On July 8, Warren Buffett submitted a regulatory filing to document his annual contributions of Berkshire Hathaway stock to several charitable foundations. The filing included the total number of shares Buffett held as of July 8 along with the percentage of economic interest of Berkshire he controlled as of that date. Sharp-eyed investors and journalists noted that the disclosure implied that Berkshire has been repurchasing shares.
The Psychology of Masks
In the spring of 1980, my family moved from a small apartment to our first house. For a six year old boy, the excitement of having a backyard to play in was tempered by knowing that I would be switching
Thoughts on Berkshire’s Deployable Cash
“Berkshire will forever remain a financial fortress. In managing, I will make expensive mistakes of commission and will also miss many opportunities, some of which should have been obvious to me. At times, our stock will tumble as investors flee
The Great Influenza of 1918
On January 19, 1917, German Foreign Secretary Arthur Zimmerman sent a fateful telegram to Heinrich von Eckardt, Germany’s Ambassador to Mexico. The telegram authorized Eckardt to propose a military alliance with Mexico. Germany would provide Mexico with generous financial aid
The World Has No Pause Button
Time marches on relentlessly. From birth to death of a human being, or any living creature, the passage of time is a constant rhythm, never ceasing to make forward progress. Try as we might to slow the relentless tick of