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Jason’s Random Words
As you probably know we were in Omaha earlier this month for what may prove to be the second-most consequential shareholder meeting in the company’s history. The first, of course, was the 1965 meeting where Buffett assumed control of Berkshire.
As an aside, Buffett didn’t take the Chairman role until 1970. Can he remain in that role for another five years? He’d still be a few months short of being a centenarian if so, and as I predicted, it looks like he plans to remain chairman until he is physically unable to do so.
Anyways, Jeff and I, along with our friend Tyler Crowe, made the decision to go to the Berkshire annual meeting this year in no small part because we were all of the belief that this would be Warren’s last as CEO.
And we were right! We were in the building!
Sort of!
We weren’t actually, technically in the room. But there’s more to the story, and you can hear it from me and Jeff in a new way, here.
So what’s up with the Patreon in the link above?
We have finally decided to do something that a lot of listeners have asked us for in the past year or so. We are starting up a community, and part of it includes exclusive access to content you can only find on Patreon, like our first Rough Cut Exclusive, where Jeff uses grownup words in anger at me. It was justified.
But we want to build more. As much as we have a shared community already, it’s one-sided. A lot of you want more.
You want a place where you can go and be surrounded by your own investing community. Where you can connect with people who will actually be interested in talking about stocks. Where you can solicit for feedback on investing ideas, and give feedback in turn.
Where you won’t have to worry about spambots in your DMs or dominating the replies on posts.
And we believe a combination of Patreon and Discord are the solution to this. Where we can build an investing community together. Our upcoming episode this Wednesday, May 21st, explains it in more detail.
What we are planning to do
Let’s start with what we are not going to do.
We are not moving our podcast off of the existing apps
We are not changing our existing social media channels or our — admittedly rather minimal — engagement on them
We are not getting rid of our YouTube channel
We are not — at least for now — getting rid of this newsletter in its current distribution model
But we will be doing a few things differently.
To start, we will be co-publishing the Random Words to our Patreon. The upside is if you already use Patreon and the app, you can unsubscribe from this, and still get the weekly-ish words on a single platform you’re already using. The downside is if you like reading it in your email, you can’t do that with Patreon.
But part of our goal is to build more for you, and for us. Here are the other things that you’ll be able to get access to:
Access to our exclusive Discord server, with a number of topic-focused channels where you can interact with us and with other investors.
Access to episodes of Investing Unscripted with fewer — not zero, just less — ads.
Rough Cuts Exclusive episodes available only on Patreon, at least once per month. — our first one is already uploaded, waiting for you to listen!
Here’s the catch. We are putting in a lot of time to make this happen and hopefully a success, and that means we need to charge for it.
How does $5 per month sound?
We think it’s a pretty great deal for everything we are putting together. More content. More spam- and bullshit-free community. Fewer ads. Exclusive content only members can access.
Jeff came up with the name: Starter Position. I think it’s a great name. Even if it was Jeff who came up with it.
Will you join us? I hope so. The Patreon is up and running, but we still have some bugs to hammer out. And we are planning to officially launch the Discord server on Wednesday, but early subscribers will probably get access to it sooner. Maybe.
At any rate, if you like what Jeff and I do and you want more of it, you want a better investing community, or even if you just want to help support us, we’d love you to come over to Patreon and check it out, and join the Starter Position community.
Hope to see you there!
Jason
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