Portfolio Structure Recap I only manage money for myself and my businesses – not for others. Here is a recap of the structure of my portfolios. This fund aims to… Read More »3Q2023 Investing Update – Members Only
2Q2023 Investing Update This isn’t advice on how to invest your money or someone else’s money. I’m sharing my experience. A lot – if not all – of these investments… Read More »2Q2023 Investing Update – Members Only
The Weekly Blip SPECIAL: May 5th This week, I’m taking a break from sharing three links, to instead share three lessons I have learned from investing in an AngelList Rolling… Read More »Three Obscure Lessons from AngelList Rolling Funds – Members Only
Talmud, Fun and Growth This isn’t advice on how to invest your money or someone else’s money. I’m sharing my experience. A lot – if not all – of these… Read More »January 2023: Investing Review of 2022 – Members Only
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.
Bitcoin provokes strong reactions – positive and negative. Warren Buffett thinks Bitcoin is a bubble (“rat poison squared”). Meanwhile, large public companies are starting to get on board with Bitcoin – Square recently bought $50M worth and Paypal are planning to add Bitcoin to Venmo in 2021.
I have moved all of my investments to a passive approach so I can divert more time to building businesses instead of stock picking/reading about markets.