The Cost of Corporate Security
The assassination of UnitedHealthcare CEO Brian Thompson revealed corruption in society that justifies higher corporate spending to protect executives ...
The Digest #227
Final Issue: Bitcoin at $100K, Buffett and Munger Unscripted, Blue Chip Stamps, Flawed CPI Statistics, Ergodicity, The End of Shame, Notre Dame, Online Censorship, Healthcare Costs ...
The Digest #226
Warren Buffett donates $1.15 billion to his family foundations ...
The Digest #225
A Dangerous Interregnum, Trump's Energy Policy, Damodaran on ESG, Buffett in 1970, Inflation's Role in Trump's Victory, Taxes in Retirement, James J. Hill, IKEA, F. A. Hayek, Shakespeare ...
The Digest #224
Edith Hamilton on human stupidity, BHE's latest investor presentation, Berkshire's 13-F, Extending human lifespan, Fastenal's success story, Buffett's early investments, IKEA's founder ...
The Digest #223
Corporate Taxes, Election Gambling in 1916, Berkshire's Cash, Treasury Inflation Protected Securities, Market Prices as Political Predictors, The Three Indias, Semiconductor Progress ...
The Digest #222
Berkshire Hathaway's Q3 Results, BRK 2X Long Daily Target ETF, Presidential Election Polling, Online Speech, Price Controls, Shakespeare's Caesar, Musk and SpaceX, Micro-Cap Investing ...
Stepping into the River
Just like no man steps into the same river twice, reading a worthwhile book multiple times continues to yield new insights over the years ...
The Digest #221
Bezos on Media Bias, Marks on Asset Allocation, Moral Hazard, Meta's AI Prospects, Vision Pro: Success or Failure?, Berkshire in the 1960s, Whole Foods, Black Diamond, Merck, Wormholes ...
The Digest #220
The Intelligent Investor, Antitrust and Big Tech, Berkshire Hathaway's Moat, Nuclear War Risks, The Invisible Man, AIG's Rise & Fall, Housing Prices, Barbary Wars, Speeches of Pericles ...
The Digest #219
Roth IRA Conversions, Net-Nets, Margin of Safety, SpaceX's Triumph, The Dystopia of Smartphones, Sam Zell, UK Bargains, Gregorys Coffee, Free Speech Under Assault, Dopamine and Addiction ...
Roth IRA Conversions For Early Retirees
Roth IRA conversions could make sense for early retirees who are able to control their income and avoid falling into a high tax bracket ...
The Digest #218
Books I read during Q3, Hurricane insurance claims, Berkshire's troubled railroad, Nike's troubles, Doing what you love, Human aging, Ray Ozzie on intelligent machines, Aesop's Fables ...
What I’ve Been Reading
This post is a list of books that I read in the third quarter of 2024, including Thucydides, Sophocles, Persian Fire, Hillbilly Elegy, and more ...
The Digest #217
Berkshire Hathaway Acquires BHE Minority Interests, Measuring Competence, Greg Abel Interview, The Fed's Inflationary Bias, Jimmy Carter at 100, Sam Altman, Bruno Leoni, Thermopylae ...
Berkshire Hathaway Acquires BHE Minority Interests
Berkshire Hathaway has acquired the remaining minority interests in BHE from the Scott family and now is the sole owner of the energy company ...
Measuring Competence
Measuring competence is straight forward in many fields, such as carpentry and dentistry, but not as clear when it comes to investing ...
The Digest #216
Trading Berkshire, The Theban Plays, The laws of economics, Fed fairy tales, Buffett's "retirement", Caro's writing process, Buffett's ground rules, Sherwin Williams, Mysterious owls ...
The Theban Plays
The tragic life of Oedipus is the subject of The Theban Plays by Sophocles. The horrors of its plot has captivated audiences for nearly 2,500 years ...
Just Hold the Goddamn Stock!
Charlie Munger's solution to estate planning at Berkshire was simple: Just Hold the Goddamn Stock! Unfortunately, his advice is not easy to follow ...