BûR’ner
200 posts
@BuRFinancial
building gay things with friends
In 2022, Warren Buffett famously said that after 58 years and 300+ capital allocation decisions at Berkshire Hathaway ($BRK), only about a dozen truly moved the needle - or roughly 1 every 5 years. Of course, he could not know in advance which decisions would be the big winners. He simply held on. That remarkable stat captures a principle that is central to us at the Pabrai Wagons ETF ($WAGN): exceptional long-term performance usually comes from a small number of great investments held for a very long time. The key is to "circle the wagons" around your highest-conviction holdings. Past performance does not guarantee future results. Investing involves risk including loss of principle. For more information about WAGN, including its current holdings, please visit wagonsetf.com References to the performance record of Berkshire Hathaway or Warren Buffett is in no way meant to suggest the Fund will have a similar record or performance in the future. Portfolio Manager @MohnishPabrai.
JUST IN: 🇺🇸 Fed Chair Jerome Powell warns US national debt is growing "substantially" faster than the economy and says it's not sustainable. "It will not end well if we don't do something fairly soon."
