Anthony Scilipoti
๐ค SpeakerAppearances Over Time
Podcast Appearances
And then I don't have any money.
Buffett has built a business that generates cash.
So he has operating businesses, Geico, Prudelum, et cetera.
These generate cash.
He takes that cash and invests it when he wants to invest it.
in the way that he wants to invest it.
You know, the average portfolio manager can't do that because they're tied to, they have to, like today in the investment management industry, portfolio managers are measured like on a daily basis.
If you're investing in my funds, you can look right now and see how we're doing versus the index every second.
Why are you down today?
My partner that started the business with me says, I don't know, because there was more sellers than buyers today.
I don't know.
Any number.
And someone that tells you they can know exactly why, unless there was some announcement.
And even when there was an announcement, it was the interpretation of the announcement that led to the stock price falling, not the announcement itself.
So that's the first thing you look at is the structure and the control environment.
I think your analogy is fantastic.
And it's why, you know, I played hockey and football in my life.
And I love hockey.
I'm a big, huge Leaf fan and watch the games and so on.
But I watch more NFL.