Managing Decline February 2, 2023 Psychological and social factors serve as complications for investors seeking to invest in declining companies, often referred to as "cigar butts".
Information Wants To Be Free January 30, 2023 All paywalls on The Rational Walk have been removed. This article is a listing of twelve recent comprehensive company write-ups available for download.
In Search of the Buffett Premium January 27, 2023 Some thoughts on Berkshire Hathaway's long term future twelve years after writing a comprehensive report on the company.
Instant Feedback January 26, 2023 Using a continuous glucose monitor for two weeks made me think about the pros and cons of instant feedback in life and in markets.
Daily Journal Corporation January 24, 2023 Charlie Munger is determined to complete the transformation of a small newspaper publisher into a significant software company
Earning Wisdom January 17, 2023 Passive consumption of information is not enough to earn true wisdom. Leo Tolstoy advocated serious efforts to leverage what we learn from others. There are no shortcuts.
Flights of Fancy January 13, 2023 The dream of flying like birds has captivated human beings for thousands of years. In his new book, Richard Dawkins provides a fascinating account of the history of flight.
Tyler Technologies January 7, 2023 Tyler Technologies is one of the leading companies offering software and related services for public sector entities in the United States.
Damn Right! — Behind the Scenes with Charlie Munger January 1, 2023 A book review of Damn Right! — Behind the Scenes with Berkshire Hathaway Billionaire Charlie Munger, published on Munger's 99th birthday.
Journal Technologies December 27, 2022 Charlie Munger's bet on enterprise software for court systems has been overshadowed by Daily Journal's investment portfolio. The software business deserves more attention.
The Year in Review December 26, 2022 This article contains links to the top twenty articles of 2022 and discusses plans for the future of the Rational Reflections newsletter.
What I’ve Been Reading December 23, 2022 This post is a list of books that I read in the fourth quarter of 2022, most notably The Price of Time by Edward Chancellor and The Idiot by Fyodor Dostoevsky.
The Progressive Corporation December 21, 2022 This profile examines the third largest private passenger auto insurer in the United States with a focus on its rivalry with Berkshire Hathaway's GEICO subsidiary.
Fastenal Company November 26, 2022 This profile examines a leading industrial distributor with a multi-decade record of strong performance.
The Case for Splitting Berkshire’s Class A Shares November 21, 2022 A stock split would have no effect on a Berkshire's intrinsic value, but could keep super-voting Class A shares in the hands of longtime shareholders.