Weekly Articles by Osbon Capital Management:
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Buffett Letter, More AI
Berkshire Hathaway Annual Letter Warren Buffett published his annual letter over the weekend. You can read it here. Here are some comments: Allocation. Both Google and ChatGPT got this wrong so I thought it would be helpful to fill in the details. Berkshire holds $334B in cash(treasuries), $295B in stocks, and the rest in 189 wholly owned operating businesses. Given…
Inflation Holdouts, Volatility, Relationship Driven Banking
Inflation Holdouts It’s great to see some of the major commodity prices fall back below their all-time highs. Lumber is now below its pre-Covid all-time high. That doesn’t mean Home Depot is going to give you a deal. Retailers are slow to pass on falling costs. Copper, wheat and corn remain elevated but not at all-time highs. Today’s big underlying…
Week 34: Numbers Don’t Lie, You Now Own An NFT, Robots
Briefing: Vaclav Smil’s latest book, “Number Don’t Lie,” is a treasure trove of interesting data and stories. | Visa’s $150,000 Crypto-Punk NFT purchase this week is a sign of forward-thinking leadership. It also wasn’t really that costly for the $500B market cap company. | General-purpose robots may be here sooner than you think; Hyundai and Tesla are the first leaders…