In Case You Missed It:
Buffett Steps Down as BRK Chairman
This is one of those surprising-but-not-surprising times. Warren will remain Chairman Emeritus, and his son Howard will take the Chairman spot to guard Berkshire’s culture and values. Berkshire’s transition has been remarkably well done, in my view.
How TTI Built An Empire Inside Berkshire
“Distribution rewards the companies willing to do the unglamorous work of stocking the right part, in the right catalog, before anyone asks for it, and TTI's federation of specialists is one answer to how that work gets organized without losing what made each piece of it good in the first place.”
The Cass Freight Index Turns Positive for the First Time in 3.5 Years
Zeke Ashton on VAH
This Week in Berkshire History
Nothing this week. Warren’s transition to Chairman Emeritus today enters the list for next year.
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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