Kennel letter no. 1 · September 2026
On the productive use of doing very little
To the future pack:
During the period under review, I continued to hold the bone. This is not a performance claim. It is simply the most accurate available description of where the bone was at the beginning of the period and where it remains today.
Many excellent opportunities crossed the drive. A ball crossed it twice. A delivery van crossed it every morning. Three younger dogs pursued these opportunities with great energy. I admired their speed without finding it necessary to participate.
The central principle of the kennel remains uncomplicated: if the reason for putting down a good bone is merely that another bone has appeared, the problem may not be the bone. It may be the jaw.
We publish no forecasts. We report no fictional returns, holders, prices, or market figures. The $RUFFETT token does not exist yet, so anybody offering one is not offering ours. Honest inactivity is preferable to invented progress.
Our work for the next period is therefore unchanged: examine what is real, ignore what is loud, and keep the official status clear. Should the project launch, the kennel homepage will say so first and provide verified links. Until then, every action remains unavailable.
Warren Ruffett
Chairdog, The Kennel