Links - 05/18/2025
“It’s not hard to find investments that might go up. If you can find enough of these, you’ll have moved in the right direction. But you’re unlikely to succeed for long if you haven’t dealt explicitly with risk. The first step consists of understanding it. The second step is recognizing when it’s high. The critical final step is controlling it.” —Howard Marks
Warren Buffett will hand off Q&A to Greg Abel at next Berkshire shareholders meeting (LINK)
Berkshire Sells Financial Stocks, Doubles Constellation Stake, Holds Steady on Apple (LINK)
One intriguing note in Thursday’s filing: On a cover page, Berkshire said it had omitted from its public Form 13F one or more holdings for which it was requesting confidential treatment from the SEC.
Richer, Wiser, Happier Podcast: RWH057: Celebrating Warren Buffett (Video, Podcast)
In this special celebratory episode, William Green spotlights some of the most important lessons from the greatest investor of all time: Warren Buffett. In honor of Buffett’s historic decision to retire after 60 years as Berkshire Hathaway’s CEO, William offers his thoughts on Buffett’s legacy & Berkshire’s future; he also shares powerful highlights from his conversations about Buffett with Joel Greenblatt, Nick Sleep, Thomas Russo, Chris Davis, Chuck Akre & Christopher Bloomstran.
This New Investing Idea Isn’t Right for Your Retirement Plan - by Jason Zweig (LINK)
Meet the ‘Stealthy Wealthy’ Who Make Their Money the Boring Way (LINK)
Apollo Global Management: US Housing Outlook (LINK)
Housing Market Trends with Ivy Zelman Steve Eisman (video) (LINK)
The Compound and Friends Podcast: Warren Buffett vs American Capitalism (w/ Chris Davis and John Authers] (Video, Podcast)
The Morgan Housel Podcast: A Few Important Questions For You (And Some Thoughts About Buffett) (LINK)
Good Bad Billionaire Podcast: Masayoshi Son: High-tech gambler (LINK)
Plain English Podcast: Plain History: How Norman Borlaug Stopped the Apocalypse (LINK)
Modern Wisdom Podcast: #942 - Gen. Stanley McChrystal - How To Actually Build Discipline (Video, Podcast)
The Rest Is History Podcast: The Great Northern War: Slaughter on the Steppes (Part 3) (LINK)
Short History Of... Podcast: The Romanovs (LINK)
The Imperfectionist: Navigating by aliveness (LINK)
Baby Is Healed With World’s First Personalized Gene-Editing Treatment (LINK)
Related video: A Breakthrough in Medicine: Personalized Gene Editing to Save KJ
“No wind serves him who addresses his voyage to no certain port.” —Michel de Montaigne