May 05, 2023
Tomorrow, Saturday, I’ll be watching the King of…
…business: Warren Buffett.
For the first time in many (non-pandemic) years, I won’t be there in person at the annual meeting in Omaha.
But I’ll be watching on CNBC starting at 9:45am ET.
I know there’s another Kingly boondoggle happening.
And, yes, I do love a good costume bedecked with fancy jewels.
But nothing beats seeing Buffett at age 92 and his partner, Munger, at age 99, sit on stage for six hours and lucidly answer a range of questions they don’t know are coming (I just hope I know my name at age 92).
Of course, I’ll also be looking for more insights to bake into the revamp of the Warren Buffett Reading Group curriculum.
If you decide to watch along as well, then shoot me an email.
Otherwise, let me know what you’ve got planned for this first weekend in May.
P.S. Some good Buffett reading
– How Warren Buffett Came to Refuse Progressive Orthodoxy by Roger Lowenstein, New York Times
Lowenstein is one of my favorite business writers. In this article, he explains why Buffett’s aversion to “checkbox thinking” means he doesn’t go along with a lot of what passes as “progressive.” [Note: I consider myself progressive, but I’m also not a fan of what’s become progressive “orthodoxy.”]
– Warren Buffett’s Formula for Success: One Good Decision Every Five Years by Ben Cohen, Wall Street Journal
This article is a terrific summary of a key long-held practice/concept of Buffett’s – the importance of making just a few good decisions.
– 2022 Berkshire Hathaway Letter
Like all of Buffett’s letters, the 2022 letter is worth a read. And bonus: it’s short.
P.S. As always – if you know someone affected by the tech layoffs, send them over to Phyl.org. We can help them at no charge.