In Case You Missed It:
Copart Buys ACV Auctions for $1.9bn
Big news from Copart.
Chris Bloomstran on William Green’s Podcast
The Lottery and the Leftovers - Small Cap Index Bifurcation
AI Enabled Underwriting at Berkshire’s GenRe
GE Aerospace Pays Up for Castings Supplier
Berkshire paid up for PCC and wrote it down, but the market is validating the purchase. GE is paying 18x EBITDA for a PCC competitor, including projected synergies. Note: Berkshire is NOT selling PCC. One of the current owners of Consolidated Precision Products is Berkshire Partners, which has no affiliation with BRK.
“If you’re standing still, you’re not selling shoes.”
(The kicker: He didn’t even get a commission. It was all internal motivation.)
This Week in Berkshire History
September 11, 2001: Berkshire acquires XTRA for $578 million cash.
Berkshire had the ability to walk away when the stock market closed on 9/11, but didn’t.
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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