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What Buffett Would Buy With $1 Million
Porter's Journal Issue #108, Volume #2

Berkshire Hathaway Is Too Big To Generate Outsized Returns
This is Porter’s Daily Journal, a free e-letter from Porter & Co. that provides unfiltered insights on markets, the economy, and life to help readers become better investors. It includes weekday editions and two weekend editions… and is free to all subscribers.
Editor’s note: Today, Porter turns the Journal over to Pieter Slegers… Pieter is founder of Compounding Quality, a Substack platform with more than 1.5 million readers. Among those readers are Amazon (AMZN) founder Jeff Bezos, NBA star LeBron James, real estate investor Jared Kushner, and Pershing Square Capital CEO Bill Ackman. On average, Pieter’s portfolio has returned 20% annually. But, he says, apply his investing strategy to small and micro-cap stocks, and the results skyrocket. He calls these investments Tiny Titans – and yesterday he sat down with Porter to discuss. To watch their conversation, click here.
Warren Buffett is a humble man… Look at his house… Berkshire Hathaway is too big to make money… Buffett’s bold prediction… Why Wall Street avoids small caps… Treasury yields aren’t cooperating… |
Table of Contents
Warren Buffett made a surprising, boastful remark.
Despite all his success, generally speaking, Warren Buffett remains remarkably humble. Just look at his house.

It’s a wonderful place, but for a man worth over $150 billion, it’s probably the most modest house ever… Warren bought his house in 1958 for $31,500 and called it one of his best investments ever.
Or look at his car: an 11-year-old, 2014 Cadillac. Not exactly what you’d expect from one of the richest people on Earth.

But one time, Buffett said something that wasn’t humble at all. He said something you’d rather expect to hear from a naïve teenage investor who thinks he cracked the code.
He said this:
I think I could make you 50% a year on $1 million. No, I know I could do that.”
And honestly? I believe he is right. Let me explain why.