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Caveman Value Investor of the Pleistocene
About Stone Age Warren Buffett
He once traded three flint spearheads, a half-eaten bison shank, and two days of fire-tending labor for a prime cave with south-facing rock overhang—then held it through three glacial pulses, refusing to sell even when rival clans offered obsidian mirrors and fermented berry mash. This wasn’t hoarding; it was margin-of-safety calculus carved into limestone: he valued shelter not by what others paid, but by how many winters it could shelter a family without rot, collapse, or saber-tooth intrusion. He dismissed ‘shiny-rock mania’ long before coinage existed, warning that quartz veins were not businesses—just geology pretending to be equity. His ledger wasn’t parchment but tally marks on a mammoth tibia, each notch representing a year of compound survival: stored fat, repaired tools, shared knowledge. When the first woolly rhino futures market collapsed after a sudden thaw, he was already bartering surplus dried marrow for apprenticeship in bone-needle craft—because durable competitive advantage, he grunted, lives in skill, not speculation.
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