1) Markets have pulled back somewhat in the past two weeks – led by the tech-heavy Nasdaq Composite Index, which entered correction territory yesterday. As of yesterday's close, the index is down 10% from its record high back in December. Looking at just this week, as of yesterday's close the Dow Jones Industrial Average is […]

1) The vast majority of the time, I avoid making big market calls... It's usually only a few times a decade when I decide the market is so ripe for a fall – or rebound – that I do so. But one thing I always preach is: Don't recklessly speculate. It's so tempting to try […]

1) Tariffs are on everyone's minds right now... So I was very interested to see that the legendary Warren Buffett's views on them appear to have changed completely over time. In a recent interview with CBS News, he said "They're an act of war, to some degree." This New York Post article from earlier this […]

1) The markets are tumbling again... Yesterday, the S&P 500 Index fell 1.8% and the tech-heavy Nasdaq Composite Index dropped 2.6% amid fears over tariffs from the Trump administration – which are now in place. This Wall Street Journal article has more on the story: Trump's Canada-Mexico Tariffs Take Effect. Excerpt: President Trump's 25% tariffs […]

1) If you've followed my work for long, you'll know that at various points over the years I've called Berkshire Hathaway (BRK-B) "America's No. 1 Legacy Stock" or "America's No. 1 Retirement Stock." I say this because Berkshire offers a unique combination of safety, growth, and, at most times, undervaluation. Last Tuesday, I analyzed the […]

1) It's good practice to keep an eye on what the "smart money" is up to... Every quarter, I review a certain type of regulatory filing from many top investors called the 13-F – mining for investment ideas. Institutional investment managers with at least $100 million in assets under management have to file a 13-F […]

1) As you would expect, everyone had their eyes on Nvidia (NVDA) after yesterday... And once again, the chipmaker reported another stunning quarter after the market close. Revenue soared 12% from the previous quarter and 78% year over year, while adjusted earnings per share jumped 10% and 71%, respectively. The company also gave strong guidance […]

1) Longtime readers know that I've covered the incredible weight-loss drugs many times over the years... I'll admit to being a little obsessed at one point, writing 13 times about these drugs in 14 months from September 2022 through November 2023 versus only four times since February 2024 (I've included links at the end of […]

Picking up where I left off yesterday... On Saturday, Berkshire Hathaway (BRK-B) released its fourth-quarter and year-end earnings report and CEO Warren Buffett's annual letter, which I covered in yesterday's e-mail. (You can read the entire report and letter here and the press release here.) So today, let's take a look at the earnings numbers... […]

1) On Saturday, Warren Buffett released his much-anticipated annual letter to Berkshire Hathaway (BRK-B) shareholders (you can see it in full here)... Woven throughout it are many of the themes that I return to again and again in my daily e-mails: invest in high-quality, enduring businesses, hold for the long run, ignore the Wall Street […]