Quote:
Originally Posted by OrangeBlossomBaby
I think Warren Buffett is 94 years old, and preparing to cash out of the earthly plane. He knows he can't take it with him. He's stated many times that he wants to give most of it away. He's already given away billions over his lifetime. He also has kids and grandkids to inherit whatever is left over after he gives away the bulk of his estate.
"When the time is right" doesn't really mean much when you're 94 years old.
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Hmmm, the stock referenced in this thread, that Buffet is liquidating, is owned by BRK, and he is the CEO of that company. That has nothing to do with how he manages the assets in his personal estate. As the CEO of Berkshire Hathaway, he has a responsibility to do what he feels is right for the constituents of the company, not himself. The time horizon of his personal estate and BKR are mutually exclusive.