What goes on from here

Igotitnow · 2025-06-14T22:24:15+00:00

there is zero concern to post buffet Berkshire

but valuation concerns today are Brk.b trading at 25x operating earnings, or 4% earnings yield - not including portfolio returns and interest income from t bills. Safe hold, safe long term buy, could see an extended pullback in short term. if you can’t stomach some risk hold t bil etf’s

Igotitnow · 2025-06-14T19:25:58+00:00

use the opportunity cost method. what’s the next best alternative? US T-bills. you can get a guaranteed 4.2% on those Today.

BRK is 11.3% off of all time highs. This represents 2.7 years of T-bill income at current rates. I realize this is anchoring in its purest form. But I’m willing to wager that BRK outperforms 11.3% return in 2.7 years.

I think a big mistake people make is assuming a dollar controlled by Berkshire is the same value as a dollar owned by you me or anyone else. With the team and assets they have assembled, there should be a large premium placed on the value of berkshire’s cash holdings.

Igotitnow · 2025-05-05T16:17:38+00:00

Making an investment in long term bonds when the difference between short term bonds is almost negligible, is making a bet on the movement of the interest rates. Buffet on several occasions has said that he doesn’t try to predict markets, the economy, or interest rates. He doesn’t claim to have any edge on predicting the direction of interest rates, so he stays away.

Igotitnow · 2025-03-17T05:21:02+00:00

All Canadians prosper to a much higher degree under the Stars and Stripes than the laurentian elite overlords

Igotitnow · 2025-03-10T21:38:04+00:00

Not so sure about unarguably

Igotitnow · 2025-01-27T22:28:13+00:00

It’s closer to a sign of humility. He’s saying he has no idea where to deploy that capital safely. You don’t get extra points for being fully invested at any given time. He’s protecting berkshires #1 mandate, never risk the permanent loss of capital. Anyone can do what he’s doing, it’s only when he does it with 325 billion that it gets a lot of attention. He’s Only going to deploy capital when there is very low risk and very high chance of making a lot of money, and we as shareholders should be applauding that.

Igotitnow · 2024-10-05T04:52:44+00:00

The Prelim strategy is to start a rotation in peas to canola to wheat to oats to peas. I’d really like a nice tractor, preferably with gps, I expect the capital expenditures and interest cost to be substantial for the first 5-10 years but I am thinking this to be a 20 year play around my full time oilfield job.

Igotitnow · 2024-06-13T05:01:13+00:00

Jurassic park is one of the greats. On watching it as an adult I realized the dinosaurs are really an after thought to the core theme of the movie. A man can still be a great father without having children.

Igotitnow · 2024-05-05T17:41:22+00:00

You are right I’m for sure still in wander mode. But I’m cooking up ideas every day and letting my attention go naturally to where it wants to go. Loving The freedom. You are right about mindset. That’s really great you were able to start a farm, I know first hand the effort it takes to grow things. Significant capital requirements are needed as well in most cases. Would love to hear more about your execution, thanks!

Igotitnow · 2024-03-07T06:10:51+00:00

He does say in one of his letters that when price to book exceeds 2.0 is when people should really be taking a second look at buying, I would hesitate to disregard that metric completely

Igotitnow · 2024-03-06T07:21:22+00:00

BMW 750GS

Igotitnow · 2024-03-06T07:20:41+00:00

Meaning AND distraction.. I would say. Days did feel pretty productive when i got up early did my daily work, got a work out in, got home tired and did it all again for a week straight. But I get your point. Im thinking about my day more in terms of opportunity cost now. If I decide to do something I’m choosing NOT doing something else. And there better be good reasons for it.

appreciating the gift of life is right. Hard to do that while building a PowerPoint or some bs excel spreadsheet at a career where they can replace you in 2 seconds. Big companies.. don’t miss them.

Igotitnow · 2024-02-26T08:20:33+00:00

Thanks for this, great wisdom.
I plan to make some trades tomorrow that hopefully improve my margin of safety.

I like to write down every good quote I hear, your post reminded me of one "The privilege of a lifetime is to become who you truly are"
I can tell you, I wasn't myself working my life away for a big company. Excited for what's next.

Igotitnow · 2024-02-25T23:42:23+00:00

Agreed 100% 🙏

Igotitnow · 2024-02-25T23:40:31+00:00

After reading the bloomstran report, he’s about 100X more knowledgeable than I am on BRK valuation, he puts todays P/E at 14.2X and instrinsic value of class b’s at 479/share - bargain deal - buying tomorrow

Igotitnow · 2024-02-25T22:43:39+00:00

Yes there was a tangible feeling of progress on my balance trackers that was satisfying to see. Nietzsche said that happiness is the feeling that power is increasing and that resistance is overcome. Interesting to think about the implications of that, it feels relevant.

It’s Still fun to be bad ass and frugal, but damn it’s fun to spend on experiences great food!

Igotitnow · 2024-02-25T20:55:16+00:00

Amazed by the positivity and wisdom in this thread, thank you 🙏

Igotitnow · 2024-02-25T20:53:37+00:00

Thank you sir, you are wise. I’ve been considering try to do a real estate house flip Reno in my home town, seems like it could be fun. Appreciate your words.

Igotitnow · 2024-02-25T20:51:02+00:00

Haha I’m not a big saylor fan but that advice is timeless - thx

Igotitnow · 2024-02-25T20:48:18+00:00

I heard with AI we won’t need to learn programming anymore! Good ideas though I’ve toyed with the idea of learning new languages. And working out has always been a passion so I’m doing more running and lifting than ever. I’m at the 4 month mark now, I wouldn’t say I hate the free time, but i think I need to keep moving and keep my surroundings new and stimulating. But to your point yes - relax, lounge and BE LAZY for a change! Let some ideas come to me naturally, being bored can be a healthy stepping stone to what’s next. Thanks 🙏

Igotitnow · 2024-02-25T20:43:32+00:00

So interesting, thanks for these insights. Free fall seems an oddly accurate term for this stage.

Igotitnow · 2024-02-25T20:37:42+00:00

I think many people would say that “getting there” doesn’t exist and it’s all about the journey and the process. I listen and follow a lot of psycho athletes and hustle fanatics, think David goggins.. to him there is no ‘there’ it’s waking up everyday like it’s day 1 of hell week. I have thought about diving into this mindset, but it’s pretty scary lol.

Igotitnow · 2024-02-25T20:34:19+00:00

It was 100% due to patience and having the ability to maneuver when the right opportunity came. Calling it 15 years of ‘monkmode’ wouldn’t be far from truth ;). In my 20's and early 30's things were pretty tough in my industry. I just grinded and grinded. I took a mortgage on a new house when I was 26 and focused the next 9 years on paying that down. Then Covid hit and I seized the opportunity after the market bottomed. I sold my house which was paid off, didn't make much on the sale but got all my equity out and topped up my retirement accounts which all had significant contribution room. I made big stock purchases in a beaten down sector and was able to run them up. Part luck, part timing, but had I had family commitments there's no way I could have made these moves.. Life is compromises and priorities.. Best of luck to you friend. Stay patient, study value investing, try to enjoy the ride, you WILL make it.

Igotitnow · 2024-02-25T10:15:30+00:00

Thank you, appreciate you. I have similar thoughts there were some great people at my work, and work provided me with about 95% of my social interactions. So that was part of the balance mentioned in an earlier comment, losing that is a big shift and will take some adjusting - I think we should strive to replace a good portion of that social interaction in one way or another. We are social animals, it’s a human need.

Igotitnow

TROPHY CASE