Right after Portland, we woke up early to catch our flight to Omaha, Nebraska. I had expectations that Omaha was going to be a lot quieter. When we reached there, I was surprised. It was actually a lot of fun! We visited Costco to try its legendary hotdog and pizza. Since we bought a Chick-fil-A…
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These are the notes from Adam Blum, direct download link at https://drive.google.com/file/d/1dPZt_UYnuyRbKbAiHxsJ8alMUpv_0AbF/view Here are some things that popped up in my mind: “Being the low-cost producer is a terribly important moat. Technology doesn’t always translate to the lowest cost. The technology at Geico has not brought down the cost, but its position among big companies is…
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It’s clear that we acquired both great human assets and business assets in making the USF purchase. Betting on people can sometimes be more certain than betting on physical assets. Ah, Buffett could not have put it so crystal clear. When we buy a company, we are buying its business model strength, business numbers, and most…
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Some quotes by the legendary, Charlie Munger: “I think part of the popularity of Berkshire Hathaway is that we look like people who have found a trick. It’s not brilliance. It’s just avoiding stupidity.” Who going in a life anticipating the worst case? Charlie does. He prefers learning what not to do, it is best…
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