I am concerned about Berkshire post-Buffett. Greg Abel as future CEO stands a chance of preserving the Berkshire culture of operating its businesses independently. However, it will become increasingly difficult without Buffet’s large vote, and, with the rise of index investing to resist short term pressures index investment groups. For now, I will continue to hold 30% of my liquid net worth in Berkshire and sleep well.
Author Archives: Ronan McGovern
Why I’ve Bought in to Ethereum
Einstein discovered beautiful equations, but their full utility only became apparent with time. That is the hope – not the guarantee – of crypto.
S&P 500 returns since 1971 rely on dividends to beat gold
The US stock market index has not progressed since 1971 if you denominate the index in ounces of gold rather than dollars. This is true but neglects the role of dividends in driving stock market returns. Including dividends, the total stock market return is close to 4X that of gold.
The Beginning of Infinity: My First Reading
Deutsch raises the question: “What is the basis for sustainability?” Should sustainability be based upon living standards of the 1800s or the 1900s or the 2000s? Or is sustainability the wrong approach? For Deutsch, the answer is not sustainability, it is infinite progress.
What is a Great Debate?
Whether for victory,
Or for knowledge,
What, for you, is the greatest debate?
