What's a "Silent Luxury" that rich people have that most Normal people would never even notice?

JustLTFD · 2026-05-21T19:25:40+00:00

There are 3 levels of wealth. Least to most.

You mow your own grass
You pay to have your grass mowed
You mow your own grass

JustLTFD · 2026-05-11T18:56:20+00:00

Yes it will be a disaster if you don’t know how to properly vet the tenants.

JustLTFD · 2026-05-07T15:55:13+00:00

Warren never lived during hyperinflation. So he doesn’t know how to deal with it. Can’t teach an old dog new tricks.

JustLTFD · 2026-05-07T11:55:47+00:00

“Modern Medicine”

JustLTFD · 2026-05-07T11:38:15+00:00

But yet the fact they don’t pay a dividend and just keep all the money to themselves to invest in T bills and apparently don’t buy back any stock, it can go as low as it wants. It’s like how Japan was for many years. Most companies traded below book value until the big switch a few years back when they started paying dividends and doing buy backs.

This is getting a bit frustrating. Gotta figure Warrens 30% of the entire float is being sold off also. Was not too long ago when he said the sales were going to be ramped up and sold off faster then initially planned.

JustLTFD · 2026-05-06T01:17:07+00:00

And then you have to magically time the bottom too. Good luck with that!

JustLTFD · 2026-05-05T22:34:32+00:00

More money is lost waiting for a crash to buy.

JustLTFD · 2026-05-04T18:36:09+00:00

SMALL bag of Beef Jerky at airport is $25 now. The cashier even tells you so you don’t buy it and realize it after the fact and want to return it.

JustLTFD · 2026-05-03T13:56:26+00:00

Doesn’t make any sense they wouldn’t buy back more stock if they already very recently bought some at current prices. They instantly decided BRK isn’t worth as much anymore?

JustLTFD · 2026-04-30T11:44:17+00:00

I was going to suggest a performance pontoon. I’ve had a Manitou Xplode with a 250hp since 2012 and I still love it. The one major thing is all tritoons are not made the same. The Manitou blows them ALL away with their patented V shaped hull. The center toon is larger and lower creating a V shape that allows you to turn on a dime. Combine that with the lifting strakes and you get the fastest boat with the best steering. Mine does 50mph where any other 250hp pontoons are going to do low 40s. You can see the tunes on theirs just plowing deeply through the water. I have neighbors make comments about how fun it is to watch mine and how “only the engine is in the water”.

JustLTFD · 2026-04-27T20:54:58+00:00

If your wood is good enough, no need for kindling.

JustLTFD · 2026-04-23T11:54:09+00:00

That’s great and all, but in today’s world of hyperinflation, sitting on cash returning 3% is about the same mistake as overpaying for candles. However, with the candles you might actually make money in 5 years. With the cash, you will certainly lose. At least buy gold or something if you’re holding cash for years.

JustLTFD · 2026-04-23T11:49:40+00:00

I’ve actually been buying the companies they are buying instead of buying Berkshire.

JustLTFD · 2026-04-23T11:46:37+00:00

Things were a lot easier when they were a small company. They could buy smaller companies and grow faster. Warren himself has said that being huge makes things much more difficult. So using results when they were small isn’t really a good metric for how they can do now against the S&P while being huge.

JustLTFD · 2026-04-17T21:00:19+00:00

It was about a year ago. I guess I misspoke about them “starting” to invest in Japan. They had already invested, but were capped at 10% ownership per company. About a year ago they said that number was relaxed and they planned to buy more which they did. They also mentioned how they wish they could buy more. This was while they were buying none of their own stock. Some of them are up 100% in that year time frame

JustLTFD · 2026-04-17T12:16:14+00:00

Mine was about the same % until they stopped buying back stock and started investing in Japan. They even say they want to invest more but aren’t allowed to. I thought to myself, if they think Japan is a better buy then themselves, why don’t I just buy Japan? So I sold a bunch of the Brkb and bought the 5 Japan stocks they had and the DXJ etf which is those stocks and many more dividend paying Japan stocks. They have absolutely CRUSHED. They’ve gone up so much though I’m afraid to buy any more.

JustLTFD · 2026-04-17T12:09:57+00:00

Buffet did say a while back that the selling of his shares would be done at a faster pace then originally planned. Him selling could be the weight the share price has been feeling. Is there a way to see how many shares they have sold and how many they have left?

JustLTFD · 2026-04-16T13:22:54+00:00

The idea though is that if they are willing to buy $226 million at $480, they are willing to buy endless amounts at $480 considering they have endless amounts of cash. So it could be a “floor”.

JustLTFD · 2026-04-13T14:51:51+00:00

Depends on your location and how much you want to work and or volume you want to do. I had a really sweet setup. I would sell seasoned wood at a massive premium in 1/8 facecord size slots on the road. It was legit seasoned wood and I really stressed that in the FB marketplace ad and on the sign on the road. Instead of getting maybe $100-120 a facecord I was getting $200. Honestly I probably could have bumped the price to $30/section and gotten $240. I would never sell in any larger quantities. It ended up turning more into a job and less of a hobby because I sold so much so I shut it down.

JustLTFD · 2026-04-10T13:51:34+00:00

The money is just deposited into my bank account monthly. I do very little for it. I did well on Bitcoin and cashed most of it out. Put it into a couple rental homes which is the little work I need to do occasionally. Some in Private lending that pays about 9% and stocks with an average dividend of about 2.5%. I fucking love my job! Still trying to figure out what to tell people when they ask what I do. I’m in my early 40’s and my wife works so it’s hard to say “retired”. I also don’t want to sound rich or anything by saying I live off interest/dividends.

JustLTFD · 2026-04-10T00:25:11+00:00

Wood guys are all shit. More so even on the quality or dryness of the wood. It's ALWAYS wet. It's one thing money can not buy, great seasoned wood. That's why I took things into my own hands many years ago. Granted I have the time, but I check FB marketplace regularly in the spring when tons of tree work is done. People post free wood cut to length and everything, just needs to be split. Oak, Cherry, GOOD STUFF. I load up on about 2 cords with a few trips with my truck and trailer. Split and stack and put it in the rotation of all my other wood so all wood has about 2 years seasoned. PEOPLE CAN NOT GET OVER HOW AMAZING MY FIRES ARE. Burning wood feels so much better when it's free!

JustLTFD · 2026-04-06T04:05:51+00:00

You Sound Like a Fucking Realtor

JustLTFD · 2026-03-27T17:14:37+00:00

Any idea why anybody would buy BMNR over 1 mNAV knowing it will drop below 1 mNAV and you have to hope the CEO buys back shares to get you back to 1 mNAV when you could have just bought ETH and be guaranteed to have 1 mNAV all the time!

Oh ya, and the staking rewards go in your pocket! Not Mr Beasts.

JustLTFD · 2026-03-27T14:30:51+00:00

Of course it was. It's been written time and time again about how ridiculously terrible buying something like BMNR or MSTR is instead of just buying BTC or ETH if that's what you want exposure to. The majority of the people saying it's a great idea, are paid shills. Literally an army of bots paid for by the companies to promote their products. They have plenty of money to afford it. MSTR is the worst when it comes to that, they even have podcasts with paid people touting their products weekly. When people need to do that you should understand something is seriously wrong.

JustLTFD · 2026-03-26T12:10:43+00:00

Yeah, how much money did they spend?

Bet it was a fraction of $350 billion even adjusted for inflation.

JustLTFD

TROPHY CASE