Buffett spent his last year as CEO selling stocks and stockpiling $373 billion in cash. He was doing the opposite of everybody else. Drop your email and we'll send you the math.
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Field Memos are the public-facing tip of the work. The Club is where the desk lives — long-form research on tokenization, structural liquidity, and where capital is quietly moving next.
For the people who read Field Memo No 002 and wanted the next twenty pages.