The Buffett Way vs. My Way — Why I Choose Income Over Legacy

by | Sep 22, 2026

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Warren Buffett’s stepping back, and the headlines are everywhere.

People are asking what it means for Berkshire Hathaway (BRK.A, BRK.B), who takes over and whether the magic continues. Fair questions if you’re in that camp.

Me? I’ve always avoided Buffett and his crowd. Not because I don’t respect what he’s built — I just don’t trade that way.

The Buffett gospel is all about buying great companies, holding forever and letting compounding do its thing. That’s fine. It’s just not my method.

I’m an income-first trader. I know what works for me: selling premium, managing risk and staying liquid. I’m not building a portfolio to hand down to my grandkids — I’m generating cash flow, getting paid to wait and staying nimble.

That also means I can act on specific setups rather than commit to a company forever. An Oracle (ORCL) trade, for example, can take shape when prediction markets turn bullish on Alibaba Group (BABA) and its artificial intelligence work. I can evaluate that signal, define my risk and move on when the setup changes.

The Practical Problem With Berkshire

Even when BRK.A was trading above $200,000, it wasn’t practical for most traders. You couldn’t trade it the way I trade.

Sure, BRK.B bounces around quite a bit, but here’s the thing: You can never figure out which direction it’s going to go next. When you can’t read the tape, you can’t trade it. So I’ve left it alone and let Warren do his thing.

What Happens Next Doesn’t Change My Plan

My reaction to the succession news was simple: Either somebody’s going to be just as good as Buffett or just as lucky — I don’t know which — or the transition is going to damage what he built.

That’s not doom and gloom. Succession is hard, leadership transitions are uncertain and plenty of people are skeptical that Berkshire can maintain its legendary performance.

Buffett’s record was built over decades in conditions a successor won’t be able to recreate exactly.

Markets are also more interconnected than simple headlines suggest. A country or company might take action intended to hurt the U.S., for instance, but those moves can create costs on both sides.

That’s why I focus less on sweeping predictions and more on the price action, risk and income available in front of me.

The bigger point isn’t about Buffett. It’s about knowing your lane.

You don’t have to follow every guru, chase every strategy or pretend a method works for you when it doesn’t.

If buy-and-hold value investing fits your temperament and timeline, great. If it doesn’t, that’s fine too.

I know my edge, and I’m sticking with it no matter who’s running Berkshire next quarter.

Geof Smith
Geof Smith Trading 

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