In Case You Missed It: Hingham Savings (HIFS) Q3 Update
What Can a Credit Analyst Learn from the Rise and Fall of First Brands?
A good business analyst should think like a credit analyst. There are a few other real-world examples in this article worth internalizing, even if you’re a stock market investor.
Magic Formula Screener for Banks
Arkenstone has a similar thought process to mine when it comes to valuing banks. Worth a follow if you’re into small and nano-cap banks.
Buffett’s “Final” Letter
No doubt most readers have heard of this and probably read it. According to the Social Security Administration, Warren Buffett has an additional life expectancy of 2.8 years. I’d venture there’s a 50/50 shot Buffett writes us another Thanksgiving letter next year. That’s just the cold, hard actuarial facts.
Whether he does or not doesn’t matter at this point — really. He’s said everything he needs to say and more. This letter, with its well-circulated “A Few Final Thoughts” ending, is a gem. It’s Warren telling us it’s all going to be okay — Berkshire, America, and ourselves. It’s Warren urging us all to meet his approval in a way that everyone can — by acting out kindness. Warren E. Buffett has already earned his epitaph: Teacher Extraordinaire.
This week in Berkshire History
Nov. 13, 1999: Jordan’s Furniture acquired in an all-cash transaction.
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
Appreciate the mention — means a lot! Your Watchlist Weekly always delivers thoughtful, interesting insights.
Adam, Becky Quick mentioned that he had done several of these. I found 2025, 2024, and 2023 letters. Do you know if there were more?