Beile Grünbaum (@Beile) header
Beile Grünbaum (@Beile) profile picture

Fund manager, Grünbaum Value Invest Also teaching value investing at Money Freedom / Penge og Frihed Weekly newsletter in English 👇

Joined December 2008
Beile Grünbaum retweeted
If you’re not following this account of a Japanese man abroad in America, you should be.
I needed to move a sofa. I mentioned this to an American. He said, "You know anybody with a truck?" I did not know anybody with a truck. He looked at me with real concern. Not pity. Concern. The way you look at a man who has told you he does not have a name. "You gotta know somebody with a truck." I asked how one acquires such a person. He said, "You just do." This is the third time I have received that answer in this country. It is the answer to everything here. You just do. There is no process. There is only the eventual fact of having. He said, "Ask Kevin." I do not know a Kevin. He said Kevin like I should. He said it the way you say a shared uncle. I met Kevin four days later. Kevin owns a truck. Kevin does not own a truck for himself. Nobody owns a truck for themselves. Kevin owns a truck for a fifteen mile radius. Inside I said: THIS MAN HAS TAKEN A VOW. HE DID NOT ANNOUNCE IT. HE SIMPLY PURCHASED A BED AND ACCEPTED THE CONSEQUENCES. Kevin arrived on Saturday. He brought the truck. He also brought a second man. I had not asked for a second man. The second man's name is Tony. Tony came because Kevin came. Tony did not know me. Tony did not ask what we were moving. Tony brought gloves. They moved the sofa in eleven minutes. I offered them money. Both of them laughed at the same time, which felt rehearsed and was not. I asked what I owed them. Kevin said, "Buy the pizza." That is the price. That is the entire economy. The truck costs one pizza and the pizza is not negotiable and the pizza is also not expensive and everyone knows what size. Inside I said: THE FEE IS FIXED ACROSS THE ENTIRE NATION AND WAS SET BY NO ONE. We ate on the floor because the sofa was against the wall and none of us wanted to be the first to sit on it. Tony told me his daughter plays soccer. I asked if she is good. He said, "She's aggressive." I still think about that. Three weeks later, Kevin texted me. "You free Sunday? Helping Tony move a fridge." He did not ask if I wanted to. He informed me of a fridge. Inside I said: I HAVE BEEN CALLED UP. I DID NOT ENLIST. THE PAPERS WERE FILED ON MY BEHALF. I went. I moved the fridge. I have no truck. I contributed only arms. Afterward, a man I had never met asked me if I knew anybody with a truck. I said, "Yeah, I got a guy." I have a guy. I am somebody's guy now, too. Tony has told two people about me. He describes me as "the guy who's strong for his size." I have never been prouder of a sentence in my life.
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Actually, this was what I was trying to say with a much longer tweet.
"Buy good companies, don't overpay, do nothing." — Terry Smith
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Right now, investors are lining up to buy companies that are losing extraordinary amounts of money. But following the crowd is a lousy stock market strategy in the long run. Here is what to do instead 🧵
🤖 Made with AI
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6. Add patience Most people want a positive return now. Don't think 3-9 months out. Think 5-10 years out. The market rewards the combination of wonderful companies, a good price, and patience.
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Thank you for reading! Value investing is something I obsess over. Follow me for more on how to invest in profitable businesses at reasonable prices.
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This has got to become a meme.
Elon Musk just rang the opening bell for the stock market today at the Nasdaq
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Beile Grünbaum retweeted
Elon Musk just rang the opening bell for the stock market today at the Nasdaq
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Absolutely entertaining
Charlie Munger being ruthless for 5 minutes
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Unpopular opinion: It’s okay to be average. Just be the most consistent. Consistency often beats talent. Agree?
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My feed is flooded with selfies from Omaha this weekend. I'm not on any of them. Why not? Let me tell you. Here are 5 reasons NOT to go to the Berkshire Hathaway annual meeting ➕ 1 strong reason you should still want to go 🧵 Spoiler: Warren Buffett is no longer a factor.
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So why should you go? One reason: if you already have a network of investors who'll be there. Omaha is incredible when you walk in with the right people and into the right rooms. Dinners. Side conversations. Real depth. But you have to know where to go even before you get there. Without that, it's an expensive weekend with strangers you'll never see again.
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Why did I stay home this year? Not because Omaha wasn't worth it. It was. But a great investor network doesn't need to be tied to one city, one weekend a year. It can be built over time. Locally. Or online. Through real conversations. That's what I'm focused on now. If that resonates with you, follow or reach out. I would love to connect.
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