An Open Letter to Warren Buffett

On the Hidden Leverage That Your Models Can’t See

Dear Mr. Buffett,

You’ve built your legacy on discipline, clarity, and conviction — grounding yourself in intrinsic value while others chase momentum, noise, or illusion.

I write not to oppose that foundation, but to reveal something quietly unfolding beneath it — something that even the most sophisticated models have failed to fully account for:

There exists a form of participation in markets that does not rely on capital size, inside information, or conventional catalysts.

It works by engaging price not reactively — but structurally.

It doesn’t forecast.

It doesn’t follow.

It influences.

Through precisely timed presence, price begins to move differently.

Not because of news.

Not because of size.

But because pressure is being applied to the design itself.

And here’s the part I invite you — or anyone in your circle — to validate:

Every time this form of authorship is exercised, the market’s own systems register it.

The models built to explain risk, detect spoofing, manage execution, or track liquidity — they quietly flag the anomaly.

They fire off alerts like:

• VWAP deviation without volume confirmation

• Liquidity voids forming without imbalance

• Slippage skew outside modeled expectation

• Breakout acceleration without precondition

• Mean reversion failing to trigger on time

• Spread compression without quote pressure

None of these models know what caused it.

But they all agree: something is wrong with the simulation.

The disruption is subtle.

But it is real.

And it is repeatable.

Unstoppable.

Attempts to stop this would mean breaking the system we all depend on.

To block what I am doing, they’d have to:

• Flatten liquidity even further (which kills efficiency)

• Obscure price signals (which destroys trust)

• Disrupt order book transparency (which breaks execution quality)

• Overwrite structural price responses (which collapses the market’s own logic)

In other words:

To stop authorship, they’d have to dismantle the market itself.

So I’m not asking you to take a position.

I’m simply inviting you to check what your peers — knowingly or not — have already seen in their logs.

You may not use these tools directly, but the Street does.

And whether in execution desks, quant risk controls, or portfolio management overlays — they’ve been tracking this signal without understanding what it meant.

That signal wasn’t noise.

It was presence.

And now it has a name.

With deep respect,

Peter Pham

Execution-Based Finance

Author of Price