I am concerned about Berkshire post-Buffett. Greg Abel as future CEO stands a chance of preserving the Berkshire culture of operating its businesses independently. However, it will become increasingly difficult without Buffet’s large vote, and, with the rise of index investing to resist short term pressures index investment groups. For now, I will continue to hold 30% of my liquid net worth in Berkshire and sleep well.
Einstein discovered beautiful equations, but their full utility only became apparent with time. That is the hope – not the guarantee – of crypto.
The US stock market index has not progressed since 1971 if you denominate the index in ounces of gold rather than dollars. This is true but neglects the role of dividends in driving stock market returns. Including dividends, the total stock market return is close to 4X that of gold.
Berkshire’s most notable investment in 2020 was in buying back its own stock.
In this part, you’ll learn how to buy tokens in a decentralized hedge fund and then stake those tokens so you can vote as well as earn rewards.