Watchlist Weekly: The Best of the Week Ending August 22, 2025

Links and thoughts for the week.

---

In Case You Missed It: Heartland Express Q2 Update & Valuation

Howard Marks Memo | Pair with this Interview

Peter Attia Podcast (Part 1 | Part 2)

I’ve been on a very positive health journey recently. I enjoyed reading Attia’s book Outlive (affiliate link), and I enjoy hearing him on podcasts. This recent one was wide-ranging. Health is one of two areas in which I disagree with Buffett (at least his younger self; the other being spending as much time with my family). Investing is holistic. That means keeping your body and brain in peak condition. I’m not alone here: BRK insiders Ted Weschler and Todd Combs are runners. Buffett & Munger are the flukes who can eat 100g of saturated fat per day and still live to 100.

Why The Germans are Falling Out of Love with Beer (Economist / Subscription)

---

This week in Berkshire History

Just one entry this week:

• August 18, 1991: Warren Buffett elected as interim chairman of Salomon, Inc.

A good chance to revisit this timeless piece of wisdom:

---

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

---