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Among Berkshire’s crown jewels are four of the Dow’s finest-Apple, American Express, Coca-Cola, and Chevron-all businesses that, like well-made clocks, seem to run on inertia and a bit of good luck. Add to this the shiny new addition of Amazon, which waltzed onto the Dow stage last year, and Visa-an ingredient in the grand financial alchemy that turns small deposits into giant profits-makes a notable cameo in this play.

The prospectus, a 19-year-old parchment, whispers that VYM’s recent returns-5.74% over twelve months-outpace HDV’s 2.06%. Yet HDV, with the cruel efficiency of a tax auditor, extracts a higher yield: 3.09% to VYM’s 2.49%. The numbers are immutable, etched into the ledgers of the market, but their meaning dissolves in the fog of investor intent. Expense ratios? A bureaucratic squabble: 0.06% vs. 0.08%. Assets under management? VYM’s $81.3 billion swells like a bloated river, while HDV’s $11.7 billion trickles through narrower channels.

When a corporation announces a split, the stock price often dances upward, as though the act of division could multiply value. Investors, those creatures of habit and hope, rally to the spectacle, mistaking the rearrangement of shares for a testament of strength. Yet what is this but a mirror held up to human folly? A split does not alter the company’s essence; it merely shuffles the deck of ownership, leaving the house of cards intact. The management, in their declarations of bullish intent, speak with the confidence of orators, yet their words are but echoes of the crowd’s own delusions.

GLD has the lower fee (0.40% vs. 0.50%) and a bigger wallet ($141.4B AUM vs. $26.3B). SLV, however, has been the wild card, delivering a 65.3% return compared to GLD’s 58.6%. But here’s the catch: SLV’s rollercoaster ride means you might end up screaming “WHY IS MY PORTFOLIO CRYING?!”

Let’s parse this like a riverboat gambler sizing up a mark. First, what’s this 6,666 figure mean? Well, it’s a tidy 232% leap from Mr. Peller’s prior holdings-a leap that’d make a frog envious. Compare it to his usual trading, where he’d dabble with 1,450 shares like a man picking nickels up in a thunderstorm. This, however, is a full-blown gold rush.