Greg Abel’s 2026 Letter to Shareholders
Greg Abel's first letter to Berkshire Hathaway shareholders emphasized the need to keep the company's unique culture.
The Rational Walk
Latest posts
Greg Abel’s Unique Challenge
Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that will involve at least three major challenges.
Warren Buffett’s Thanksgiving Letter
Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire as CEO of Berkshire Hathaway.
Daily Journal Accused of Incorrect Accounting
Daily Journal has been accused of incorrectly accounting for software development costs by an activist investor seeking a consulting contract.
What I’ve Been Reading
This post is a list of books that I read in the second quarter of 2025, including The Snowball, The Haywire Heart, Plato's Republic, and the King James Bible
Greg Abel Steps into the Spotlight
Greg Abel will step into the spotlight at the 2026 Berkshire Hathaway annual meeting with Warren Buffett sitting in the audience.
Warren Buffett’s Final Brushstrokes
Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman.
Berkshire Hathaway’s Diamond Anniversary
Warren Buffett took control of Berkshire Hathaway sixty years ago. It is possible that major announcements will be made at the annual meeting.
Writing in Private
Writing is an important tool for personal intellectual development even if you never intend to share your work with others.
Warren Buffett’s Thoughts on Trade in 2003
In 2003, Warren Buffett wrote an article with a proposal to address the trade deficit. It deserves more attention in the current tariff debate.
What I’ve Been Reading
This post is a list of books that I read in the first quarter of 2025, including The Lessons of History, American Journey, the works of Aristophanes, Plato, Xenophon, and more.
Berkshire Hathaway’s 2025 Proxy Statement
Berkshire has introduced a retirement age of eighty for most directors, a surprising development given Warren Buffett's prior statements.
Buffett & Munger Unscripted
A new book by Alex Morris distills key insights and wisdom from three decades of Berkshire Hathaway annual meetings.
Warren Buffett on Berkshire’s Valuation
Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some clues that are worth considering.
Berkshire Hathaway’s 2024 Annual Report
My thoughts on Berkshire Hathaway's 2024 annual report and Warren Buffett's letter to shareholders.
Berkshire Hathaway’s Culture in 2050
By mid-century, changes in Berkshire Hathaway's voting control could make a breakup of the conglomerate likely.
Staying the Course
It is much easier for "know nothing" investors to stick with a dollar cost averaging program in the long run.
Primary Sources
Consulting primary sources represents table stakes for intelligent investors and responsible citizens.
A Quarter Century of Investing
Lessons learned from a quarter century of active investing, along with annual performance statistics.
What I’ve Been Reading
This post is a list of books that I read in the fourth quarter of 2024, including Euripides, The Stoic Emperor, The Intelligent Investor, The Trail, and more.