman182 Posted September 30, 2022 Share Posted September 30, 2022 1 hour ago, longlake95 said: RIP Sandy RIP indeed. I feel like warren has had a lot of friends pass away recently. I guess that is hard to avoid when you live into your 90s. Link to comment Share on other sites More sharing options...
VersaillesinNY Posted September 30, 2022 Share Posted September 30, 2022 RIP Mr Gottesman https://www.wsj.com/articles/david-s-gottesman-friend-of-warren-buffett-has-died-at-age-96-11664501670 https://www.nytimes.com/2022/09/29/business/dealbook/david-s-gottesman-dead.html Link to comment Share on other sites More sharing options...
Spekulatius Posted September 30, 2022 Share Posted September 30, 2022 Is there some longevity gene with Berkshire investors? Maybe a hidden benefit. Key to compounding is duration and that's where Buffett is king, doing this for more than 60 years now. Even a mediocre investor will do well if he lasts long enough; at least that's what I keep telling myself. Link to comment Share on other sites More sharing options...
longlake95 Posted September 30, 2022 Share Posted September 30, 2022 (edited) I think the longevity/BRK connection is under-appreciated. It’s one of the many non-financial lessons I’ve learned from WEB/CTM. Living “simply”, minimizing harmful health habits, meaningful relationships with family/friends, minimizing stress and being happy. Stress is way worse for you than a few cokes once and a while. Of course, having a little $$$ helps with the stress factor. there seems to be alot of old value investors. Edited October 1, 2022 by longlake95 Link to comment Share on other sites More sharing options...
crs223 Posted October 1, 2022 Share Posted October 1, 2022 I think/hope “doing what you love” is an important component. I’m thankful to not be in the camp of “I hate my job; can’t wait till it’s Friday”. Link to comment Share on other sites More sharing options...
boilermaker75 Posted October 1, 2022 Share Posted October 1, 2022 (edited) 10 hours ago, Spekulatius said: Is there some longevity gene with Berkshire investors? Maybe a hidden benefit. Key to compounding is duration and that's where Buffett is king, doing this for more than 60 years now. Even a mediocre investor will do well if he lasts long enough; at least that's what I keep telling myself. So you're telling me there is a chance? Edited October 1, 2022 by boilermaker75 Link to comment Share on other sites More sharing options...
UK Posted October 1, 2022 Share Posted October 1, 2022 13 hours ago, Spekulatius said: Is there some longevity gene with Berkshire investors? Maybe a hidden benefit. Key to compounding is duration and that's where Buffett is king, doing this for more than 60 years now. Even a mediocre investor will do well if he lasts long enough; at least that's what I keep telling myself. You are not the only one asking these questions:). From 2020 letter: "When our partnership distributed its Berkshire shares in 1969, all of the doctors kept the stock they received. They may not have known the ins and outs of investing or accounting, but they did know that at Berkshire they would be treated as partners. Two of Stan’s comrades from Emdee are now in their high-90s and continue to hold Berkshire shares. This group’s startling durability – along with the fact that Charlie and I are 97 and 90, respectively – serves up an interesting question: Could it be that Berkshire ownership fosters longevity?" Link to comment Share on other sites More sharing options...
Spekulatius Posted October 1, 2022 Share Posted October 1, 2022 There is absolutely a lesson here. Longevity is one of the secrets to be a successful investor. Buffet, Munger, Walter Schloss all lasted a long time. Buffett elaborated this in his talks to students where he tells them that you have only one body and so you need to take care of it. He himself is a bit of a mixed example because of his terrible diet. Of course the other key thing is not to blow up financially. Link to comment Share on other sites More sharing options...
scorpioncapital Posted October 2, 2022 Share Posted October 2, 2022 just a thought. i read an article that astronomers live a long time because they have to track or see cosmic phenomena that take decades to develop. Supposedly this gives them a motivation to stick around ) . I suspect investing and compounding is the same. You get curious what the world throws at you next. Link to comment Share on other sites More sharing options...
CorpRaider Posted October 2, 2022 Share Posted October 2, 2022 (edited) RIP Edited October 2, 2022 by CorpRaider Link to comment Share on other sites More sharing options...
Spekulatius Posted October 2, 2022 Share Posted October 2, 2022 I think longevity has a lot to do with living a healthy lifestyle and to live and work on your own terms. WEB tap dances to work, has the office environment arranged the way he wants and works with the people he wants to work. Be probably has way less stress through his life than the average CEO or money manager. That could be worth an extra 5-10 years of the lifespan. Link to comment Share on other sites More sharing options...
scorpioncapital Posted October 3, 2022 Share Posted October 3, 2022 Buffet eats horribly. I am now 100% believer in genes over any environmental actions. George Burns smoked like a chimney and died over 100. Link to comment Share on other sites More sharing options...
CassiusKing1 Posted October 3, 2022 Share Posted October 3, 2022 WEB is pretty focused on his health. He's having too much fun and enjoying himself too much not to make the effort to exercise. I remember a quote from him along these lines: "My knee's are in great shape, while the other young men were playing football, I was reading. My knee cartilage was pretty much stored in a box in great shape until I needed it later in life." I'm too lazy to lookup at what age WEB's parents passed, but I think a lot of it is a stress free, happy life. Stress and worry is a killer. Link to comment Share on other sites More sharing options...
Cigarbutt Posted October 3, 2022 Share Posted October 3, 2022 24 minutes ago, scorpioncapital said: Buffet eats horribly. I am now 100% believer in genes over any environmental actions. George Burns smoked like a chimney and died over 100. That's quite a strong statement.. It's been suggested that people who live to reach their 90s and centenarians (with adequate physical and cognitive ability) have an unusual collection of genes. But environmental factors do influence, at the margin, for most. Resilience (defined as an ability to do well in all environments, especially with headwinds) may also be a factor (genetic/environmental component). From references, Mr. Gottesman got the core of his BRK shares when Diversified Retailing ("a terrible mistake") was merged into Berkshire Hathaway in the early 70s. Mr. Gottesman was also reported to be an avid swimmer, well into advanced life. Interesting life. RIP Link to comment Share on other sites More sharing options...
cubsfan Posted October 4, 2022 Share Posted October 4, 2022 Yeah, he eats like shit, but never drinks or smokes. Exercises every day and is a fanatic calorie counter. Can't have everything! Link to comment Share on other sites More sharing options...
fareastwarriors Posted February 26 Share Posted February 26 Doctor gifts Bronx medical school $1 billion to cover tuition for all students https://www.nbcnewyork.com/news/local/doctor-gifts-bronx-medical-school-1-billion-to-cover-tuition-for-all-student/5170432/ The $1 billion donation was made possible by Gottesman's late husband, David Gottseman, also known as Sandy. Her late husband died in 2022 after a long career in Manhattan working at investment firms, according to The New York Times. Link to comment Share on other sites More sharing options...
schin Posted February 28 Share Posted February 28 On 2/26/2024 at 12:44 PM, fareastwarriors said: Doctor gifts Bronx medical school $1 billion to cover tuition for all students https://www.nbcnewyork.com/news/local/doctor-gifts-bronx-medical-school-1-billion-to-cover-tuition-for-all-student/5170432/ The $1 billion donation was made possible by Gottesman's late husband, David Gottseman, also known as Sandy. Her late husband died in 2022 after a long career in Manhattan working at investment firms, according to The New York Times. Man -- those that graduated last year.. is kicking themselves... Free tuition going forward... I need to try to get my kids admitted there now! LOL Link to comment Share on other sites More sharing options...
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