Wombat Invest

@WombatInvest

Business, valuation & AI through stories and data. Think long term. Study before you invest. No hype, no FOMO. For education, not investment advice.

Joined September 2026

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Wombat Invest @WombatInvest Sep 13

Berkshire bought BNSF in 2010, nearly two centuries into the railway age.

Late to the invention doesn't mean late to the investment.

Missing an AI rally needn't mean missing AI. Keep studying the businesses—and the prices. There's no prize for rushing.

Berkshire began buying BNSF shares in 2006 and completed the acquisition in 2010. Railroads were already nearly two centuries old. A wombat studies beside a freight train. Source: Berkshire Hathaway 2010 Annual Report.

Selected historical share-price multiples: Meta 20.7 times (2012-2025), Shopify 69.7 times (2015-2025), Okta 12.4 times (2017-2021). First-day close to historical closing peak, split-adjusted, dividends excluded. Unequal holding periods, selected winners, not typical returns or forecasts. Source: FMP.

Three overlapping AI layers: infrastructure (chips, data centres, power); tools (models, coding assistants); applications (products people pay to use). A useful business could emerge in any layer. Framework, not a forecast.

A wombat studies while a distant rocket lifts off. Who pays? What cash is left? What does the price assume? Do not rush to bet. Keep learning. For education, not investment advice.