TIL: John Foster Dulles was Eisenhowers Secretary of State. His father had served as Sec of State for Benjamin Harrison in the 1890s. Dulles’ uncle also served as Sec. of State for Woodrow Wilson Dulles’ brother Allen Welsh Dulles was the Director of the CIA in the 1950s

CNBC reports Charlie Munger has died cnbc.com/amp/2023/11/28…

✨ Just launched: A digital archive of all Buffett's letters to shareholders ✨ 🔍 Search the letters by topic, question meaning, or similarity 📖 Browse each letter & search for similar sections (link in thread)

You can’t make a law requiring people to think about problems in practical concrete terms rather than symbolic aesthetic ones. But you can as a journalist try to actually explain what’s going on rather than endlessly recycle various vibes. slowboring.com/p/nostalgia-po…

"[Being] a “sharp” or “advantage player” in the gambling world (ie blackjack card counter) does replicate the casino business" from Kris is a useful corollary to "If you’ve been in the [poker] game 30 minutes and you don’t know who the patsy is, you’re the patsy."

A memorial for Charlie Munger | Episcopal Diocese of Los Angeles diocesela.org/the-bishops-bl…

✨ New features for Berkshire Archive ✨ * Added all meeting transcripts, 1994-2023 * Added new 2023 letter * Faster search * Explore archive in 3D meaning space * Navigate each doc via table of contents (top right) The transcripts add a lot of value -- there is WAY more

Buffett’s Letter to Hank Paulson, the then secretary of the treasury, in 2008

.Becky Quick just sprinted over a hundred yards in heels and was on live TV a moment later. Bravo!

“We pay a 21% tax rate, and if tax rates are a lot higher in the future I don’t think shareholders will be upset we sold some Apple when rates were a lot lower” -Buffett on selling $AAPL (approximate quote) $BRK

Question for Buffett: who are your trusted advisors? Buffett: “I talk to myself about stock ideas” That’s definitely not a joke. $BRK

Warren accidentally said "Charlie?" after answering a question. Man what a partnership they had! $BRK

“What might this look like if it were easy?” Is my all time favorite Tim Quote (this is not the first time he’s said it)

If I’m following the pro-tariff logic today, shouldn’t Trump slap offshore digital work with insanely punitive fees? Maybe pinning the hourly rate to 10% above the prevailing rate in the US? Why wouldn’t that make America richer and Americans workers better off?

“The only way to influence someone is to find out what they want, and show them how to get it.” Carnegie explained that while he loves to eat strawberry shortcake, when he goes fishing, he baits his hook with worms. H/T Gary Bencivenga

"The SBA 7a program — one of the main financing tools for small biz acquisitions — only supports around 5000 deals / year" - Michael Girdley Thats less than 20 deals / day spread across the country Is that a tsunami or a tiny stream (that you have to bushwhack through hell to find?)