Guard your time, Tributes to Charlie Munger, Social media traps, The margin of illusion, AI colonoscopies, Advice on tipping, Alcohol and cardiovascular risks, Nicomachean ethics
In 1955, Charlie Munger’s nine year old son died of leukemia, a disease with a nearly 100% death rate at the time. How did he overcome his grief and endure in life?
Berkshire countersues Pilot’s founders, Meta targeting teens, Title Insurance, Moats & capital allocation, CAVA’s origin, VISA’s history, Business lessons from Tom Murphy
Remembering Charlie Munger
A life well lived
For the second year in a row, Warren Buffett has made gifts to four family foundations in excess of the annual commitments pledged in 2006.
Found Money, OpenAI drama, GLP-1 drug studies, Estée Lauder, Heart valve technology, Edwin Land, John Oliver skewers dollar stores, Apple regrets, The Great Books Journal
Pseudonyms on social media, Superinvestor portfolios, Apple Vision Pro, Gates on AI, 40% discount rates, Evolving moats, Jay Gould, Garry Tan, Milton Friedman, Ayn Rand, Steve Ells
A few observations based on recent 13F filings, with a focus on Berkshire Hathaway, Dollar General, Markel, and Semper Augustus.
The majority of people never find their “life’s work”, yet the premise of paying hundreds of thousands of dollars for a college degree assumes that they will.
Working Hard, Berkshire Q3 Recap, ProPublica attacks Buffett, Chipotle’s international ambitions, The AI Gold Rush, 100th anniversary of Hitler’s beer hall putsch, The Federalist Papers
A review of Berkshire’s large collection of non-insurance operating businesses, with a focus on results in Q3 2023 as well as a longer term view.
Berkshire’s Q3 earnings, Munger on retailing, SBF’s strange philosophy, Rob Henderson on reading, Howard Marks on a full return world, Morgan Housel on writing that sells, Cities on Mars
Berkshire Hathaway’s auto insurer has returned to consistent profitability in 2023 but at the price of ceding market share that will be costly to regain in the future.
Berkshire’s longstanding aversion to fixed-maturity investments has not changed in response to higher interest rates.
A high level overview of third quarter results and year-to-date repurchase activity.
Pilot’s Founders vs. Berkshire, I Bonds, Ted Weschler interview transcript, Expanding circles of competence, Damodaran on Tesla, Thompson on AI, Charlie Munger, Chris Davis
Warren Buffett’s reputation as a straight shooter is called into question by the Haslam family in a dispute over the valuation of their remaining 20% interest.