2/ At the ripe young age of 95, Warren Buffett is handing over the leadership of his legendary investment company to his chosen successor, though he will remain Chairman of the Board.
3/ In what he hints may be his final letter to shareholders (though many of us are hoping that it is only his final letter as CEO and not Chairman) he offers many pearls of wisdom. berkshirehathaway.com/news/nov1025.p…
4/ Having had the good fortune to become friends with Warren almost two decades ago when he selected my book Nuclear Terrorism for a prize at the annual Berkshire Hathaway jamboree, I’ve been fortunate to meet with him regularly since. His own characteristic confidence in the future, and specifically the future of Team USA is inspiring.
5/ And his clues about kindness are worth reading—and re-reading: “Kindness is costless but also priceless. Whether you are religious or not, it’s hard to beat The Golden Rule as a guide to behavior.”
6/ P.S. To repeat a line I posted earlier this year, Buffet is the world’s most successful investor who has made more money for more people than any other individual in history. If one had had the good fortune to be given $100 worth of Berkshire Hathaway in 1965 how much would that be worth today? Answer: $5,500,000.
1/ Betting on the November 2026 Midterm Election: Clues from Applied History.
2/ The November 2026 midterm elections are shaping up to be one of the most consequential in memory. If Democrats take the House, President Trump will find his superpowers constrained. If on top of that there were also a recession, he could find himself fighting to escape impeachment.
3/ As observers have noted, the highest objective on President Trump’s current agenda is to win next November in order to continue pursuing his vision to Make America Great. Maintaining his power is a prerequisite to pursuing other initiatives.
1/ Clarifying President Trump’s “Testing our nuclear weapons on an equal basis."
2/ Last week President Trump announced that “because of other countries’ testing programs,” he had “instructed the Department of War (@DeptofWar) to begin testing our nuclear weapons on an equal basis.”
3/ When trying to interpret President Trump’s statements, one should begin with Peter Thiel’s insight. As Thiel puts it: “Most people take Trump literally but not seriously—but that’s ass-backwards. One should take him seriously but not literally.”
2/ Beijing announced last week that 9 generals have been purged, including He Weidong, whom Xi personally promoted to Central Military Commission Vice Chair and #3 commander of the People’s Liberation Army. Predictably, that news has provided a peg for Xi skeptics among the China watchers community to repeat their storyline claiming that Xi is in trouble.
3/ The Wall Street Journal reported: “Xi’s latest crackdown has raised questions about his ability to root out graft and enforce loyalty in the People’s Liberation Army.” wsj.com/world/china/xi…
1/ Will Trump and Xi Announce a New Rapprochement?
2/ As attention turns to the meeting between Presidents Trump and Xi in South Korea on Thursday, several points may help provide perspective.
3/ For starters, expect them to announce a sustained truce on hostile tariff and supply chain initiatives that have intensified in the past month. My October
@ForeignPolicy piece—“Who Holds the High Cards in Sino-American Supply Chain Poker?”—explains the reasons why.
2/ In an article published on Monday in
@ForeignPolicy, I attempt to clarify the current supply chain and tariff face-off between the US and China.
3/ After having raised tariffs on China to 145% in April, why has Trump backed down so frequently that the @FT now describes his behavior as “TACO” (Trump Always Chickens Out)?
2/ In heralding @OpenAI's contract with @Oracle to purchase $300 billion in computing power over the next five years, the @WSJ highlighted one major requirement: “4.5 gigawatts of power capacity, roughly comparable to the electricity produced by more than two Hoover Dams.” wsj.com/business/opena…
3/ How long did it take to build the Hoover Dam? Answer: 5 years.