>But it's true. I could name half a dozen people that I think can compound $1 million at 50% per year -- at least they'd have that return expectation -- if they needed it. They'd have to give that $1 million their full attention. But they couldn't compound $100 million or $1 billion at anything remotely like that rate.
Yep, you also wouldn't give the same computer/software advice to your grandma as you would a peer at work. Buffet is telling us to leave trading to the pros, but he absolutely trades.
Buffet is arguably the best who’s ever done it. He can do things your layperson shouldn’t try. Just because Bruce Lee could do an impressive spin kick, it doesn’t make spin kicks a good idea for 99% of people to try in a self defense situation.
Sort of, not really? Most of BRK is invested in 100% wholly owned companies. They do have a "small"[0] public equity portfolio, that does change investments periodically, but most of those investments are also pretty long term, if you go look.
tim333|2 years ago
>But it's true. I could name half a dozen people that I think can compound $1 million at 50% per year -- at least they'd have that return expectation -- if they needed it. They'd have to give that $1 million their full attention. But they couldn't compound $100 million or $1 billion at anything remotely like that rate.
A lot depends on the details of who's doing what.
envsubst|2 years ago
the_gastropod|2 years ago
envsubst|2 years ago
zie|2 years ago
Wholly owned companies list: https://berkshirehathaway.com/subs/sublinks.html
0: In terms of BRK's overall wealth, it's still in the many billions of dollars.