In Case You Missed It: Russell Rebalancing
Fact of the Week: 4,336: The number of FDIC reporting banks at the end of 2025.
Michael Mauboussin Intern Reading List
A curated list of his reports.
Dairy Queen Incentivizing Growth
Forest River Navigating Tariffs and Shipments Expected to Rise
Walking and Thinking - What the Science Says
Seneca on Wasting Time
The Other GOAT
I’m guessing the overlap of this audience and those interested in dirtbikes is fairly small (please let me know!). I’m working my way through this interview with Ricky Carmichael, the undisputed GOAT of motocross, which has reignited an interest in the sport. I stopped racing about 20 years ago, and I still miss it. I was stoked to hear that RC is still involved in the sport, commentating on races. Equally impressive is his philosophic attitude toward life. Makes me admire the guy that much more. Anyway, I’ll be tuning into the first outdoor event this weekend at Fox Raceway. There’s nothing quite like the smell of race gas and the sound of the controlled explosion of a main event start!
This Week in Berkshire History
Nothing this week. Here’s another excerpt from my book: The economics vs. accounting of reinsurance float.
That’s it for this week. Hit reply and let me know what you think. What have you been reading that’s worth sharing? Let me know in the comments.
Stay Rational!
Adam
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