Articles
Unions: From Stimulant for the Economy to Cancer
Unions have had a very important role in shaping the US and our laws over the past hundred years. I have read stories about how working in Chicago meat packing plants a century ago was as hazardous as enduring the trenches in World War I. Unions have fixed that.
My thoughts on the economy
A collection of my thoughts on the economy, government spending, interests rates, housing market, and other important points.
Atrocities in Israel
I have shared my thoughts on the horror of what is happening in Israel on Twitter. I was going to write something longer, but it is simply too painful: My son, Jonah, asked me why I hadn’t written anything about what has happened in Israel. I had to pause and think; I was frozen.
Мой отец – жизнь, достойная жизни
Мой папа, Наум Каценельсон, скончался 10 августа 2023 года. Я потратил недели, пытаясь написать о моем отце, но потерпел неудачу. ...
My Father – A Life Worth Living
I spent weeks trying to write about my father, but I failed miserably. As a writer, I have learned that there is no such thing as writer's block; either your idea is not fully developed, or there is a conflict between what you want to say and what appears on your pages.
Why I No Longer Mind Losing an Argument
Reflecting on my experience with Dale Carnegie's book, I share how it transformed my approach to criticism and debate, and why I no longer mind losing an argument.
Life Is a Walk – Santa Fe
This trip to Santa Fe is more to us than just a continuation of the tradition my father started in 2013. It goes deeper and further than that; we are continuing the traditions started by my grandparents, and likely those of their ancestors. Life is a walk!
How do I get any research done since I travel a lot?
I get asked at times: How do I get any research done since I travel a lot? To answer this question, I need to explain how we do research.
The Growing Pains of Maturity
Many times, we bought because they were in their “junior year”; this is what made them undervalued. Our research led us to the conclusion that their difficulties were transitory and that as they matured the market would revalue them.
What is the Value of Apple? How do we evaluate risk?
Today I will share the Q&A section of the letter. Every time I am almost finished with the client letter, I ask clients to send me any questions they have about their portfolio or other topics. I answer these questions in the Q&A section.
How Not To Lose a Job That’s Yours
Imagine withdrawing a job offer two days after it was made. This is exactly what we did. This letter about how not to lose a job that's yours, contained insights and lessons that could go beyond the intended recipient and could help anyone who is looking for a job.
Russia – History Repeats Itself
A few weeks ago I was asked to speak to the CFA Association of Russia about my most recent book.Here is my reply:
Vision Pro is the Vision of the Future
I have read reviews of Vision Pro, Apple’s virtual reality headset. Meta’s Quest Pro suddenly started to remind me of Microsoft PCs – made by engineers for engineers, where the Vision Pro is created by humans for humans
A Story about a Story
Apple is the best storytelling company on the planet. In its storytelling, Apple so wants you to fall in love and have an emotional connection with its product that it even names the parts that go into it.
You are – What you think about (Recession, Economy, Stock Market)
I’ve been asked by many readers and some clients for my thoughts on the economy and recession.As I am typing this, I’m thinking about how much ink I should be spilling on writing about the recession and how much time we, as investors, should be allocating to thinking and worrying about it.
Embrace Good Problems: Advice to Young People Today
A 22-year-old daughter of a friend, for the first time in her life, has hit a brick wall. I told her that, as frustrating as her life may seem right now, she is having a good problem; and happiness in life comes from having good problems.
What I Learned From the Oracle of Omaha & Charlie Munger
My favorite line from Charlie Munger was: “Practicing law today is like a pie-eating contest, where if you succeed, you get to eat more pie.”
Chess Saga Continues
With Hannah’s passion for chess growing and the lockdowns easing, we discovered the wonderful world of chess meetups.
Me, My Boy, and Warren Buffett with 2023 Postscript
The fourteen-year-old Jonah could not sit through the annual meeting; he was preoccupied with anything and everything but Buffett’s and Munger’s wisdom.
Should I be worried about the safety of my Schwab account?
Many investors, including our clients, have been worried about their Schawb account safety. Are they right to be worried?
Libertarian’s (Unexpected) View on the Bailout of the Banking System
Bailout of the banking system create social tension. Eventually, bailouts introduce so much risk into the system that failures and bailouts become too costly for the society to bear, government creates draconian rules trying to prevent them in future, which in turn kills innovation and the formation of new businesses, and the result is a stagnating economy.
