Berkshire Hathaway acquired $928 million of its own stock during the third quarter of 2018 through a series of purchases of Class A and Class B shares from August 7 to 24. A repurchase of this size, relative to the
The Pitfalls of Early Success – A Personal History
“Success makes people think they’re smart. That’s fine as far as it goes, but there can also be negative ramifications.” — Howard Marks The investing profession tends to attract individuals who, to put it politely, have a healthy sense of
Book Review: Mastering the Market Cycle
“Imagine how much harder physics would be if electrons had feelings!” — Richard Feynman The goal of many websites is to create “evergreen” content — that is, content that stands the test of time and will prove to be relevant
Book Review: University of Berkshire Hathaway
“It can’t possibly be this easy!” A first time attendee of a Berkshire Hathaway annual meeting might find it hard to believe that there could be any skeptics in the crowd. In contrast to the boring, useless, and perfunctory meetings
Book Review: A Man For All Markets
The team of six, three men and three women, pretended not to know each other and made their way to the baccarat tables at the Dunes casino in Las Vegas. It was the spring of 1963 and Las Vegas was