And we never saw the bubble coming. Great exert from the Berkshire Hathaway 2023 Annual Letter. What is the next bubble that’s about to burst?

Dear naps, sorry I hated you as a kid.

open.substack.com/pub/aletterada…

A "cognitive bias" is a systematic error in thinking that ruins decision-making. The 12 most powerful cognitive biases I've found:

Excellent conversation. As a father and a son I hope to continue what my father started for generations. Chris Davis gives some great insights in how to last for generations. podcasts.apple.com/us/podcast/the…

Pure gold for value mindset. Seth A. Klarman, President, The Baupost Group, Boston, MA youtu.be/YdGloitRgbM?si… via YouTube

I Pity the Fool who confused Vanderbilt for the patsy. podcasts.apple.com/us/podcast/fou…

Mohnish Pabrai’s Q&A session at the Harvard Business School on September... youtu.be/MDuPszGThmE?si… via YouTube

Best beginning to a chapter I have seen. Mohnish is the shameless cloner and it has yielded unbelievable results. Richer, Wiser, Happier

#lifegoals

The technical term for the payroll report that just came out is "dumpster fire".

Intel stock is now lower than it was in 1997. Back then, it had the 3rd highest market cap of any US company. Today, it's not in the top 100. It's an interesting anecdote when considering today's high fliers.

Charlie Munger’s answer to “What was Buffett aiming for as he designed Berkshire?”

The ITEX Group Giving Back Through the Houston Food Bank youtu.be/cD_hW2TzLX4?si… ITEX

A taxpayer-funded hotel for illegal migrants is owned by the Pakistani government which means NYC taxpayers are effectively paying a foreign government to house illegals in our own country. This is nuts.

I still cannot believe that I can: - look at a world map and tap anywhere to zoom in at street level - instantly access any song, book, movie, tv show, or podcast ever made - have any conceivable question and get an immediate answer or video explanation - take a photo or

An 11-year-old immigrant’s bold dream led him to interview a sitting U.S. President —and that moment sparked a lifelong legacy of generosity and belief. Watch how one phone call changed everything, and how Kevin Nazemi is now paying it forward to the next generation.

At VALUEx BRK, I talked about the need to fix US healthcare, which would make life better for all Americans. youtu.be/9VFcYDpLW2o?si… Our Founders knew that special interests would be a problem for our democracy, and that an answer was to shine a light so that the majority could

itexgrp.com/more-than-a-ro… News