My raw notes from the event: docs.google.com/document/d/1Tt… Some great tidbits: Charlie went to the public library whenever he had a problem. He read a lot of biographies. Charlie was a phenomenal lawyer. But one day he announced that he'd rather be a client than a lawyer. His

The more you observe, the more you realize that many people are captivated by the argument "the S&P 500 has delivered an 8% average annual return over the past 100 years." What gets overlooked, is that there have been decades where investors were lucky just to break even.

Warren Buffett bought a share of Delta Duck Club for $29,000 in 1966. - Market cap: $2.8 million - 1x earnings net of cash - 13% dividend yield - Oil field was active until 2018

.Amrita Sen, Energy Aspects Founder & Director of Research, says expect volatility in oil prices as the markets await Israel's retaliation against Iran:

"My children laugh at me. They think I'm a book with a couple of legs sticking out." Charlie Munger was a ferocious reader about many subjects. Here are 20 books he recommended: 🧵

Fifty Great Business Books....

German utility execs who champion the Energiewende are starting to panic after this month's shocking 12-day wind drought. RWE CEO Markus Krebber posted a desperate plea for more "secure" power supplies this morning on LinkedIn. The situation is coming to a breaking point.

As Markus Krebber went viral by begging for power plants on LinkedIn, I received these ominous texts from a Dutch power expert, half a bottle of wine deep and despairing for his country and continent. Read it and you'll see why. Europe may be lost barring a dramatic awakening.

Li Lu on Moats

This is Warren Buffett’s offer letter to Rose Blumkin for Berkshire to purchase 90% of Nebraska Furniture Mart in 1983.

Here’s the interview. Sheffield didn’t get his $XOM BOD seat so he’s going torched earth on shale 🤣#OOTT

Every book Charlie Munger has recommended in Berkshire meetings since 1994:

A book that changed your life:

Petroleum philosophers across the Basin have been duking it out in the internet trenches for years arguing about NAV: Net Asset Value as a tool to identify opportunities in buying energy stocks. "NAV is Dead" -Razor Oil "NAV is like Gravity" -Kevin Graham Year end reserves

Vianney For life and the mind? - A Master's Secret Whispers (Kapil Gupta MD) - I Am That (Sri Nisargadatta Maharaj) - Awareness (Anthony DeMello) Jed Mckenna's books are also great.

I need to listen to this

Current TSX share prices of Canadian energy E&P as a multiple of after tax nav per share If your favorite company isn’t on here then it’s because they did a material asset deal and I don’t have updated third party reserves for that proforma. I did adjust WCP though

I spent $100k on UGC before I learnt this… here’s how to get UGC for 80% cheaper & blow up your brand by posting data-driven high quality content on TikTok Here’s an example of an App doing $200k/m with this method…. This TikTok format is so easy, Here’s a full in-depth

I'm delighted to share a new episode of the #RicherWiserHappier podcast: my conversation with Jim Grant. Drawing on 50 years of experience as one of the smartest, most skeptical observers of Wall Street, he warns that a "major market top" is "in formation." Listen or Watch:

He talks about Clearwater. Called it the best play he has seen in his carrier. He is in Tamarack and Headwater, and raves about them because of their clearwater exposure. He didn't mention OBE, but his comments about Tamarack and Headwater are directly applicable.