Words to Remember
Put Your Money Where Your Forecast Is 🧠
“Predicting rain doesn't count; building arks does.”
Why we ran it
After voters in Texas and other states backed moratoriums on new data centers, about 45 percent of planned capacity faced sudden delays. Hardware suppliers like Sandisk and Broadcom traded as much as 66 percent and 41 percent below recent highs, forcing investors to notice how difficult building anything new had become. Warren Buffett, known for rewarding execution over forecasts, captured the difference between seeing risk and acting on it.
From the November 6, 2026 issue: They Messed With Texas →