In early November 2024, while in the skies for a fun turn around trip, finding good Wifi on the plane (an unusual event) a discovery was made trolling through financial statements – yes that is what financial Nerds do on planes sometimes!
From the post
… “So this is Warren Buffett long time founder and chief of Berkshire Hathaway an insurance company that uses the premiums to invest – cash and cash equivalents for the past 20 years broken down by quarterly reports….”
While Buffett has a long term horizon and is fortuitous at worst in building cash at the optimal time… It turns out that at 94 years young, he is finally hanging up his stirrups ! If we could all be so lucky!
Great record of compounding and a legend…. maybe the cash build had nothing to do his retirement (see next chart as it continues), maybe it did, one thing is for sure, many of the deals he was able to negotiate over the last many decades will likely not be available to his successors….
What a great addition to society and the investment community – farewell Mr. Buffett!
Best Wishes!
Thanks for your services and great company letters!
Have a Great “Best to Buffett” Day!
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
John A. Kvale CFA, CFP
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
