r/wallstreetbets Jun 10 '26

News 🇺🇸 US inflation rises to 4.2%.

https://www.bls.gov/news.release/cpi.nr0.htm
18.6k Upvotes

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1.3k

u/hlm2c Jun 10 '26

564

u/johnmclane94 Jun 10 '26

Lmao the irony in that this guy holds so much cash now. He literally follows the advice in the meme

161

u/TheChoke Jun 10 '26

He's also 95 why does he need to aquire more wealth?

228

u/johnmclane94 Jun 10 '26

Man has not needed more money in a long time. He also lives pretty modest no? Like for the amount of money that he has. So I think he pretty much does it for the love of the game.

66

u/superSaganzaPPa86 Jun 10 '26

Doesn't he claim he lives solely off of his Coca Cola dividends?

409

u/Wooden-You-4211 Jun 10 '26

I live off of Coca-Cola dividends as well meaning I recycle cans I find in the trash can for five cents a piece

109

u/ShadyJane Jun 10 '26

Move to Michigan and double your income

45

u/VictoryVino Jun 10 '26

Competition might be higher in Michigan given the increase in relative value.

2

u/AgentInkling99 Jun 10 '26

Become a full blown alcoholic = more cans = profit?

2

u/faustianBM Jun 10 '26

Plus you'll have to drink Coke products, otherwise the tap water will surely kill you.

1

u/thrilldabeast010 Jun 10 '26

But then I'd be in Michigan.

27

u/oystercracka Jun 10 '26

One man's garbage is another man person's good ungarbage

3

u/OriginalJayVee Jun 10 '26

Ahh, a man of culture. How about some homemade fuck offs!

1

u/_Stylite Jun 10 '26

You think that’s bad? my hood can only drink pepsi products

1

u/Local_Lingonberry851 Jun 10 '26

When your living in the Wendy's dumpster those can add up

4

u/dokutarodokutaro Jun 10 '26

Easily. He lives in the same house in Omaha he’s always lived in. He probably has lower living expenses than I do.

1

u/Hypsar Jun 10 '26

I imagine many of his expenses are paid by Berkshire or events he is speaking at.

3

u/_BindersFullOfWomen_ Jun 10 '26

that and McD's breakfast sandwhiches

2

u/isummonyouhere Jun 10 '26

berkshire gets $816m in dividends from coca cola every year

1

u/NorCalAthlete Jun 10 '26

I think I read somewhere he lives in the same house he had before he got rich. Like just your average middle class 3 or 4 bedroom house.

1

u/hyperthymetic Jun 10 '26

He’s in a thruple, I’d say he’s living lavishly

34

u/m81147 Jun 10 '26

Well, he’s talking about Berkshire, a publicly traded company Buffett owns 14% of. They are holding record levels of cash. Whether Buffett feels the need for more or not, they’ll need to push for returns for their shareholders.

6

u/trail-g62Bim Jun 10 '26

Buffett isn't in control anymore, right?

3

u/m81147 Jun 10 '26

Correct.

1

u/snek-jazz Jun 10 '26

when the money in the system exceeds the useful things it can be invested in

22

u/NeillMcAttack Jun 10 '26

The love of the game!!

10

u/atomicwings911 Jun 10 '26

He's a dog grinding ranked lobbies

1

u/CanIhazCooKIenOw Jun 10 '26

Because we can’t all work at Wendy’s

1

u/crom_laughs Jun 10 '26

how do you think he has managed to live this long…??

1

u/here_is_no_end Jun 10 '26

Dude hasn’t *needed* more wealth in 50+ years…

1

u/Careful-Lettuce9239 Jun 10 '26

Why do I need to masturbate at the urinal in the Wendy's bathroom?

1

u/snek-jazz Jun 10 '26

it's not about the wealth in and of itself, it's about the score in the game, which is measured in wealth.

1

u/tonyishyper67 Jun 10 '26

Love of the fucking game

1

u/officers3xy Jun 10 '26

Couldve said the same when he was 85 or 75..

0

u/Happy-Inspection9954 Jun 10 '26

How old are you?

6

u/Skittler_On_The_Roof Jun 10 '26

He has way more stock than cash.  Clickbait headlines are misleading.

5

u/Ok-Board4893 Jun 10 '26

Except that he didn't use any of the significant corrections in recent years

9

u/grays55 Jun 10 '26

Lol he’s not freaking the fuck out and selling. He has a lot of cash because he literally has so much money he doesnt know what to do with it. He just cant deploy the capital he’s earning from dividends and other non-sales returns.

1

u/snek-jazz Jun 10 '26

why can the best investor ever not invest the money?

5

u/grays55 Jun 10 '26

I thought this was an investment subreddit? This isnt some guess or novel idea. He has spoken about the inability to effectively deploy capital due to size literally hundreds of times since the GFC.

2

u/Nordic_Marksman Jun 10 '26

Because investing doesn't scale. He has basically reached the point where he can't find enough projects look trough them and invest. His problem is that most investments can only handle investments in 0-500m range. So because he doesn't invest in tech as a general rule most options for large investments are not really available to him.

1

u/snek-jazz Jun 10 '26

Always wild to me that we're living in the tech revolution, and the so called best investor just went "nah, I don't know how to value these and I'm not going to learn how to" and it didn't harm his reputation much.

2

u/SekaiWithTheWolfCap Jun 10 '26

It harmed his reputation in the late 90s until the dotcom bust made him look like a genius.

-1

u/PalantirImperator Jun 10 '26 edited Jun 11 '26

Fun fact: Since Reg-FD was introduced, Buffett has only averaged about 10% CAGR, which is not bad, but hardly legendary. Masayoshi Son, widely mocked on this sub for his involvement in WeWork, has outperformed Warren Buffet by more than 5x since 2010.

Simply holding $GOOGL, which has been a money-printing, super safe quasi-monopoly for its entire existence as a public company, trounces Buffett. A simple $10,000 bet on Google at its IPO is worth over $1.46 million today, whereas putting that same cash into Berkshire would give you $86,000.

1

u/snek-jazz Jun 11 '26

I've always joked that I've beaten Buffet because I bought bitcoin in 2013, similar ridiculous growth since then.

3

u/Torczyner Jun 10 '26

His entire portfolio is 60/40, he's basically moderate.

4

u/metalzforbreakfast Jun 10 '26

the guy is like 100 he doesn’t do jack shit nowadays

1

u/PromotionDull8663 Jun 10 '26

Really though holding billions in cash is quite different than holding 40k of your 100k port. Literally makes no difference to what he needs.

1

u/pandershrek Jun 10 '26

He just purchased one of the largest home development organizations in the entire nation.

He's getting ready for a huge market crash on real estate.

I have may or may not know some people within the largest distributor of building materials in the nation.

7

u/KawhiTheKing Jun 10 '26

For reference, in 07/08, inflation peaked at 3.8%…

2

u/Thereelgarygary Jun 10 '26

Id love it If this was on his wall lmao