Bill Novac

Business Owner & Investor. Never Investment Advice

[Bill Novac @BillNovac]

@chriswmayer In Alice in Wonderland one had to run fast in order to stand still. In the stock market, the evidence suggests, one who buys right must stand still in order to run fast.

- Thomas W. Phelps

[Brad Kaellner @bkaellner]

Howard Marks has a gift for finding the signal amidst the noise

“If you wait at a bus stop long enough, you’re guaranteed to catch a bus.

If you run from bus stop to bus stop, you may never catch a bus.” 🔥

[Bill Novac @BillNovac]

@cannibalstocks We're heading into a brutal global recession. Thou shall tread carefully.

[Bill Novac @BillNovac]

@TSOH_Investing Anything linked to housing is getting taken out back and shot.

[Bill Novac @BillNovac]

@WilliamNextLev1 When the decision goes your way it's all good. When it doesn't, it's rigged.

[Bill Novac @BillNovac]

@JEChalmers Time to rein in the spending.

[De Caigny Capital @DeCaignyCapital]

"In bear markets, stocks return to their rightful owners." - J.P. Morgan

[Bill Novac @BillNovac]

@Unicorn8kWu @interr_x Munger funded the Stanford Graduate Residence, housing more than 600 students. He pledged $110 million to improve student accommodation at University of Michigan. Donated $65 million to UC Santa Barbara. Donated $21 million to Good Samaritan Hospital, Los Angeles.. to name a few.

[Bill Novac @BillNovac]

@AJButton2 Berkshire is in a league of its own.

[Bill Novac @BillNovac]

@paperhanderr Brilliant.

[Bill Novac @BillNovac]

@wealthissimple @millo_onchain Blown away by the amount of hate directed at Charlie Munger. He was a living legend who made a positive difference to society. A human of great character, integrity and intellect. He deserves the respect he earned.

[Bill Novac @BillNovac]

@Hatedeepst @millo_onchain @grok Quick note. BYD has sold approximately 3.56 million passenger vehicles since 1 January 2026. Over the same period, Tesla has delivered approximately 1.32 million vehicles.

[Bill Novac @BillNovac]

@Hatedeepst @millo_onchain @Grok what was the approximate profit ($) Munger and Buffett made from their BYD investment?

[Bill Novac @BillNovac]

@Gautam__Baid You could've purchased it for less in March 2026 🙄

[Bill Novac @BillNovac]

ARB Corporation Limited ($ARB.AX) is trading at a bargain basement valuation. For context, in 2016, ARB generated $350m in revenue and $65m in EBIT. Today, it generates $700m in revenue and $125m in EBIT, yet trades at the same valuation.

[Bill Novac @BillNovac]

Grange Resources ($GRR.AX) has a market cap of $120m, no debt and around $250m in cash. At these prices, you’re buying a profitable, cash-generating mine with roughly 10–15 years of proven, high-grade reserves.

[Bill Novac @BillNovac]

@CEOinterview Don’t worry about Greg Abel. Imagine having Ajit Jain or Ted Weschler on your team. Before joining Berkshire, Weschler’s Hedge Fund returned 1236% over 11 years (26% CAGR). Ackman can only dream of those numbers. By the way, Greg Abel is an exceptional "operator"😀

[Bill Novac @BillNovac]

@LeifInvests Berkshire bought $OXY at $50–65/share. It later fell to $37 in 2025. Do you think they lost sleep? No way. They plan to hold $OXY for many years, so short-term price moves mean nothing. Same goes for $GOOGL. It’s a long-term investment, so the recent price decline is meaningless.

[Scott Kitun @kitun]

Worry is a waste of time.

Stealing this for all-time.

[Bill Novac @BillNovac]

@adamkhootrader Chuck Akre has outperformed most investment managers over the long term. He was compounding capital at 15–20% annually when you were still an embryo.