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Warren Buffett's final shareholder letter [pdf]

https://berkshirehathaway.com/news/nov1025.pdf
92•philip1209•2h ago

Comments

Flatcircle•2h ago
classy to the end
gwbas1c•1h ago
> In 1958, I bought my first and only home. Of course, it was in Omaha, located about two miles from where I grew up (loosely defined), less than two blocks from my in-laws, about six blocks from the Buffett grocery store and a 6-7-minute drive from the office building where I have worked for 64 years.

Is Warren Buffett getting into the meme too?

bfkwlfkjf•1h ago
What's the meme?
nocoiner•1h ago
It’s literally just saying 6-7. No, I don’t get it either. My kids thought it was hilarious to watch me grapple with it, though.
bfkwlfkjf•1h ago
https://en.wikipedia.org/wiki/6-7_(meme)
usefulcat•1h ago
I don't get it either but me using it is a great way to annoy my kids.
IncreasePosts•48m ago
It originated as a brag - a basketball player said it like "I am 6' 7", therefore I am a high quality male and women should reproduce with me". Then shorter people picked up on it
johnebgd•28m ago
It’s the Waaaasssssuuuupppp of the Gen Alpha.
sethev•1h ago
Hah - I think it's more likely that he has it timed and it literally takes between 6-7 minutes.
handfuloflight•1h ago
End of an era.
bfkwlfkjf•1h ago
Here's a person with integrity. They're very rare these days, especially amongst the wealthy.
harry8•45m ago
He definitely wants us to think that about his integrity, his fans even more so and in fairness, he's pretty good. Not quite the sunday-school capitalism perfection that some would have us believe. Which can grate a bit if you've looked in detail at his career.
chasil•21m ago
Alas, this is not his only foible.

https://www.cnbc.com/2015/05/02/warren-buffett-defends-clayt...

absurdity67•1h ago
What are the odds of all these hugely successful people living a stone's throw from each other in middle of nowhere Nebraska?

Obviously there is something going on there, magic, lots of minerals in the water, something...

IncreasePosts•50m ago
Maybe it just shows that opportunity is the most important aspect of (some measure of) success. It's not that these were one in a billion folks. Maybe buffett himself was one in a billion, and by just giving the normies around him opportunities, many of them made something massive out of it
Mistletoe•55m ago
If you are younger than 95, you are richer than Warren. Time is our finite resource and I'm sure he would give anything to trade places with you. Spend your riches wisely.
MichaelZuo•48m ago
A 25-30 year old man with all the accumulated wisdom and life experiences of a 95 year old highly successful man… would literally have opportunities worth many trillions of dollars?

Because they would literally be multiple times better than the next most competent person on Earth of a similar age, and literally dozens of times better than even the median unicorn founder.

So it seems like a given that the relatively paltry sum that Berskhire controls would be insignificant in comparison.

jacobkranz•38m ago
With all due respect, I think your analysis is wrong. He points out how much luck plays into everything and so even if someone younger with 95 year experience came out I think he'd point out that in the end there's an element of luck to everything. The world isn't deterministic.
saalweachter•21m ago
Would you rather be 95 years old with a trillion dollars or 25 years old with a thousand?
neilv•4m ago
If only more billionaires would start sounding as aware as this 95 year-old one:

> But Lady Luck is fickle and – no other term fits – wildly unfair. In many cases, our leaders and the rich have received far more than their share of luck – which, too often, the recipients prefer not to acknowledge. Dynastic inheritors have achieved lifetime financial independence the moment they emerged from the womb, while others have arrived, facing a hell-hole during their early life or, worse, disabling physical or mental infirmities that rob them of what I have taken for granted. In many heavily-populated parts of the world, I would likely have had a miserable life and my sisters would have had one even worse.

> I was born in 1930 healthy, reasonably intelligent, white, male and in America. Wow! Thank you, Lady Luck. My sisters had equal intelligence and better personalities than I but faced a much different outlook.

> [...] A Few Final Thoughts [remaining 7 paragraphs possibly directed at current events]

In a Skyscraper City, They Fix Cobblestone Streets by Hand

https://www.nytimes.com/2025/11/08/nyregion/nyc-cobblestone-streets.html
1•bookofjoe•42s ago•0 comments

The 'Toy Story' You Remember

https://animationobsessive.substack.com/p/the-toy-story-you-remember
1•ani_obsessive•4m ago•0 comments

Paramount Cuts 1,600 More Jobs as Part of Plan to Save $3B

https://www.bloomberg.com/news/videos/2025-11-10/paramount-cuts-1-600-more-jobs-in-cost-cutting-m...
2•mgh2•6m ago•0 comments

Recessions have become ultra-rare. That is storing up trouble

https://www.economist.com/finance-and-economics/2025/11/10/recessions-have-become-ultra-rare-that...
2•andsoitis•7m ago•0 comments

Happy 30th Birthday Task Manager

https://www.youtube.com/watch?v=yQykvrAR_po
2•quizme2000•8m ago•1 comments

Universal Basic Income in an AGI Future

https://substack.com/home/post/p-178560893
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Space Dj

https://magenta.withgoogle.com/spacedj-announce
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The Definitive Classic Mac Pro (2006-2012) Upgrade Guide

https://blog.greggant.com/posts/2018/05/07/definitive-mac-pro-upgrade-guide.html
1•ibobev•14m ago•0 comments

Natural Language, Semantic Analysis, and Interactive Fiction (2006) [pdf]

https://worrydream.com/refs/Nelson_G_2006_-_Natural_Language,_Semantic_Analysis_and_Interactive_F...
1•vinhnx•18m ago•0 comments

Show HN: Data Modeling Ancient Chinese Logic (Bazi/Ziwei Doushu) with AI

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Precision Spindle Metrology Pt.1: Fundamental Concepts [video]

https://www.youtube.com/watch?v=gt2gK-oxy5s
1•pillars•27m ago•1 comments

State of Crypto

https://stateofcrypto.a16zcrypto.com/
1•gmays•27m ago•0 comments

Branches influence the performance of your code and what can you do about it

https://johnnysswlab.com/how-branches-influence-the-performance-of-your-code-and-what-can-you-do-...
2•vinhnx•30m ago•0 comments

Lloyd's Open Form

https://en.wikipedia.org/wiki/Lloyd%27s_Open_Form
2•thunderbong•32m ago•0 comments

Is Fast Charging Killing the Battery? A 2-Year Test on 40 Phones [video]

https://www.youtube.com/watch?v=kLS5Cg_yNdM
1•zdw•36m ago•0 comments

A Couple of Cool Neurotech Companies

https://thelightcone.substack.com/p/a-couple-of-cool-neurotech-companies
1•bci12333•38m ago•0 comments

We built a black box X-Ray for AI Agents

https://devhunt.org/tool/agent-compass-by-future-agi
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Virginia Teen Narrowly Defeats His Former Civics Teacher in County Election

https://www.nytimes.com/2025/11/07/us/politics/surry-county-virginia-supervisor-election.html
10•zdw•40m ago•1 comments

Dioxus 0.7: User interfaces in Rust that run anywhere

https://github.com/DioxusLabs/dioxus/releases/tag/v0.7.0
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Aussie Engineers, Get to the States

https://thundergolfer.com/blog/get-to-the-states
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Dundee and US surgeons achieve world-first remote stroke surgery on a human body

https://www.bbc.com/news/articles/cjw983pvz6lo
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Ask HD: How should the UK Post Office problem be solved?

https://www.bbc.co.uk/news/articles/cz6n2v7ywgeo
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My Reporting on the Columbia Protests Led to My Deportation

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iPhone Air Sales Are So Bad That Apple's Delaying the Next-Generation Version

https://www.macrumors.com/2025/11/10/next-generation-iphone-air-delayed/
4•mgh2•54m ago•1 comments

Show HN: Typesafe async friendly unopinionated enhancements to SQLAlchemy Core

https://github.com/sayanarijit/sqla-fancy-core
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Grammars Written for Antlr v4

https://github.com/antlr/grammars-v4
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AI is all about inference now

https://www.infoworld.com/article/4087007/ai-is-all-about-inference-now.html
3•tanelpoder•1h ago•0 comments

AI's bubble just entered a new phase. This one's debt-fuelled

https://www.afr.com/chanticleer/184b-in-seven-weeks-the-other-ai-surge-investors-must-watch-20251...
3•zerosizedweasle•1h ago•1 comments

Too Good to Be Bad: On the Failure of LLMs to Role-Play Villains [pdf]

https://arxiv.org/abs/2511.04962
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Rising Prevalence of Sleep Apnoea During Nighttime Heatwaves Across Europe

https://publications.ersnet.org/content/erj/early/2025/09/28/1399300301631-2025
1•PaulHoule•1h ago•0 comments