Dan Kent

I mean, I've seen a lot worse 95-year-olds.

Oh, no, for sure.

He still kind of gets around, but yeah, just on the meeting overall, I think the issue is a lot of investors just cannot comprehend thinking as long-term as Berkshire does.

I think a lot of people are long-term investors, but the reality of it is the vast majority of investors are glued to their three-month P&L, their year-to-date returns, their one-year returns, whatever it may be, which is pretty easy when you have a five, six, even seven-figure portfolio and you're just kind of clicking buttons.

But I mean-

Like these guys got to deploy hundreds of billions of dollars of shareholder money.

So situation kind of changes in that regard.

I mean, just in terms of the meeting, like I think the one thing you can take away from the entire meeting is the playbook is not changing.

If you kind of thought that Buffett lost his touch and Abel was going to come in and just spend that cash pile, you're probably going to be disappointed.

I mean, he did make, I think it was really quickly.

He bought Apple or sorry, not Apple alphabet after he took over.

I think it was a pretty small position, but they've made two moves over the last year.

I think they bought United Health and Alphabet, which are both up quite a bit.

I'm pretty sure from the bottom end of it.

But I mean, if you get to like my position with Berkshire, like my actual position in my portfolio, I mean, if we get to a market drawdown.

I mean, it's not guaranteed, but it's very, very likely you will see much lower volatility in a holding like Berkshire because it's what?

It's 40% cash pretty much.

Yeah.

And then they can deploy it into equities at discounts.

So I'm not too concerned with it.