The Digest #178 November 30, 2023 Berkshire countersues Pilot's founders, Meta targeting teens, Title Insurance, Moats & capital allocation, CAVA's origin, VISA's history, Business lessons from Tom Murphy
The Digest #177 November 29, 2023 Remembering Charlie Munger
Charlie Munger (1924 – 2023) November 28, 2023 A life well lived
Buffett Accelerates Gifts to Family Foundations November 22, 2023 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.
The Digest #176 November 21, 2023 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
The Digest #175 November 16, 2023 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
Superinvestor Portfolio Changes — Q3 2023 November 15, 2023 A few observations based on recent 13F filings, with a focus on Berkshire Hathaway, Dollar General, Markel, and Semper Augustus.
Finding Your Life’s Work November 14, 2023 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.
The Digest #174 November 10, 2023 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
Berkshire Hathaway’s Q3 2023 Results — Manufacturing, Service, and Retailing November 8, 2023 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.
The Digest #173 November 7, 2023 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
GEICO Prioritizes Profits Over Market Share November 7, 2023 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.
Buffett Continues to Avoid Long-Term Bonds November 6, 2023 Berkshire's longstanding aversion to fixed-maturity investments has not changed in response to higher interest rates.
Berkshire Hathaway’s Q3 2023 Results — Overview November 5, 2023 A high level overview of third quarter results and year-to-date repurchase activity.
The Digest #172 November 2, 2023 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