Author Topic: Buffett's successor - Bill Gates?  (Read 3602 times)

globalfinancepartners

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Re: Buffett's successor - Bill Gates?
« Reply #10 on: September 17, 2018, 04:06:06 PM »
Meph, I agree that Todd or Ted would probably be great choices, but I'll bet you $1.00 that Greg Abel is the next CEO of Berkshire Hathaway






("Both Jain and Abel are experts in their respective industries, so why pull them away to run the rest of Berkshire." - already happened with Abel)


rkbabang

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Re: Buffett's successor - Bill Gates?
« Reply #11 on: September 17, 2018, 05:26:07 PM »
It seems like Buffett's successor will be Bill Gates.   Here are some reasons:

1.  Bill Gates is coming on TV together with Buffett when speaking about Berkshire.   
2.  Bill Gates' foundation owns a big % of Berkshire shares (much of which comes from Buffett).
3.  Bill Gates is young.
4.  Bill Gates is a combination of Buffett and Munger.

Curious what other people think of this.

#4 baffles me. Why woyld you say that?  Gates made a great, and sometimes ruthless, leader of a software company, but how is that anything like Buffett and Munger, or a combination of the two?

Nell-e

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Re: Buffett's successor - Bill Gates?
« Reply #12 on: September 17, 2018, 05:37:44 PM »
My observation is that once people reach a certain level of wealth, their attention turns to legacy.  I don't think Gates would want the job cause there's no upside for his legacy.

However, if his foundation is able to solve various world problems i.e. malaria, re-imagining education that would be do much more for his legacy.


captkerosene

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Re: Buffett's successor - Bill Gates?
« Reply #13 on: September 17, 2018, 05:59:24 PM »
Did anyone else notice that WEB doesn't seem to be interested in Gates's opinions on investing in individual companies. Did he even ask Gates about Apple? I don't think so. On CNBC recently someone was asking WEB about Apple and WEB looked over at CM for an opinion on something. Gates was sitting right there and being ignored. Leads me to believe WEB might think of BG as a one trick pony.

Parsad

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Re: Buffett's successor - Bill Gates?
« Reply #14 on: September 17, 2018, 06:01:44 PM »
It seems like Buffett's successor will be Bill Gates.   Here are some reasons:

1.  Bill Gates is coming on TV together with Buffett when speaking about Berkshire.   
2.  Bill Gates' foundation owns a big % of Berkshire shares (much of which comes from Buffett).
3.  Bill Gates is young.
4.  Bill Gates is a combination of Buffett and Munger.

Curious what other people think of this.

#4 baffles me. Why woyld you say that?  Gates made a great, and sometimes ruthless, leader of a software company, but how is that anything like Buffett and Munger, or a combination of the two?

Buffett was far from a benign leader.  He could be ruthless when he needed to be...Sokol's firing, Salmon Brothers incident, the original takeover of Berkshire because he got screwed over on 1/8th of a dollar. 

I can't imagine a better Chairman than Gates.  Howard is a very nice fellow, but really I think shareholder's would be best served with Gates as non-executive Chairman.  Who else in the world would better understand how to maintain a moat through thick and thin? 

He became the richest person in the world when he was a little older than Zuckerberg, and remained so for most of the last 30 years once Sam Walton's wealth was split up and until all of the other tech wonderkinds took over the world.  In this type of environment he has not only endured, but survived and maintained his wealth, all the while creating the greatest philanthropic foundation in history, funded by his best friend who was often the 2nd richest man in the world over the same 30 years!  And he's still young enough to Chair Berkshire for another 30 years!  Cheers!
No man is a failure who has friends!

Parsad

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Re: Buffett's successor - Bill Gates?
« Reply #15 on: September 17, 2018, 06:04:47 PM »
Did anyone else notice that WEB doesn't seem to be interested in Gates's opinions on investing in individual companies. Did he even ask Gates about Apple? I don't think so. On CNBC recently someone was asking WEB about Apple and WEB looked over at CM for an opinion on something. Gates was sitting right there and being ignored. Leads me to believe WEB might think of BG as a one trick pony.

Are you kidding me!  Bill Gates has his hands in as many industries as Buffett through Cascade Investments.  Gates might have made his fortune in technology, but I suspect he'd be an extraordinary money manager.  I would certainly put him ahead of Li Lu!  And Munger is a huge fan of Li Lu's.  Cheers!
No man is a failure who has friends!

globalfinancepartners

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Re: Buffett's successor - Bill Gates?
« Reply #16 on: September 17, 2018, 08:12:19 PM »
I agree Gates would be, and probably is, a great money manager.  But Michael Larson manages Cascade and is a great manager in his own right.  I have no idea what their arrangement is in terms of Larson getting full autonomy to make decisions but I have the impression Gates is primarily involved in the private stuff (VC investment, Four Seasons, etc) and Larson has full oversight of the public securities portfolio - in both the foundation and Cascade.

edit: more on Larson, who has a dream job for sure:
https://money.cnn.com/magazines/fortune/fortune_archive/1999/03/15/256491/index.htm
https://en.wikipedia.org/wiki/Michael_Larson_(businessman)
« Last Edit: September 17, 2018, 08:21:32 PM by globalfinancepartners »

Parsad

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Re: Buffett's successor - Bill Gates?
« Reply #17 on: September 18, 2018, 12:16:48 AM »
I agree Gates would be, and probably is, a great money manager.  But Michael Larson manages Cascade and is a great manager in his own right.  I have no idea what their arrangement is in terms of Larson getting full autonomy to make decisions but I have the impression Gates is primarily involved in the private stuff (VC investment, Four Seasons, etc) and Larson has full oversight of the public securities portfolio - in both the foundation and Cascade.

edit: more on Larson, who has a dream job for sure:
https://money.cnn.com/magazines/fortune/fortune_archive/1999/03/15/256491/index.htm
https://en.wikipedia.org/wiki/Michael_Larson_(businessman)

Absolutely!  But Gates hired Larson, who has been doing the job for over 20 years now.  If you are looking for someone to put quality people in place, I think Bill Gates not only has the contacts, he has the same respect Buffett does in terms of people wanting to work for him.  That would make an ideal Chairman, especially since so much of Berkshire stock will be in the Gates Foundation...essentially, they will be the largest shareholder.  Cheers!
No man is a failure who has friends!

rkbabang

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Re: Buffett's successor - Bill Gates?
« Reply #18 on: September 18, 2018, 05:53:22 AM »
It seems like Buffett's successor will be Bill Gates.   Here are some reasons:

1.  Bill Gates is coming on TV together with Buffett when speaking about Berkshire.   
2.  Bill Gates' foundation owns a big % of Berkshire shares (much of which comes from Buffett).
3.  Bill Gates is young.
4.  Bill Gates is a combination of Buffett and Munger.

Curious what other people think of this.

#4 baffles me. Why woyld you say that?  Gates made a great, and sometimes ruthless, leader of a software company, but how is that anything like Buffett and Munger, or a combination of the two?

Buffett was far from a benign leader.  He could be ruthless when he needed to be...Sokol's firing, Salmon Brothers incident, the original takeover of Berkshire because he got screwed over on 1/8th of a dollar. 

I can't imagine a better Chairman than Gates.  Howard is a very nice fellow, but really I think shareholder's would be best served with Gates as non-executive Chairman.  Who else in the world would better understand how to maintain a moat through thick and thin? 

He became the richest person in the world when he was a little older than Zuckerberg, and remained so for most of the last 30 years once Sam Walton's wealth was split up and until all of the other tech wonderkinds took over the world.  In this type of environment he has not only endured, but survived and maintained his wealth, all the while creating the greatest philanthropic foundation in history, funded by his best friend who was often the 2nd richest man in the world over the same 30 years!  And he's still young enough to Chair Berkshire for another 30 years!  Cheers!

Chairman certainly, CEO no.  Berkshire is a different animal than Microsoft. Different skills and talents are needed.

captkerosene

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Re: Buffett's successor - Bill Gates?
« Reply #19 on: September 24, 2018, 10:31:10 PM »
I'm a believer that there can be only one person in charge. Buffett has never consulted the BOD regarding an acquisition as far as I know. The BRK BOD is mostly a ceremonial position. Gates is a great resource, but the CEO should be the COB.