Warren Buffett

“He was exactly who you'd expect him to be. I find with a lot of these guys, it's like, don't meet your heroes and they're not who they appear to be on TV. He's available all day. He talked to me for an hour and a half and he was just the nicest guy. He's exact…”

“I got a chance to talk to Warren Buffett on the phone. Some guy I was talking to, I was saying, you know, I'm trying to figure out philanthropy and how to give money away. And literally he goes, oh, you should talk to Warren Buffett. And I was like, what do yo…”

“What's interesting is, in our world, none of those mental models apply. And so, because a startup's not a company, there is no operating history. There, there's no moat. They don't even have a product yet. They got no customers.”

“Anyways, he ends up selling the company to Berkshire Hathaway. So he sells it to Warren Buffett for four hundred and thirty three million dollars in an all stock deal of Berkshire.”

“It's one thing to live within your means that's responsible. It's another thing to be so disconnected between your wealth and what you're living that That there's something going on inside, and you know, I'll leave it to the shrinks to figure it out, but it's …”

“BlackRock doesn't build value. They just index. They own a bunch of pieces of paper. Warren Buffett actually grows stuff.”

“And like, of course, somehow Nancy Pelosi's like, happens to be, you know, she, you know, she's you know, happens to be up 30% year to date. Like she's outperforming Warren Buffett. She's outperforming your favorite hedge fund guy.”

“If you use Warren Buffett's rule, you could never be Peter Thiel. If you use Peter Thiel's rules, you could never be Warren Buffett, right? Like, you know, these are, they're different games and you have to know the rules of that game in order to play it.”

“And so, I'm wary of those types of games, where I fall a little bit more into the Warren Buffett thing, where I'd rather have steady, but smaller returns, as opposed to big, lumpy jumps. I do get big, lumpy jumps, but I do those in things, with things that I c…”

“Warren Buffett was the original finance influencer, right? And I, I've joked a million times that if he was today, Buffett in his thirties, he'd have a sub stack, a Twitter account, a podcast. He'd be streaming on TikTok, like doing all this stuff.”

“Energy is the easiest to spot, and it's the easiest one to try to write off if somebody doesn't have it. Meaning seems like a nice to have. It's actually not a nice to have for me. It's a must have for me. And so energy is the first one that shows up, and it's…”

“My expectation is actually that shareholders at some point will start turning on some of these public companies that have tons of cash and saying like, Hey, if we're sitting there with, you know, Warren Buffett sitting with a hundred billion dollars of cash, l…”

“The cost of bringing a not great person into my circle of life is so high. The cost of dis discarding somebody who might be great is nothing. It is so low comparatively. He's like, so I am willing to be a very harsh grader of people. Meaning you're either obvi…”

“Because the cost of a bad thing is worth way cost me much more than missing out on a good thing. Cause there are more good things that I could just filter for. And I'll find those good things like over time, there'll be obviously good. I'll just focus on the o…”

“And eventually becomes like a fleet of like 40 planes and jets, which eventually he sells to Warren Buffett or yeah, Warren Buffett. And that is like one of the beginnings of net jets, which is one of Berkshire Hathaway's like crown jewels, I believe.”

“Berkshire has, I think, almost four hundred billion dollars in cash, and it's just been piling up over the last five years, and they just haven't deployed it anywhere.”