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Do your homework
Today was the last ever Berkshire Hathaway Annual Meeting with Warren Buffet at the helm. At the age of 95, the Oracle of Omaha has decided to call it quits. It’s been quite a ride! I was a fractional shareholder in Berkshire for a while, but never exercised my right to go to the annual…
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Upside Down
Our mortgage rate expires in eight days, which means we had to decide what new rate we wanted to lock in. The options ranged from 18 months to 5 years, with a range of about 50 basis points. This isn’t my first time doing this, and my approach is always the same: look at the…
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Prisoners of Geography
Have you ever wondered about why the British only emigrated to a handful of their colonies, despite at one point controlling 1/5 of the globe? Or in more frank terms, why did a lot more Brits go to New Zealand, and not Jamaica? The answer might surprise you, it certainly surprised me. Life in the…
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For Sale, Always
There is a guy online who I find in equal parts entertaining and educating, which is a rare mix. His name is Rory Sutherland, the Vice-Chairman of the advertising group Oglivy, and in the words of The Guardian, “One of Tik Tok’s most unlikely stars”1 . His whole spiel is that he teaches lessons about…
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Phones Down
My wife and I had a lovely dinner this evening, and on the topic of discussion was how we could be more present for each other, and our daughter. We came up with a few ideas, some better than others. I have a few Jewish friends who do Sabbath, and while I am impressed by…
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Who is a competitor?
It seems so obvious doesn’t it? But think about it for a while, and it isn’t as straightforward as you might initially imagine. Just say you had to create a list of the ten biggest competitors to Nike. Adidas is obviously on that list. Puma and Reebok, probably. Lacoste? They make tennis gear, but nothing…