Happy 96th birthday to Warren Buffett. I bought my few shares of Berkshire Hathaway $BRK in 2015 and haven't sold a single one since. A friend asked me, "Did you actually go to Omaha for the conference?" When I told him yes, he was shocked I went "all the way" out there just for a shareholder meeting. Has Buffett always been perfectly timed? No. Right now, he is sitting on a massive mountain of cash while the S&P and Nasdaq tear into new all-time highs. It is easy for critics to say he is losing his touch in a hyper-growth tech market. But if there is one invaluable lesson to take from his philosophy, it is his ruthless appreciation for actual profits versus the cost of CapEx. Look at his legendary holdings: Coca-Cola, American Express, and Apple. These businesses are cash-distributing juggernauts. They rake in phenomenal profits while requiring relatively small R&D and capital expenditures to maintain their wide moats. As his quote perfectly captures: "I know what I want to do, and it makes sense to get going." I will add here,I do worry about the future of Berkshire after Buffett for several reasons that will take another long post.