14 Comments
Feb 28, 2023Liked by The Rational Walk

Many thanks for your detailed hard work and sharing. Do you have any insight on the risk of taxes on unrealised gains being implemented? This was highlighted in Chris Bloomstran’s recent shareholder letter review of BRK

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Feb 27, 2023Liked by The Rational Walk

I’ve noticed that the annual letters are getting shorter in the last several years. Not sure if it’s a symptom of age or just a decision to focus elsewhere. At 92, I can’t fault him and have gotten immense pleasure and knowledge from reading the past letters.

Trivial note: WEB is a very long term Democrat but not lifelong. His father was a Republican Congressman in the 40s and 50s. Warren attributed his political shift to Susan and her strong support for social causes.

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Feb 27, 2023Liked by The Rational Walk

Many Thanks for the summary.

I wonder why did Buffett mention investments into Coca-Cola and AMEX in the letter.

Perhaps there have been complaints about these as slow growers (vs the inflation) and hence he wanted to show the beauty of slow compounding vs. the sale and tax realization.

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Feb 27, 2023Liked by The Rational Walk

I think he says if there was 1000 Berkshires nobody would need to pay income tax , so entrepreneurial spirit is key not to destroy with too much socialism.. also that growth is the only way out from the risk of runaway inflation and stagnation

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Feb 27, 2023Liked by The Rational Walk

Superb work and commentary as always. Thank you! I truly hope that the so called Inflation Reduction Act has some limit to the size of its enormous Grabbing Hand-millions of American shareholders have saved and invested post tax income to own pieces of these special companies like Berkshire. D.C. needs restraint more than demanding excessive taxation from these citizen owners of corporations who support American capitalism. WEB’s criticism was spot on!!!

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Feb 26, 2023Liked by The Rational Walk

Great stuff!

Thanks

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Feb 26, 2023Liked by The Rational Walk

Will you also do a write up on the annual report?

I also hope Joe Brandon can take over at Geico. I’m not liking the trend there.

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