Groups > alt.folklore.computers > #153191

Re: stocks: Oracle vs. SAP

From	Stephen Sprunk <stephen@sprunk.org>
Newsgroups	alt.folklore.computers
Subject	Re: stocks: Oracle vs. SAP
Date	2015-10-21 16:38 -0500
Organization	A noiseless patient Spider
Message-ID	<n090gl$pk6$1@dont-email.me> (permalink)
References	(1 earlier) <n08ic6$o3$1@dont-email.me> <n08ja7$4kq$1@dont-email.me> <n08lgu$ddq$1@dont-email.me> <n08mts$jcc$1@dont-email.me> <c8016539-cdda-49f6-98ec-b9e74c389eb1@googlegroups.com>

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On 21-Oct-15 14:48, hancock4@bbs.cpcn.com wrote:
> Stephen Sprunk wrote:
>> Warren Buffett, who arguably _is_ the world's greatest investor,
>> made billions by doing the exact opposite of what Wall St says.
> 
> He has quite an empire.  However, he is up in years, and I wonder
> what will happen to his empire when he passes.

Most of his personal wealth will be donated to charity, minus a tiny
fraction (though still in the millions) for his kids.

I haven't seen any plans to break up Berkshire Hathaway, nor would I
expect any major changes.  I doubt many, if any, of BH's moves in the
last few decades were his ideas at all; most/all probably originated
with his subordinates after they internalized his system and how to
structure deals so he'd approve.  If they're smart--and he doesn't seem
like the type to suffer fools lightly, they'll just keep doing exactly
what they've been doing all along.

In particular, Buffett's strategy has _nothing_ to do with business
fads, market timing, etc.; he's been doing exactly the same things in
the same ways for more than half a century under every type of market
conditions and he's always been successful, so it'll be very difficult
for even stupid successors to justify changing _anything_.

S

-- 
Stephen Sprunk         "God does not play dice."  --Albert Einstein
CCIE #3723         "God is an inveterate gambler, and He throws the
K5SSS        dice at every possible opportunity." --Stephen Hawking

Thread

stocks:  Oracle vs. SAP hancock4@bbs.cpcn.com - 2015-10-21 10:16 -0700
  Re: stocks:  Oracle vs. SAP Dan Espen <despen@verizon.net> - 2015-10-21 13:37 -0400
    Re: stocks: Oracle vs. SAP Stephen Sprunk <stephen@sprunk.org> - 2015-10-21 12:53 -0500
      Re: stocks: Oracle vs. SAP Dan Espen <despen@verizon.net> - 2015-10-21 14:30 -0400
        Re: stocks: Oracle vs. SAP Stephen Sprunk <stephen@sprunk.org> - 2015-10-21 13:54 -0500
          Re: stocks: Oracle vs. SAP hancock4@bbs.cpcn.com - 2015-10-21 12:48 -0700
            Re: stocks: Oracle vs. SAP Huge <Huge@nowhere.much.invalid> - 2015-10-21 20:09 +0000
              Re: stocks: Oracle vs. SAP Walter Bushell <proto@panix.com> - 2015-11-20 21:41 -0500
            Re: stocks: Oracle vs. SAP Stephen Sprunk <stephen@sprunk.org> - 2015-10-21 16:38 -0500
      Re: stocks: Oracle vs. SAP hancock4@bbs.cpcn.com - 2015-10-21 12:45 -0700
        Re: stocks: Oracle vs. SAP Stephen Sprunk <stephen@sprunk.org> - 2015-10-21 16:07 -0500
        Re: stocks: Oracle vs. SAP Peter Flass <peter_flass@yahoo.com> - 2015-10-21 17:56 -0400
      Re: stocks: Oracle vs. SAP Peter Flass <peter_flass@yahoo.com> - 2015-10-21 17:56 -0400
    Re: stocks:  Oracle vs. SAP scott@slp53.sl.home (Scott Lurndal) - 2015-10-21 18:05 +0000

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