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Here is a fantastic farewell message that Seth Klarman wrote on Buffett's retirement for The Atlantic, How Buffett did it? https://web.archive.org/web/202500

Here is a fantastic farewell message that Seth Klarman wrote on Buffett's retirement for The Atlantic, How Buffett did it? https://web.archive.org/web/20250000000000*/https://www.theatlantic.com/ideas/2025/12/warren-buffett-retirement/685294/ https://web.archive.org/web/20250000000000*/https://www.thea...

abirch 9mo ago
Buffett's Alpha: http://docs.lhpedersen.com/BuffettsAlpha.pdf http://docs.lhpedersen.com/BuffettsAlpha.pdf tldr; he was leveraged with good stocks
- lifeisstillgood 9mo ago
  “””Whether it’s socks or stocks, I like buying quality merchandise when it is marked down”””. Buffet, BH annual report 2008
- agobineau 9mo ago
  this is a very interesting read, thank you for posting you may consider a simple example for yourself: Portfolio $100,000.00 $60k into US Tbills, (3, 5, 10y) $40k into SP500 cash $40k into Sp500 on margin $140k exposure For the portfolio to be wiped out, you would need to have a 50% drawdown in the sp500 which hasn't happened in 90 years, and that assumes in a crash your tbill face value wont soar due to rate cuts
chistev 9mo ago
That link isn't loading up for me.
- senthil_rajasek 9mo ago
  Try this one. https://web.archive.org/web/20251231204056/https://www.theatlantic.com/ideas/2025/12/warren-buffett-retirement/685294/ https://web.archive.org/web/20251231204056/https://www.theat...