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Meet Thrive Holdings, which focuses on creating AI start-ups and then rolling them up — but, as a holding company, can own them for a long time (or "forever," one person told me)

In today’s DealBook: @bernhardwarner on companies face a tariff transparency conundrum; cloudier CEO crystal balls; Grady McGregor on how tariffs threaten Vietnam’s favored trade status; Michael de la Merced scoops a big Mubadala Capital funding deal; and more nyti.ms/3Gs91zZ

😬 When you get to ask a question at the Berkshire Hathaway annual meeting, and you confused BRKA with another Berkshire

Fascinating how an answer about insurance for autonomous vehicles at Berkshire Hathaway's annual meeting turns into Warren Buffett riffing on Einstein and "we don’t necessarily have perfect people leading some of the nine countries" that can destroy the world with nukes

Investment advice from Warren Buffett...If you can talk to a CEO, ask them this question: If you were stuck on a dessert island for 10 years, which of your competitor's stock would you buy? And which would you short?

Well, there's obviously a different story now! Buffett wants to step down as Berkshire's CEO at year end and be replaced by his heir apparent, Greg Abel. Read more The New York Times

Fascinating analysis by Rajiv Sethi on prediction markets and the papal election. (He correctly predicted to me for DealBook that information leakage probably wouldn't come into play: nytimes.com/2025/05/05/bus…)

In today’s DealBook: Michael de la Merced examines the costs of Trump’s latest hit to Harvard; Trump antitrust cops take aim at BlackRock; the senators who might challenge the budget bill; Danielle Kaye on Big Food’s SNAP funding worries; and more nyti.ms/4k8LVNz