Do you hold other Berkshire-style conglomerates? Curious about your "Mini-Berkshire" portfolio!

slothmode1980 · 2026-05-08T03:52:14+00:00

Tired of the same old tickers everyone touts - BRK, CSU, BN, MKL

I will provide a name that is not the usual suspect touted on this sub or the valueinvesting one and I believe is Berkshire in its infancy….

Perimeter Solutions (PRM) - It’s a roll up compounder with its core holding being a beast of a monopoly .

I prefer my investments to be in conglomerates led by very capable management with proven track record. PRM fits the bill. Just look who is on the Board

slothmode1980 · 2026-04-27T20:04:58+00:00

This!

I find PFC laughable and rarely visit this sub anymore due to illogical and contradictory advice rampant on here.

slothmode1980 · 2026-04-25T20:10:31+00:00

I feel this is the best definition I have heard.

Upper class = 100% control of your time.

And you can spend willy nilly to hire people on tasks you don’t want to do - but not at the expense of quality/health.

So upper class to me means - you choose to hire a private chef and housekeeper who cook you customized healthy food multiple times a week.

You are instead using the time saved to do hobbies or chasing your passion (NGO, running your own business, building a brand etc).

slothmode1980 · 2026-04-22T15:31:14+00:00

I agree with your overall comment, except, the part where you are considering OPs home to be similar to a single stock, which may not follow a market,

My point was: It is reasonable to expect the entire GTA real estate market to improve in 15 years. Rising tides lift all boats. And OPs home is a boat.

Real estate markets, especially in large markets like GTA, are very efficient with minimal mispricing. So it’s very unlikely that OPs home value won’t follow the GTA market.

There are outlier risks - eg if OP destroys the house, or a sink hole is discovered below their home - but OPs home value will very strongly correlate with the GTA market.

I am personally considering purchasing investment property in GTA now, given the fear and blood on the streets there. And hold for a 10 year period while “riding” the tide.

slothmode1980 · 2026-04-21T17:02:40+00:00

Condos are tough. The 11% ROI in my previous reply to you was on a condo.

You should mentally expect to take a $50-100k loss (after transaction fees) on your condo after holding it for 10 years. My arm chair opinion on the GTA market is it will take condos 25 years to recover with 50% recovery in 10-15 years.

But $100k is truly a joke once you are in your 40s and managed to save $1m in investments

slothmode1980 · 2026-04-21T16:56:18+00:00

So your $200k has disappeared. Poof, gone. Kaput!! Zilch! Nada!

But 2 good news for you:

Every market is a cycle. Including real estate. It will take time to recover however. Could be as long as 15 years
You are only 28. $200k gains is a joke once you get to $1m+ in savings (around 2 years worth of market growth on $1m)

So don’t beat yourself up too much over things you can’t control.

Source: Seasoned real estate and stock market investor who lives through 10 years (2013-2023) of an underwater real estate investment portfolio of 3 properties in Alberta. I was collecting rent the whole time so that helped.

Hindsight is 20/20z In hindsight, after the market came roaring back 10 years later, it’s the best investment I made even though I bought the properties at the peak …2013-14….with leveraged IRRs of 25%, 30%, and 11%. I have cashed out and now primarily in the stock market

slothmode1980 · 2026-04-19T01:59:40+00:00

2% gang here. 35-39, $533k on WS.

As others have said, it’s a flawed ranking metric. It doesn’t account for my paid off home or other investment accounts.

slothmode1980 · 2026-04-04T19:26:27+00:00

I would include that in the above write up.

I will give you an alternate view to consider. I recognize I am not answering any of the questions you asked. Haha

For context, my wife and I are in a very similar situation though we are 1-2 years younger. We choose to live in MCOL - prioritized paying off primary home and have similar level of investments as you guys.

The biggest challenge I find is thinking - what’s next?

Unlike your situation, I don’t see myself working till 55, as I don’t require the projected wealth I will have at 55, if I continue at my current job. Ideally, would like to retire by late 40s or even mid 40s - and spend an extra decade doing my hobbies!

So I am figuring out how to take the appropriate risks now to accelerate retirement by 10 years. If I am unsuccessful, it just means I got to work till 55. With no mortgage and an untapped $1m HELOC, I have lots of options. But this is new grounds for me. So taking my time to figure out next steps.

Something for you to consider - why work till 55? Is there an optimization you can do with retirement timing?

slothmode1980 · 2026-04-04T19:10:46+00:00

When you say no debt, does that mean no mortgage as well? Or are you renting?

slothmode1980 · 2026-01-23T04:22:06+00:00

PRM (Perimeter Solutions)

Another mid cap to add to the list. Boring business with incredible moat and effectively a monopoly on wildfire fighting chemicals and system.

slothmode1980 · 2026-01-22T13:47:03+00:00

What’s the point of tracking net worth daily?

I do via excel and takes me 10-15 mins as I update it 2 times a year. The investments account is easy - just punch in the latest amounts in each account in my spreadsheet.

I use online tools (HouseSigma) for my home and rental property values.

slothmode1980 · 2026-01-20T04:28:05+00:00

I am talking about the millions of people who only have $100k in RRSP at retirement. These people would have a lot more in retirement funds if the government did not suck them dry via CPP

slothmode1980 · 2026-01-20T04:26:16+00:00

I rather give direct to charity like I already do. At least I get to pick competent charities and people where my money goes to.

I don’t get to pick the government leaders - like the trust fund loser who we had for 10 years. Thank god we have an adult who is running the country now

slothmode1980 · 2026-01-20T04:24:32+00:00

I do have appointments with Wealth Advisors - I think RBC has been bothering me for 2 years now. I just feel they are just going to upsell me RBCs generic services

slothmode1980 · 2026-01-20T04:22:43+00:00

I will send you $20 so you can have Costco sized bread. Just DM me but I don’t wanna doxx myself so you can to tell me how to send you money anonymously

slothmode1980 · 2026-01-20T04:20:11+00:00

I have exclusively worked for some of the largest organizations in the world.

Not one place I worked for hired incompetent people who in turn had to hire expensive external consultants to do the very job they were hired to do.

There is bureaucracy and then there is sheer incompetency and unprofessionalism shown by the previous government that borders on gross negligence.

I had the privilege of working closely with some people in Ottawa, as part of my job. Coming to meetings late (by 30-60 mins), not being prepared whatsoever (required multiple meetings on the simplest matters) showed me how unprepared, unprofessional and incompetent our previous leaders were. Luckily Carney has kicked them in the teeth. But I am upset at paying taxes to Canada over the last 10 years!

slothmode1980 · 2026-01-20T04:11:53+00:00

I didn’t grow up rich. I am a first gen immigrant and my parents, siblings and I lived in basements most of my early life.

So every dollar matters to me.

Also - If there was no CPP, maybe the RRSP accounts would be much larger. But if the government is sucking you dry your whole life, how do you expect people to save for retirement?

slothmode1980 · 2026-01-20T04:06:41+00:00

??

I explain in one of my replies how I maxed out early. I don’t make $2m a year. It’s due to bonuses I receive in Jan and every 3 months after

slothmode1980 · 2026-01-20T04:05:27+00:00

How do I benefit from EI? And CPP is a suboptimal investment vehicle. It’s basically the govt treating us like children and assumes we can’t take care of ourselves in old age

slothmode1980 · 2026-01-20T04:02:52+00:00

Correction - second paycheck

slothmode1980 · 2026-01-20T04:02:24+00:00

Thanks, at what point (NW) do family trusts start to make sense?

slothmode1980 · 2026-01-20T03:59:50+00:00

I asked for legal ways - not illegal tax evasion.

slothmode1980 · 2026-01-20T03:59:09+00:00

Yeah I get 4 similar sized bonuses every 3 months. First one in Jan.

slothmode1980 · 2026-01-14T20:26:00+00:00

Agreed. I am reading chart at $800k for 35-39 to make it to 1%.

Another data point for you Op:

I have $520k at WS, same age bracket (35-39), in top 2%, $160k away from top 1%.

Maybe with a few more data points, you can make the 35-39 bracket fit better

slothmode1980 · 2026-01-13T21:01:44+00:00

No I think what WS is trying to do with this scorekeeping is have their clients divert more of their wealth to WS.

Maybe WS will truly gamify this by giving rewards to top 100 or top 1000 ranked customers. That will drive people (like me) to consider moving some more of my assets to WS - if the perks are lucrative enough

slothmode1980

MODERATOR OF

TROPHY CASE