Jo Santangelo 🏳️‍⚧️

Video Editor for @yahoofinance & @chrisvanvliet, @teamgaryvee Alumni

[matt bernstein @mattxiv]

long live the people’s republic of mamdanistan

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@kiddbanditpro One day I’m gonna make it back to LA just to see T4T

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@TheDrainmaker SLAP THE PORPOISE!!!

[Yahoo Finance @YahooFinance]

National Burger Day, but make it inflation-coded. 🍔📈

[護 @datalog00]

one piece es un anime que realmente te cambia la vida para bien

[M🍊🇵🇸 @venusleo_]

mamdani could’ve saved protoshita

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

Every AEW PPV this year has ended with some @The_MJF cinema #AEWDoN

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

AEW PPVs don't miss #AEWDoN

[Jim Lanzone @jlanzone]

We launched another new thing today and I really love it: AlphaSpace - a pro level investing data dashboard/platform for Yahoo Finance power users. Really useful now and will keep getting better.

[Ryan Spoon @ryanspoon]

Introducing AlphaSpace by @YahooFinance. Available today for Gold Subscribers at https://t.co/V4HUzWDxv6

AlphaSpace brings together all that makes Yahoo Finance unique: advanced data and charting, premium news, portfolio linking, live video, Yahoo Scout, and more... all in a new, fully customizable platform.

AlphaSpace comes with prebuilt templates and views - including themes around topics like Magnificent Seven, Crypto, Financial Services and more. And of course, users can easily create custom views, looks and themes.

Learn more and give it a spin at https://t.co/V4HUzWDxv6

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@Noahgilberto19 Or Hobbs

[Stephanie Fox @smfox]

This may just reduce our City’s dependence on fracked gas from over 80 percent, down to around 60 percent. This is extremely exciting, and will help us avoid a potential demand gap that was projected for the coming summer

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@davemeltzerWON Citi Field would be so cool for an All In though..

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@HouseofDragon @hbomax I cannot waittt 🙌🐉🔥

[Still Real To Us @stillreal2us]

Gas prices so high Jacob Fatu thinking about using his brakes

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@JavierWoT Still gives me life ahhhh

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@T4TWrestle This looks so cool I love this

[Jo Santangelo 🏳️‍⚧️ @joasksquestions]

@dustinrhodes Monkey D. Darby🏴‍☠️

[Rose Celine Investments 🌹 @realroseceline]

My thoughts on $BRK

People overcomplicate $BRK because they try to value every piece perfectly down to the decimal. They debate price to book, intrinsic value formulas, and build giant spreadsheets modeling every subsidiary. Meanwhile I look at it much more simply. $BRK has roughly $400b in cash and around $300b in stocks.

That’s about $700b right there between cash and equities alone. So when the company is worth around $1t, you’re basically paying roughly $300b for everything else. That includes the railroad, the energy business, insurance operations, manufacturing, distribution, service businesses, and one of the greatest collections of operating assets ever assembled.

And honestly I think people massively underestimate the value of the insurance float. The float is one of the greatest financial assets ever created because $BRK gets access to enormous amounts of capital at extremely attractive economics. Most people do not fully understand how powerful that becomes over decades. That float has quietly fueled one of the greatest compounding machines in financial history.

But the part that fascinates me most is the discipline. Almost every CEO on earth would have cracked by now sitting on $400b of cash. Most management teams would feel pressure to force acquisitions just to appear active. $BRK has basically said if we cannot find something intelligent to buy at scale, we are willing to wait.

People look at the cash and think it’s dead money, but optionality matters. $BRK effectively owns a giant call option on future chaos. When markets panic and liquidity disappears, $BRK becomes one of the only entities on earth capable of writing enormous checks instantly without relying on financing markets. That is a huge strategic advantage.

The other thing people miss is how rare true permanence is in capitalism. Most corporations optimize for optics. CEOs rotate, incentives change, cultures decay, and strategies constantly shift depending on sentiment. $BRK was built differently.

It was designed almost like an anti Wall Street structure where long term thinking itself became the competitive advantage. In many ways that culture may end up being Buffett’s greatest creation, even bigger than the stock portfolio itself. A lot of companies talk about long term thinking. $BRK actually structured the organization around it.

I also think people misunderstand what $BRK really is. They think it’s just “an insurance company that owns stocks.” But $BRK is basically a giant ecosystem of real world economic activity. Railroads, energy infrastructure, manufacturing, freight movement, insurance, distribution, consumer spending, and financial assets all under one umbrella.

In many ways it’s almost like owning a miniature version of the American economy. But unlike an index fund, the capital allocation is centralized under highly disciplined operators. You get diversification without complete chaos along with durability, liquidity, tax efficiency, reinvestment flexibility, and world class balance sheet.

And honestly the most underrated asset may simply be trust. If $BRK calls during a crisis, people pick up the phone. If $BRK wants to buy a family owned business, sellers trust the company will preserve the culture and operate responsibly.

I also think people are underestimating Greg Abel. Nobody is Warren Buffett and nobody ever will be, but that doesn’t mean $BRK suddenly stops being $BRK. Greg already understands the culture, operational discipline, and capital allocation philosophy better than almost anyone alive.

That’s why $BRK almost a forever asset or a savings account on steroids. No, it’s not going to triple overnight and no, it’s not some hyper growth AI stock. But when I look at over $700b between cash and equities, elite operating businesses, insurance float, fortress balance sheet strength, world class reputation, and disciplined reinvestment talent, I have a hard time viewing it as expensive.

🌹

[Empire State Building @EmpireStateBldg]

May the 4th be with you!

https://t.co/zt0Rp2oJtu

📷: craigsbeds/IG