In Case You Missed It:
New Howard Marks Memo
Geico Gecko Podcast Appearance?
AAR Weekly Rail Traffic
Bill Gurley Presentation (I just listened to his podcast appearance on TKP)
This Week in Berkshire History
September 26, 2011: Berkshire’s board of directors authorize repurchases of shares at no higher than a 10% premium to book value and so long as cash did not fall below $20 billion. Berkshire would go on to revise this to 1.20x book and then to when Warren Buffett determined it was undervalued.
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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