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 #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 #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 #210
Disinflation vs. Deflation, Zooming Out, Warren Buffett's Apple Sales, Teens without Smartphones, Adam Wright, Joel Greenblatt, Robert Kierlin, Bruce Berkowitz, Jeremy Grantham ...
The Digest #209
Berkshire's conservatism, Weschler's IRA, National Indemnity, A Defense of Andrew Left, Inflation hammers the poor, Felony convictions as footnotes, Immanuel Nobel, Eisenhower and D-Day ...
Inflation Expectations
There's no reason for anyone to care what I think about inflation, but readers should pay close attention to Warren Buffett's statements and actions ...
The Digest #193
Dynamic pricing, Greenback emissions, Berkshire Hathaway Energy, Working too hard, Ozempic's effect on the brain, Race and cardiovascular disease, Inflation's effect on insurance pricing ...
The Digest #166
The media landscape, Dollar General's meltdown, The written word, Damodaran on Instacart, The human condition, Herb Kelleher, Merger arbitrage, and more ...
Warren Buffett on Inflation — Part 3
During periods of high inflation, capital-light businesses have important advantages. See's Candies during the Great Inflation of the 1970s and early 1980s is a perfect case study ...
Warren Buffett on Inflation — Part 2
Inflation took the auto insurance industry by surprise in the 1970s, impacting Berkshire's auto insurance business as well as nearly bankrupting GEICO ...
The Digest #165
Buffett on Inflation, Dollar General, Due Diligence, Personal Libraries, The role of AI in drug discovery, Small-cap opportunities, and interviews of Peter Brown, Bill Gross, Chris Bloomstran ...
Warren Buffett on Inflation — Part 1
This article presents lessons learned regarding investing in bonds based on Warren Buffett's commentary in his final partnership letters written in 1969 and 1970 ...
Hedging Against Inflation Using TIPS and I Bonds
Inflation is like kryptonite for bond investors. This article describes two fixed income investments that provide some inflation protection ...
Warren Buffett’s Advice on Stocks vs. Bonds
In October 2010, Warren Buffett thought that stocks were far more attractive than bonds, a prediction that proved to be accurate ...
Death, Taxes, and Inflation
The ocean of debt needed to fund the federal government is likely to be monetized by the Federal Reserve resulting in a high structural level of inflation for decades to come ...
The Digest #152
Revisiting I Bonds, Reinsurance, Buffett in 1979, Private Equity, Why Inflation Matters, Justifying Optimism, Jim Simons, Jay Gould, Fred Martin ...
The Digest #139
Volcker and Buffett on Inflation, Is Meta cheap?, Bernanke's Nobel, Painful times for housing, Revolutionary technologies, The right heroes ...
The Digest #137
Lies and Deception, Damodaran on Inflation, David Gottesman, Apple Hedges on China, Excessive Optimization, Trader Joe's ...
The Digest #126
Tom Murphy Interview From 2000, Apple's Ad Opportunity, Ruined by Crypto, Interviews of Nick Howley and Nassim Taleb ...
Enduring Inflation
Recent research suggests that inflation, adjusted for methodology changes, is getting close to the peak of the early 1980s, casting doubt on the sufficiency of the Fed's response ...