"Those of you who after we are gone sell your Berkshire stock and do something else with it, I think are going to do worse. So I would advise you to keep the faith" - Charlie Munger Source: Semper Augustus 2023 Letter semperaugustus.com/clientletter

You can read Siddhartha 100 times and still be blown away at the 101st

The only thing untouched by the fed is The Masters food prices

All courses of action are risky, so prudence is not in avoiding danger (it's impossible), but calculating risk and acting decisively. Make mistakes of ambition and not mistakes of sloth. Develop the strength to do bold things, not the strength to suffer.

Don't be impressed by money, followers, degrees, and titles. Be impressed by kindness, integrity, humility, and generosity.

“Wall Street men are fond of company and sport. A man makes $100,000 there and immediately buys a yacht, begins to drive fast horses, and becomes a sport generally. My tastes lie in a different direction. When business hours are over, I go home and spend the remainder of the day

George Soros explains what we are experiencing today, 1998

Closing price for Apple: April 21, 1983: $52.00 April 21, 2003: $52.56 April 15, 2024: $38,682.56 (This is in 1983 shares. Shares in today's terms have split 224:1)

"I do not view volatility as being in any manner a measure of risk" Cassandra B.C.

“Arthur looked for ways to put power into the hands of his clients.” - Arthur J. Gallagher & Co.

Hermann Hesse understood that it was simple

$ACIC We are a bit past the halfway point in September with a slower than normal storm season and September being the seasonally most active months for hurricanes By no means does this mean we wont have a severe event through the end of the season but based on the forecasting

storm path black X is Miami/Dade/Broward area

BREAKING: The storm surge for Hurricane Milton is expected to be 15 feet. To give you an idea of how deadly this is, here's what 9 feet looks like: