There's no reason for anyone to care what I think about inflation and interest rates, but readers should pay close attention to Warren Buffett's statements and actions — the subject of several recent articles linked to here:

newsletter.rationalwalk.com/p/inflation-ex…

Yes, I have damaged and mutilated currency. The $20 bill that would have bought me lunch twice in 2020 only buys me lunch once today.

h/t GRANT'S almost daily newsletter

Figure out how to give it away in a manner that doesn’t cause horrible unintended consequences. Which sounds like a total nightmare to me.

What else can you do with $100 billion?

I can say this much with much confidence: The events that seem so momentous this week will be a distant memory in a few months and long forgotten in a year, just like this volatile week two years ago ($SPY):

My policy is to remove paywalls on articles after six months. Today I removed the paywalls on two articles from October 2023.

Thoughts on Initial Public Offerings (10/13/23):
newsletter.rationalwalk.com/p/initial-publ…

Thoughts on Dollar General's CEO Change (10/17/23):
newsletter.rationalwalk.com/p/musical-chai…

I love these headlines. Dow Falls X points On [Insert random negative headline of the day]

Is the average trader thinking about Iran and Israel? I doubt it. More likely continued hangover from the CPI blowout.

This calls for an emergency Federal Reserve meeting over the weekend with a 50 bp hike prior to the open on Monday.

I have many questions for the Berkshire Hathaway annual meeting. I wrote about five of them earlier this week. I picked the following two questions and just submitted them to Becky Quick via the [email protected] email listed in the proxy.

$BRKA $BRKB

I love it when companies require executives to fly corporate aircraft on personal trips for “safety and security reasons.” The vast, vast majority of senior executives of public companies are generic looking 55-65 year old men in business suits, recognized by no one. It’s a scam.