Berkshire 2015 Letters

Here are the letters from Warren Buffett and Charlie Munger. (Click on the image below.)

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Irving Kahn, Dead at 109

Here‘s the Marketwatch notice.

Here‘s Jason Zweig’s piece on Kahn.

Here’s a video from the Longevity Genes Project:

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Latest Marketwatch piece

Click on the graphic below to read the piece.

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Weekend Reads

Gretchen Morgenson on the proxy fracas at Whole Foods

Joe Nocera on the “contrived scarcity” the NFL uses

Jonathan Laing on Greece and the Euro, U.S. markets, and global delusions

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Shiller: Save more and live like a student

(I just wrote this.)

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Shiller: Buying a home isn’t for everyone

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Shiller Interview

Bonds are yielding nothing, European stocks are cheaper than U.S. stocks, and people have to save more to meet financial goals in a low-return environment. Also, Brett Arends says U.S. stocks are the most expensive in the world.

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Kyle Bass Interview

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No margin of safety in REITs (Morningstar)

Gee, I’ve been saying this for a while…..

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An economist on dating

It seems like an economist shouldn’t have much to say about dating, but Arthur Brooks does.

He encourages his readers to have more, well, courage. One shouldn’t be so calculating, so bourgeois, the economist says (though he doesn’t quite use the B-word). Quit your job, go to a foreign country to woo a woman for two years who captured your fancy over two days, and thrilled you, at least in part, for getting marriage offers from guys driving by in cars.

In the end it all worked out for Brooks, who has a cushy job at AEI, writes Valentine’s Day pieces for the NYTimes, and leads and endlessly interesting inside-the-beltway kind of life, I’m sure.

And after 23 years of marriage and 3 kids, he reminds us that his wife still gets marriage proposals from guys driving by in cars.

What’s the substance of his marriage though? That his wife was, and after 3 kids, still is eye candy? Now that kind of superficiality makes sense for an economist…..

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