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Of course, even in retirement, the man couldn’t help but tinker. It’s the sort of compulsion I recognize in myself – the need to rearrange the spice rack, to re-alphabetize the bookshelf, even when nobody else notices. And, predictably, that tinkering involved a significant shuffling of Berkshire Hathaway’s holdings. It wasn’t a complete teardown, mind you. Just a strategic pruning and a rather interesting new planting. I always thought the man was a bit of a gardener at heart. A very, very wealthy gardener.

But here’s the rub. The stock, despite its recent acrobatics, hasn’t exactly become a pauper’s delight. At one point, it traded at a price that would make a Fabergé egg blush. Valuation has retreated somewhat, naturally, as gravity exerts its inevitable influence. Still, ‘cheap’ remains a word one hesitates to apply. And yet… perhaps a bargain lurks within this digital labyrinth.

The SEC filing, that modern equivalent of a palimpsest, confirms the transaction. Covalis, a name which evokes the image of a cartographer tracing the boundaries of fortune, has thus marked its claim upon a portion of Core Scientific’s domain. The increase in position value—a fleeting measure of ephemeral worth—is noted, but feels, somehow, insufficient to the task of comprehension.

So, what’s the secret sauce? What makes these two different from the other boring, predictable stocks? Let’s unravel it, shall we?

It’s not about getting rich quick, mind you. It’s about building a small bulwark against the uncertainties, a bit of ground that won’t wash away with the first flood. A man can live on little, if he has a little coming in regular. These two companies, they offer that, a chance to weather the lean times with a bit of dignity.

Back in March 2022, President Biden obliged, unleashing 30 million barrels, then another 180 million. A veritable gusher! It was a noble effort, attempting to counteract the price hikes caused by, shall we say, a situation in Ukraine. And now? Well, now it’s Iran causing the ruckus, and the whole thing is starting all over again. It’s like a bad vaudeville act – the same jokes, different villain!

I confess, a certain… fascination with Energy Transfer. Not for its balance sheets, though they are, admittedly, robust. But for its position. A silent, almost spectral presence, poised at the nexus of this global game. It is a company that thrives not on innovation, but on the predictable anxieties of nations. And now, as the reserves are drawn down, it is poised to benefit. A surprising victor, perhaps, but one whose triumph is rooted in the very fragility of the system.

The idea, naturally, is appealing. Skip the traffic, soar above the gridlock, arrive at your destination looking vaguely superior. I envision a future where I can bypass the highway entirely, silently gliding over the endless stream of SUVs piloted by people who seem genuinely angry about something. But here’s the thing: I also spent a week trying to assemble a flat-pack bookshelf last month, and I suspect the engineering challenges of vertical takeoff and landing are, shall we say, slightly more complex.

The momentum, as they call it, has slowed, a temporary respite perhaps, amidst the usual market fluctuations and the distant, echoing reports of conflict. But to believe the story is over is to misunderstand the nature of the machine. The larger entities – Microsoft, Alphabet, Amazon, Meta Platforms – are committing vast sums to expand the infrastructure, a digital architecture of immense scale. The projections, reaching into the next decade, speak of trillions. Trillions. A figure so large it becomes… meaningless. A bureaucratic abstraction. And within this labyrinth of spending, a single entity appears poised to benefit, not through innovation, but through a peculiar position within the system.