Links - 01/28/2023

“We’ve had enough good sense when something is working very well to keep doing it. I’d say we’re demonstrating what might be called the fundamental algorithm of life — repeat what works.” —Charlie Munger

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Horizon Kinetics’ 4Q2022 Portfolio Webinar Replay & Commentary (Webinar, Commentary)

Why VR/AR Gets Farther Away as It Comes Into Focus - by Matthew Ball (LINK)

Tesla in 2023: A Return to Reality, The Beginning of the End or Time to Buy - by Aswath Damodaran (LINK)

In Search of the Buffett Premium (LINK)

For three months starting in December 2010, I worked on a report that I named “In Search of the Buffett Premium” which was released on March 1, 2011 shortly after Berkshire’s 2010 annual report. Perhaps some of you are longtime readers of The Rational Walk who purchased the report when it came out, but I suspect most of you have not seen it. Granted, it is now twelve years old, but it seems appropriate to post it here on Rational Reflections for those who might get some value out of it.