Fiddler on the Roof and Value Investing
My subconscious melded Fiddler on the Roof with the lecture from a few days earlier, and I ended up writing a chapter about the Jewish farmer Tevye buying a cow, Golde (which he named after his first wife).
What to Do When a Stock Drops 25%
Stock XYZ has declined 25%. What do you think? Is your thesis broken? What you observe in stock price volatility is mostly noise. A good chunk of buyers and sellers don’t know much about what they are trading other than the ticker.
Greg Abel Takes Over Berkshire Hathaway: My Thoughts After Omaha 2026
Last year I came out of the BRK annual meeting thinking that Greg Abel was not the right person to run Berkshire Hathaway. Abel lacked Buffett’s charisma, warmth, and humor. Greg Abel was not Buffett, and he definitely was not Munger. I was wrong.
What the Iran War Reveals About the Dollar, Gold, and the End of US Exceptionalism
The Iran war exposes a quiet rewriting of the rules that made the US exceptional. Why we own oil, why we hate owning gold, and why crypto still isn’t for client accounts.
