Spencer Jacob

Warren Buffett is a remarkable investor. Warren Buffett... He's not just lucky. You know, he has such a long track record, a 70-year track record that we can document of his investing. And obviously not every year has been a resounding success. But compounded over those years, no one has done it as well and no one has done it for as long as Warren Buffett has.

Compound interest is basically making money and then making money on that money and then making money on that money and making money on that money. And it can turn into a gigantic difference at the end.

Compound interest is basically making money and then making money on that money and then making money on that money and making money on that money. And it can turn into a gigantic difference at the end.

Compound interest is basically making money and then making money on that money and then making money on that money and making money on that money. And it can turn into a gigantic difference at the end.

If you had invested in Berkshire Hathaway when he took it over in 1965, today you would have made 140 times as much as an investor who just bought the Standard & Poor's 500.

If you had invested in Berkshire Hathaway when he took it over in 1965, today you would have made 140 times as much as an investor who just bought the Standard & Poor's 500.

If you had invested in Berkshire Hathaway when he took it over in 1965, today you would have made 140 times as much as an investor who just bought the Standard & Poor's 500.

It's been the last two or three quarters that Berkshire Hathaway has been selling down its positions. So Berkshire Hathaway was building up cash. He has sold down two of his largest shareholdings, not to zero, but tens of billions of dollars of each of these holdings.

It's been the last two or three quarters that Berkshire Hathaway has been selling down its positions. So Berkshire Hathaway was building up cash. He has sold down two of his largest shareholdings, not to zero, but tens of billions of dollars of each of these holdings.

It's been the last two or three quarters that Berkshire Hathaway has been selling down its positions. So Berkshire Hathaway was building up cash. He has sold down two of his largest shareholdings, not to zero, but tens of billions of dollars of each of these holdings.

You know, I got so many reader emails and comments saying, does this have to do with estate planning? Maybe it's a smart estate planning strategy and then he has more cash to leave to people. That's actually not the case at all because he is going to leave more than 99% of his money to charity in the form of Berkshire stock.

You know, I got so many reader emails and comments saying, does this have to do with estate planning? Maybe it's a smart estate planning strategy and then he has more cash to leave to people. That's actually not the case at all because he is going to leave more than 99% of his money to charity in the form of Berkshire stock.

You know, I got so many reader emails and comments saying, does this have to do with estate planning? Maybe it's a smart estate planning strategy and then he has more cash to leave to people. That's actually not the case at all because he is going to leave more than 99% of his money to charity in the form of Berkshire stock.

So whether Berkshire has a lot of cash or has no cash, does that matter at all?

So whether Berkshire has a lot of cash or has no cash, does that matter at all?

So whether Berkshire has a lot of cash or has no cash, does that matter at all?

Yeah, it's been suggested to me, you know, reader comments and some smart reader comments. Well, maybe he was hedging his bets because of the election, or maybe he was concerned about inflation, or maybe he sold all these stocks because he reckoned that capital gains taxes would rise. And so he wanted to lock in a lower rate. And I'm going to say, based on my knowledge,

Yeah, it's been suggested to me, you know, reader comments and some smart reader comments. Well, maybe he was hedging his bets because of the election, or maybe he was concerned about inflation, or maybe he sold all these stocks because he reckoned that capital gains taxes would rise. And so he wanted to lock in a lower rate. And I'm going to say, based on my knowledge,

Yeah, it's been suggested to me, you know, reader comments and some smart reader comments. Well, maybe he was hedging his bets because of the election, or maybe he was concerned about inflation, or maybe he sold all these stocks because he reckoned that capital gains taxes would rise. And so he wanted to lock in a lower rate. And I'm going to say, based on my knowledge,

I don't think that the economy or taxes or capital gains or anything like that or any even an election or who sits in the White House has any effect on him because it's also short term.