Warren Buffet Empire in One Giant Chart

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wstrdg
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Warren Buffet Empire in One Giant Chart

Post by wstrdg » Tue May 01, 2018 4:03 pm


snarlyjack
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Re: Warren Buffet Empire in One Giant Chart

Post by snarlyjack » Tue May 01, 2018 8:56 pm

Wstrdg,

Welcome to Bogleheads.

I like Warren Buffett & appreciated the chart.
Thanks for posting it...

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baw703916
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Re: Warren Buffet Empire in One Giant Chart

Post by baw703916 » Tue May 01, 2018 9:54 pm

Where did reinsurance go?
Most of my posts assume no behavioral errors.

NoHeat
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Re: Warren Buffet Empire in One Giant Chart

Post by NoHeat » Tue May 01, 2018 11:53 pm

Where did reinsurance go?
Bershire’s reinsurance biz is great, in good part because of manager Ajit Jain. But reinsurance doesn’t sell its product to retail customers and it doesn’t employee many, so it is overlooked by popular press stories that can choose instead to mention GEICO and Dairy Queen.

I am looking forward to going to the annual meeting again this weekend. I’ve been going regularly since 2002. And that’s nothing — two years ago I saw an old fellow there who said he owned Berkshire shares before Buffet bought it.

boglerdude
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Re: Warren Buffet Empire in One Giant Chart

Post by boglerdude » Wed May 02, 2018 12:03 am

Is it troubling that a "capital allocator" has so much more power than scientists and engineers

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cfs
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Re: Warren Buffet Empire in One Giant Chart

Post by cfs » Wed May 02, 2018 4:02 am

Thanks for the link, interesting, need to take another good look using a computer, too much for my cell phone. Good luck y gracias por leer / cfs
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lazyday
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Re: Warren Buffet Empire in One Giant Chart

Post by lazyday » Wed May 02, 2018 5:15 am

boglerdude wrote:
Wed May 02, 2018 12:03 am
Is it troubling that a "capital allocator" has so much more power than scientists and engineers
Couldn't we also consider him a manager? Part of Berkshire's advantage might be in WEB's judge of character and delegatory management style.

Anyway, Sergey Brin, Larry Page, Jeff Bezos, Elon Musk, and others have plenty of power. :)

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Re: Warren Buffet Empire in One Giant Chart

Post by z3r0c00l » Wed May 02, 2018 6:20 am

boglerdude wrote:
Wed May 02, 2018 12:03 am
Is it troubling that a "capital allocator" has so much more power than scientists and engineers
Who goes into those fields for power? Science and engineering as a whole wield vast power over civilization, few of those companies would even exist without them, but individuals who seek power need to become politicians or barons of industry. What would a powerful scientist even look like? They spend all day researching and writing papers.

Shamb3
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Re: Warren Buffet Empire in One Giant Chart

Post by Shamb3 » Wed May 02, 2018 7:43 pm

z3r0c00l wrote:
Wed May 02, 2018 6:20 am
What would a powerful scientist even look like?
Edison. He has a lab, hires other scientists to work in his lab (Tesla)

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Re: Warren Buffet Empire in One Giant Chart

Post by z3r0c00l » Thu May 03, 2018 6:33 am

Shamb3 wrote:
Wed May 02, 2018 7:43 pm
z3r0c00l wrote:
Wed May 02, 2018 6:20 am
What would a powerful scientist even look like?
Edison. He has a lab, hires other scientists to work in his lab (Tesla)
Edison was not a research scientist, an inventor and businessman better describes it. He was more like Steve Jobs, to pick a contemporary example. The most powerful and prolific scientists did achieve fame, think Einstein, but they never approached people like Ford in power. Perhaps one notable exception is the Manhattan Project.

Steve Jobs and Edison became famous and wealthy. How about the people who actually made the scientific discoveries behind the inventions? How many remember, without Googling, the names of the scientists behind the first transistor? First integrated circuit? What ever became of Faraday and Maxwell?

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stemikger
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Re: Warren Buffet Empire in One Giant Chart

Post by stemikger » Thu May 03, 2018 11:41 pm

Thanks for posting!
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baw703916
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Re: Warren Buffet Empire in One Giant Chart

Post by baw703916 » Sun May 06, 2018 6:12 pm

NoHeat wrote:
Tue May 01, 2018 11:53 pm
...reinsurance doesn’t sell its product to retail customers and it doesn’t employee many, so it is overlooked by popular press stories that can choose instead to mention GEICO and Dairy Queen.

I am looking forward to going to the annual meeting again this weekend. I’ve been going regularly since 2002. And that’s nothing — two years ago I saw an old fellow there who said he owned Berkshire shares before Buffet bought it.
Agreed. It's just that retail or not, given the prominence of reinsurance on Berkshire's balance sheet and income statement, it seems like a pretty big oversight to not mention it.

Hope you are having a good weekend at the annual meeting!
Most of my posts assume no behavioral errors.

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