In Case You Missed It: Berkshire Act II
New Tech Meets Old Tech at BNSF
Berkshire’s railroad deploys high-tech sensors to monitor its tracks and identify issues.
Incorporating AI Into Your Investment Process
Gary Mishuris aka Behavioral Value Investor has done a lot of thinking about how to incorporate AI productively. I like his Category 1 vs. Category 2 use cases — essentially replacing grunt work vs. insights. Gary thinks there’s a place for both and that the analyst’s job won’t become obsolete.
The Science of Happiness
This talk got me thinking about modern society’s endless options and how counterintuitive it is to restrict choices to improve happiness. I believe there are parallels in investing where the market and commentators are throwing up so much noise, so many possible investments, that you have to be intentional about what you let into your brain.
New Posts from Martin Teigstad Moe
My new friend Martin has two new posts about his investment philosophy and process. Martin is sharing his investment journey, which is worth reading if you are new to investing or as a refresher if you’re a seasoned vet.
This week in Berkshire History
December 12, 2012: Berkshire repurchases 9,200 shares at $131,000 from the estate of a longtime shareholder (Al Ultchi). The board also authorizes the repurchase of shares at no higher than a 20% premium to book value.
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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Thank you for the kind words
Solid curation this week! That choice paradox hits different in investing becuase I've noticed restricing the universe down to like 20-30 names I really understand has cut decision fatigue way down. Market's always screaming new ideas but haveing constraints actualyl freed up mental space for deeper analysis on what matters.