Warren Buffett

Buffett's approach is simple to describe and almost impossible to copy. He buys great businesses at fair prices and then just...

holds them. Forever.

He calls it "buy and hold" but that undersells it — he means hold until the sun burns out. He looks for companies with a real unfair advantage over competitors.

Something that protects them from being wiped out. He calls it a "moat" — like the water around a castle.

Think Coca-Cola. Everyone knows it.

Nobody can replicate it. He puts a LOT of money into a small number of bets — usually his top five holdings make up over 70% of everything.

Most fund managers would have a panic attack at that level of concentration. Buffett calls it being convicted.

His old mentor Graham taught him to hunt for cheap, beaten-down companies and flip them fast. Charlie Munger, his business partner for 45+ years, talked him out of that.

Munger said: just buy the best businesses you can find and never sell. Buffett admits that shift made him hundreds of billions of dollars.

Robert Breedlove

Breedlove is not a trader or a diversified investor. He holds Bitcoin.

Only Bitcoin. He sold his investment advisory business to concentrate entirely in BTC.

His investment philosophy is that Bitcoin is the only sound money ever created by humans, that all other assets are priced in a debased currency, and that the only rational response is maximum Bitcoin exposure. He does not time markets.

He does not rebalance. He holds.

Warren Buffett

Rule No. 1: Never lose money.

Rule No. 2: Never forget Rule No.

1. Buy businesses, not stocks — the distinction matters more than most investors realize.

Let compounding do the heavy lifting and get out of its way. Never use debt to invest.

Be fearful when others are greedy, greedy when others are fearful. Time in the market destroys timing the market in every long enough data set.

For most people, a low-cost S&P 500 index fund will outperform almost any active strategy, including most professional money managers — including, he's said, what most of his estate will go into after he's gone.

Robert Breedlove

Breedlove draws heavily from Austrian economics — particularly Friedrich Hayek and Ludwig von Mises — to argue that sound money is the foundation of a free society. He believes central bank money printing is a form of theft, that it systematically transfers wealth from savers to governments and the politically connected, and that Bitcoin is the first monetary system in history that cannot be inflated by any authority.

His framing is explicitly moral, not just financial.

Warren Buffett

Buffett's whole thing is: do so much homework that the risk basically disappears. He doesn't diversify across 500 stocks to protect himself — he researches 10 companies so deeply that he's more confident about those 10 than most people are about anything.

He never borrows money to invest. Ever.

He keeps a mountain of cash at Berkshire — over $100 billion sitting around doing nothing — specifically so he can swoop in when everyone else is panicking and selling cheap. He once called derivatives "financial weapons of mass destruction" back in 2002.

Wall Street laughed. Then 2008 happened and Wall Street stopped laughing.

He doesn't predict where the stock market is going. He predicts whether a business will still be dominant in 20 years.

That's it.

Robert Breedlove

Breedlove sold his investment advisory business to concentrate entirely in Bitcoin. He holds nothing else.

His risk management framework is the inverse of conventional finance: he argues that holding cash or government bonds is the truly risky position because fiat currencies are being deliberately debased, while Bitcoin's supply is permanently fixed at 21 million. He sees conventional diversification as spreading risk across assets all priced in the same currency being destroyed.

His answer to Bitcoin's price volatility: think in decade-long timeframes, stop checking the price, and understand that short-term swings are irrelevant to a generational monetary thesis.

Warren Buffett

Despite a $120B net worth, Buffett still lives in the same gray stucco house in Omaha he bought in 1958 for $31,500. He drives himself to work.

Breakfast is McDonald's — he orders based on his mood: $2.61, $2.95, or $3.17. He plays bridge obsessively, often online with Bill Gates.

He drinks multiple Cokes a day (Berkshire owns a large stake in Coca-Cola; coincidence is left as an exercise to the reader). He has pledged to give away more than 99% of his wealth, primarily to the Bill & Melinda Gates Foundation and his children's foundations.

He takes a $100,000 annual salary from Berkshire. He does not own a smartphone.

Robert Breedlove

Maximalist in every sense — maximum Bitcoin, maximum conviction, minimum diversification. He has said he sold assets he did not need to buy more Bitcoin during bear markets.

He lives below his means, keeps expenses low, and structures his life to minimize dependence on fiat income. He earns in Bitcoin, thinks in Bitcoin, and measures everything in Bitcoin.

Warren Buffett

Apple. Berkshire started buying Apple in 2016 — late by any tech investor's standard, from a man who spent decades insisting he didn't understand technology.

By 2023, the position had grown to over $170 billion, returning more than 800%. Buffett called it the best business he'd ever seen and admitted he should have bought it earlier.

Honorable mention: American Express in 1963 during the Great Salad Oil Scandal, when he put 40% of the Buffett Partnership into AmEx at distressed prices while the rest of Wall Street was running away.

Robert Breedlove

Going public and fully committed on Bitcoin before the 2020-2021 bull run. His "What is Money?" series with Michael Saylor aired in 2020 when Bitcoin was under $20,000.

By the time the series was widely shared, Bitcoin had run to $69,000. His reputation as a serious Bitcoin thinker was cemented during that period.

Warren Buffett

Buying Berkshire Hathaway. He bought it in 1962 as a cigar butt — a cheap, dying textile company — and then kept it instead of winding it down into a clean insurance holding company.

The C-corp structure meant decades of tax drag. He has estimated this single mistake — triggered partly by spite after the owner tried to lowball him on a buyout — cost Berkshire and its shareholders roughly $200 billion over 50 years.

He also admits missing Google and Amazon, both of which he understood well enough to buy and simply didn't.

Robert Breedlove

Being concentrated in a single asset that has 70-80% drawdowns every few years requires extraordinary conviction. During the 2022 bear market when Bitcoin dropped from $69,000 to $16,000, Breedlove's public commitment meant his credibility fell with the price.

He stayed the course — which is either disciplined or stubborn depending on the timeframe you evaluate it over.

Warren Buffett

Warren Buffett was born in Omaha, Nebraska in 1930. He bought his first stock at age 11 — three shares of a company called Cities Service.

He paid $114. He was eleven.

By 14, he owned a 40-acre farm and had filed his first tax return. He applied to Harvard Business School and got rejected.

Best thing that ever happened to him, honestly. He ended up at Columbia instead, where he met Benjamin Graham — the guy who basically invented the idea of buying undervalued stocks.

After graduating in 1951, Buffett started his own investment partnership in Omaha with $105,000 from family and friends. He turned that into something much bigger, compounding at around 30% per year for over a decade.

Then in 1969, he shut it down and quietly took over a dying Massachusetts textile company he had bought partly out of spite. That company was Berkshire Hathaway.

What happened next is the greatest investing run in history — and it started with a grudge.

Robert Breedlove

Robert Breedlove started his career in conventional financial services — he ran a small registered investment advisor called Parallax Digital. Around 2019-2020, he went all-in on Bitcoin, sold his RIA, and pivoted to full-time Bitcoin content and philosophy.

He launched the "What is Money?" podcast, which quickly became known for its depth. The standout series: a 25-episode deep-dive with Michael Saylor covering monetary history, Austrian economics, Bitcoin's monetary properties, and the philosophy of money itself.

Each episode ran 2-4 hours. It became one of the most listened-to Bitcoin series ever produced.

Breedlove has since become a full-time content creator, speaker, and Bitcoin advocate.

Warren Buffett

His main vehicle is Berkshire Hathaway — a company he took over in 1965 when it was a dying textile mill. He basically gutted the textile business and turned the whole thing into a giant money machine that owns other businesses.

Today it's one of the most valuable companies on earth. On the stock side, his biggest bet is Apple — worth over $175 billion at its peak.

He also owns huge chunks of Bank of America, Coca-Cola (since 1988 — he really doesn't sell), American Express, and Chevron. Then there are the companies Berkshire owns outright.

GEICO, one of the biggest car insurers in America. Burlington Northern Santa Fe, a massive railroad.

Dairy Queen, See's Candies, Duracell. Basically a random collection of boring, cash-generating businesses that he loves precisely because they're boring.

His first fund — Buffett Partnership Ltd. — ran from 1956 to 1969.

He returned around 30% per year while the market did 8.6%. Then he shut it down, said he couldn't find enough cheap stocks, and walked away at the top.

Robert Breedlove

Parallax Digital (former RIA, sold to go full Bitcoin). "What is Money?" podcast (host).

Freelance writing and speaking in the Bitcoin space.

Warren Buffett

University of Nebraska–Lincoln (B.S. in Business Administration, 1950).

Columbia Business School (M.S. in Economics, 1951) — the only school that mattered, where he studied under Benjamin Graham and got his only A+.

He also spent two years at the Wharton School before transferring. Harvard Business School rejected him.

He's described that rejection as one of the luckiest things that ever happened to him.

Robert Breedlove

Degree in finance. Self-educated extensively in Austrian economics, monetary history, and philosophy.