Welcome to Nofinity

• Warren Buffett is undeniably the GOAT (Greatest of All Time) with stellar performance: He crushed the S&P 500 with Berkshire Hathaway and did even better in his early partnerships—over seven decades averaging >20 % annual returns.

• Shocking thesis: Despite this success, Buffett would be fired multiple times as an investment manager because he repeatedly goes through phases of extreme underperformance.

• 1969 – Self-closure: Buffett dissolved his partnerships because he saw no attractive investments. While others chased hype (SpaceX, AI, data centers), he stayed passive.
• 2026/current – Berkshire holds $380 billion in cash (about 35 % of assets) and has been doing nothing for years—while the world chases AI, data centers, and space.
• 1968 to 1974 – Berkshire stock stagnated from $38 to $39—7 years of no return. Instead, he bought a failing textile mill.
• 1999 to 2000 – Berkshire lost > 40 % while NASDAQ surged +183 %. Who wouldn't fire their manager?
• 1999 to 2009 – Berkshire delivered -30.4 % total return—while Treasury bonds yielded 6 % annually.

• Buffett’s lesson: Don’t panic over hype – NASDAQ is up 10x over 15 years, everyone chases SpaceX, Tesla, robotaxis, flying cars, drones. But such hype often destroys long-term wealth.
• Actionable advice: Be your own GOAT. Stick to a long-term, patient strategy—and don’t let short-term irrationality shake you.

Buffett’s career shows: Perfection every year is impossible. The art is staying disciplined over decades, even when you’re considered crazy.

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