Warren Buffets turns 94 today and the market gave him an early birthday present on Wednesday…
…a company worth one TRIIIILLLLIIIOOONNN dollars.
This week Berkshire Hathaway joined Apple, Microsoft, Nvidia, Google, Amazon and Meta in the 4 Comma Club – a company with a market cap over $1T.
Sing along with me… One of these things (is not like the others).
Berkshire is surrounded by super-sexy, big tech.
Lil ole Berkshire isn’t changing the world like the company(ies) it keeps.
Berkshire Hathaway started as a textile manufacturer and it didn’t get much more exciting after Warren took over in 1965.
Outside of their investment portfolio, they own really, REALLY boring (but very profitable) businesses.
Home and Auto Insurance (GEICO)
Running Shoes (Brooks)
Business Furniture Rental (CORT)
Candy Stores (See’s)
Underwear (Fruit of the Loom)
Paint (Benjamin Moore)
Truck Stops (Pilot)
The list… YAWN… goes on.
The only sexy company they own is NetJets (private jet timeshares).
My point is that hitting home runs isn’t the only way to win the game. In fact, it’s the LEAST likely way to win.
The odds aren’t in favor of hitting a home run, despite what survivor bias makes our monkey minds think.
So instead of looking for the next big thing – job, investment, etc – find the thing that’s consistently profitable and then rinse and repeat.
Successfully rinsing and repeating over 60 years is what gave Uncle Warren a pretty sweet birthday present for his 94th birthday.
Enjoy the long weekend! I know Warren will!
