Great books represent a terrific value proposition. For a modest amount of money, or even free of charge at the local library, a reader can gain access to some of the greatest minds in human history. We take it for ...

Berkshire Hathaway acquired $928 million of its own stock during the third quarter of 2018 through a series of purchases of Class A and Class B shares from August 7 to 24. A repurchase of this size, relative to the ...

"Success makes people think they're smart. That's fine as far as it goes, but there can also be negative ramifications." -- Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of ...

There are many aspects of life where the link between cause and effect is very clear. Humans, as well as many other animals, quickly learn that taking a certain action invariably leads to a predictable and reliable result. For example, ...

"Imagine how much harder physics would be if electrons had feelings!" -- Richard Feynman The goal of many websites is to create "evergreen" content -- that is, content that stands the test of time and will prove to be relevant ...

The concept of share repurchases is not particularly complicated.  Repurchase programs allow companies to allocate capital toward purchasing their own shares either on public marketplaces or through privately negotiated transactions.  Capital allocation is one of the most important recurring functions ...

"Compound interest is the 8th wonder of the world. He who understands it earns it. He who doesn't pays it." -- Attributed to Albert Einstein The quote above has often been attributed to Albert Einstein although there is some controversy ...