In Case You Missed It: Thoughts on Growth
Fact of the Week: Americans traveled 3.3 trillion miles in 2025
Copart Resumes Buybacks In Force
Copart reported Q3 results and disclosed that it bought back $1.6 billion or almost 4% of the company in the span of two quarters.
GEICO is hiring again after years of cuts under Todd Combs
BNSF Reveals America 250 Locomotives
Berkshire’s 13F
Greg Abel is wasting no time putting his touches on the portfolio. Not surprisingly, we saw the exit of many of Todd Comb’s positions. The big surprises were the additional Alphabet shares and a new position in Delta Airlines. For whatever reason, air seems to be Berkshire’s Achilles heel. Is the third time the charm?
Electric Vehicles in the US
Built to Rent Housing
This week in Berkshire History
May 23, 2003: Berkshire acquires McLane from Walmart for $1.5 billion.
McLane is an interesting case study and proof that it’s not return on sales (margin) but return on capital that matters. McLane, at the time Berkshire bought it, earned 1% on sales but turned its capital many times over. As a result, Berkshire earned a going-in return of over 15% on its purchase price.
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
Order the 2nd Edition Now!
