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It’s a remarkable rise-Oklo’s stock has surged from virtually nowhere to a market valuation of $19 billion in less than a year. It’s even managed to outpace not just its direct competitors like NuScale (SMR), but the Wall Street darlings Nvidia and Palantir. Not bad for a company that doesn’t even have a functioning nuclear reactor, let alone a revenue stream. At the moment, Oklo isn’t selling chips or software. It’s not selling anything at all. But it does have an idea, and-this is important-money to burn.

For what is a smartphone, a wind turbine, or a drone, if not a silent testament to the quiet alchemy of rare earths? Yet the Americans who wield these marvels have long relied on distant hands to forge their foundations.

But let’s get back to that original $10,200 investment. The one you could have made when Google went public. If you’d put that money in back then and kept your hands off the keyboard, you’d have a cool million today. But here’s the question: Is Alphabet still that “make a millionaire” kind of stock, or did the party end with the 2010s?

Alright, let’s give credit where it’s due-even if I’m notoriously bad at math and metaphors. Rivian went from “hey, electric trucks!” to delivering actual metal-on-metal vehicles. Their R1T truck? Respectable. Their Amazon delivery vans? Everywhere. The maniacs even turned a teensy profit last year. I mean, “gross profit” sounds fancy, but it basically means they sold enough trucks to cover costs. Baby steps, right? Then they dropped 10k deliveries in a single quarter. That’s not a fire sale-it’s a bonfire. And the R2’s coming next year, aimed at the masses like a discount coupon aimed at my wallet.

But Buffett, that sage of Omaha, ain’t one to fade quietly into the prairie sunset. Though his words still hum with the optimism of a man who believes in the soil beneath his boots, his hands have been busy-slinging off $177 billion worth of stock since 2022. It’s a quiet sermon, preached in the language of ledgers, warning of fields overripe for the rot.