Sometimes, Boring Strategies Is Safe

Buffett didn’t spend the money because he didn’t need to.

Most people have this assumption that you should always put your money to work in some investment and not leave it just sitting, but I don’t agree. I think sometimes you just need to wait, watch, and when the time feels right, you move. That’s exactly how I bought my first iPhone a couple of years ago. I use android now though due to some reasons but the point is, I wanted to see if prices would drop and if a better one would come because mostly, when new gadgets comes out, it's usually overpriced due to the expectations people have of it. I did get a better deal two months later, so that idea makes me, understand what Buffett is doing with that cash.

He’s not rushing to invest. I remember I watched one of his interviews some years ago and he made a statement that said: You don't need to get all the opportunities, you just need to get a very few of them right. I don't think those where the exact words used but it's has this same meaning.

At the moment, there’s almost 350 billion dollars just sitting there. Boy that's some cash that can change a whole economy and not just one individual life. From what I read, that money in in Treasury bills, which means it’s not there doing nothing as most think. It’s still earning something and staying safe. Plus if it's in Treasury it means it's still running in the economy.

You don’t have to chase fast money all the time. Sometimes you just have to protect what you have. When I had some savings last year, I put it in a fixed deposit, it obviously didn’t grow much, but it didn’t shrink either. Just make sure the interest covers up for the rate of inflation in your country and you cash is well preserved. I could have joined the meme coin craze and my greed would have made me lose that cash. Glad I didn't.

https://youtube.com/shorts/AQIKiKY4s-Q?si=_1e0V70L2oytYsNZ

I made a thread talking about Buffet nearing retirement, and the person to possibly replace him as CEO will probably be Greg Abel. TBH I’ve never seen him talk, and I don’t know much about him, but if he’s been working with Buffett, then I think he’s learned how to stay calm too. People always want new leaders to come in and change everything, but I don’t think that’s smart, If something works, you don’t rush to break it, life isn't that complicated as we sometimes make it, just stick to the winning strategy and you should probably do just fine.

Like with my old blender, I always tell myself it looks old alright, but it does make great smoothies. Haha, I only changed it when it stopped working.

I feel like Buffett trusts this new guy, but he’s still going to stay around and watch. He’s not leaving completely, he is still chair which means he still has power. So in other words if Greg does something strange, Buffett can still say no. He wants Greg to have the mentality of "What will Buffett do". Of course he has a mind of his own, but don't forget that the reason why children mess up their inheritance is because they don't have the mentality of the parents that built and sustained the empire.

Anyway, I don’t know what Abel will do with the money when warren is completely out of the scene, but if he’s smart, he’ll keep listening to Buffett. Not just to be safe, but because sometimes the old way is still the best way.

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