Ryan Fleischer

@DilksJay Don’t forget Beta. Reality is most professionals horribly underperform on risk adjusted basis. Berkshire has been no exception; takes higher risk.

I’m a Berkshire shareholder. Warren Buffet and Charlie Munger are all-time greats but they have tied the S&P 500 for 20 years to the day. I think people should be openminded that Greg Abel might be an upgrade in Management. I say that with no disrespect to Charlie and Warren but the scoreboard has slowed down scoring points. I sensed accountability of performance for the first time , in a longtime. Greg Abel might surprise people.

@cartermcclung The bigger is better is 10O% fiction. It’s more the opposite as these firms routinely try to square peg round hole everything. Totally cool cutter and never thoughtful. Anything outside the box their brain explodes.

Another one bites the dust. Prospective client from a large, big box firm that supposedly has "more resources" to provide quality advice but somehow missed: - 7-figure Schedule C income sitting in a sole prop instead of an S-corp - No 401k or profit-sharing plan in place - Over $65k in capital gain distributions from mutual funds that charge nearly 1% just to underperform their benchmarks - A group health insurance plan subsidized by the business, locked into gold plans only - Wife retired but could be actively involved in the business - No formal buy/sell agreement in place And no clear plan looking forward to give them confidence in their decisions around money. Slowly but surely, cleaning up the messes that big firms leave behind. If your Schedule D shows capital gain distributions, chances are you don't have a financial planner. You have a high-fee investment manager. Message me privately if you'd like a second look at your taxes to see if any of this applies to you.

@KDH68760 JP doesn’t jock sniff. Grift media…the same one that claims this is our year is happy with having 7 wins against the worst in college football. Got be weak ass Gen Z or millennial that was given participation trophies.

It’s really funny to watch the grift media go after Rhule now after Scott Frost had the worst tenure in their programs history and all they said was “best 3-9 team in the country” and “they are so close to breaking through”. Sipple is just another hack piling on now.

@ColeWilcoxCIO @sporadica Still underperforming and taking higher beta than SPX TR the last 25 years. Kool-aid is gone.

As a long-time Berkshire shareholder, I understand why we hold so much cash. Berkshire values the optionality of cash when the reward for taking risk is too low. Right now, the S&P 500 equity risk premium (ERP) is near historic lows — roughly 0.5% above 10-year Treasury yields. This razor-thin spread means investors are getting very little extra return for the much higher risk of stocks compared to “risk-free” government bonds Valuation doesn’t matters short term but it’s all that matters long term

can someone explain to me how this is somehow a smart move by Buffett, because frankly it seems like a pretty big failure on the part of Berkshire to be sitting on cash and T-bills while inflation skyrockets and the market keeps on absolutely pumping

@sporadica That’s why their stock is underperforming significantly the last 25 years.

@KCHusker24 Why in the world would anyone who likes winning, who wants to be relevant outside Nebraska, who wants to be developed as player, and wants to be coached by the best come to Nebraska at this point?

People losing it over Hudson committing to LSU… that was always the most likely outcome. His dad played there, that kind of legacy still matters to some guys. It’s no different than when Nebraska flipped Dylan or got the Steinkuhlers, Javin Wright, Quinn Clark, etc.

@DrunkMunk888 @CoachMattRhule Bookmark this until November. Has to be a weak ass Gen Z

Every 3 or so years. Build the program up when a new coach takes over, then tear it down as soon as they can. Rinse, recycle, repeat. Local sports media thrives on feeding chaos. Don't you see the cycle? Please make them eat their words @CoachMattRhule GBR🌽

@swmckewonOWH Why would any player who wants to win play for Rhule. Get used to these Ls.

Nebraska's top 2027 target among offensive skill players. LSU wins for the Ruston (La.) tight end.

@RHULEROFNEB Analyze the 7 wins of Rhule…just start there. JP did come out publicly and criticize Frost. He also wasn’t happy privately but the leadership was drinking from Frost’s well privately.

Jason Peter never had a blunt take while his drunk buddy Frost ran this program into the literal shit hole of CFB. Your opinion is meaningless. Did frost chase the level it takes to win 3 games? Hilarious he is saying this now after back to back bowl games & 7 win seasons.

@ByWayOfNebraska @Rosiedidyaknow He was not happy. Said it publicly when he realized Frost was wrong guy.

NOBODY but NOBODY has more credibility on #HuskerFootball than JP. Feel free to criticize, he doesn't care. But just know---he's on target with all his observations about the program.

@timmyfread @Rosiedidyaknow He became very disenchanted after hearing and seeing for himself. He knew Frost was a joke, but he also believes Rhule is a bigger fraud and so is the leadership.

@Rosiedidyaknow Just tell me where he was between 2018-2022

@jhallof15 @Rosiedidyaknow What’s insufferable is he was hired and then proceeded to get a $25mm extension based on selling the AD and the fan base his 💩 record would be worth a look of anything beyond a Div III coaching gig.

@Rosiedidyaknow Who gives a rip? It’s a Saturday at the beginning of May. It’s this type of worry that makes our fan base insufferable to others.

Is he REALLY at the Derby or is this AI

@kevinkugler @JohnBishop71 @mitchsherman @joshtweeterson 🤣 classic. Thou not judge my 💩 coaching until my 💩 coaching is complete.

@JohnBishop71 @mitchsherman @joshtweeterson I just don't understand why we can't just wait until the end of Matt Rhule's tenure to judge his tenure. Let him do exactly what he wants and we can talk about it for a week when it's done.

Saw this in a tweet today. "The toxicity directed at Matt Rhule is worse than any Husker coach post-Tom Osborne." Vote on if you agree? If not, who had it worse from the fanbase/media? Comment below. #Huskers

I am sure many longtime Husker fans are asking if this can even be a serious take. Start by analyzing the the teams win/loss record that Nebraska has beaten. Have you dobe this simple analysis? 🧐 I think it boils down to the jornos every year trying pour thick Kool-Aid down our throat. When it doesn’t work out, it’s all the dirty laundry. Now analyze the definition of insanity.

“I’m terrified of [Nebraska] becoming a place where we are unhappy no matter what the results are.” - @ralulla Ravi believes that some fans continue the move the goalposts for Nebraska football. Presented by @NextGenMaleMed

@damonbenning @JohnBishop71 @joshtweeterson He did, but it’s not even fair comparison. It doesn’t need explanation.

@JohnBishop71 @joshtweeterson Its not worse. I'm telling you. Its not great today especially with social media, but TO had some dark times.

Most jornos will jock sniff and be on the bandwagon until the coach is fired. Then the dirty laundry and the horrific coaching analysis, evaluation of personal choices, and things that should have been reported /analyzed in first place. Let’s start with the teams Matt Rhule has beaten if you want to evaluate results…beating the worst in college football to get to 6 wins is not standard I want to live with.

@MrNQDC Why do people pay $9 for a cup of coffee. The bean water and everything else that possibly goes into this is literally pennies. It’s the experience and expectation. Some create value and experience, others are pretending novices.

@RevGroupLLC Every business has margins What other professional charges the client a % of their assets or wealth rather than state the $ price?

The nine most terrifying words in personal finance are: “I’m an AUM advisor and I’m here to help” The biggest threat to the AUM model is clients doing the math Why pay an uncapped 1% of your assets every year… For advice that doesn’t get harder just because your portfolio gets bigger? Your CPA doesn’t charge 1% of your income Your attorney doesn’t charge 1% of your house But in wealth management? The bigger your assets get… The bigger their raise Automatic Forever Yet most real planning value isn’t “managing money” It’s: ↳ Tax strategy ↳ Equity comp decisions ↳ Business exit planning ↳ Retirement distribution sequencing ↳ Estate coordination None of that scales with your portfolio size Yet the fee does Charlie Munger nailed it: “Show me the incentive and I’ll show you the outcome” The AUM model has an incentive problem Hourly and flat-fee advice is how clients stop overpaying

@huskerdrews @HuskersMN @NBNRPodcast Easy was understatement. The wins came against some of the worst in college football.

@HuskersMN @NBNRPodcast 2 straight years of the easiest schedules we have seen in quite some time. 14-10 doesn’t do it for me.

Matt Rhule has raised the floor. Yes, the floor was in Hell… but still! Back to back bowl games shouldn’t be taken for granted. The fan ire stems from the eye-test. Looking like a G5 by the likes of Minnesota, Iowa, and Utah. Programs that don’t invest in 🏈 at our level.

@MrNQDC @Zub79 Are you saying asset management is commoditized? If so I would completely disagree. Ask 5 managers what their mandate is and you will certainly get 5 different answers. Are they adding value, is different story.

@Zub79 A commoditized product, right?

@MrNQDC @Zub79 Asset management, delegated trust, to name two that are industry standard. In fact many top performers in results will charge 2% with 20% over a hurdle. Many if these operators have outsized returns.

@Zub79 @RevGroupLLC appreciate your perspective , Z An insurance premium is based on $$s per $1,000 sum insured And its a product What’s an actual profession?