Taxing Decisions

According to The Atlantic’s Megan McArdle, all of us should know about the Fallacy of Chesterton’s Fence before we decide how we feel about taxes. Picture a fence extending across a road. …

A Warren Buffett Story

If you had purchased Berkshire Hathaway stock on December 6, 1976, you paid approximately $77. At yesterday’s closing price, one share of the same firm (BRK/A) was $127,550. (Looking at the BLS …

Notes From Warren Buffett

Released yesterday, Warren Buffett’s annual letter to shareholders, as always, included sections that make me smile:  Talking about how he uses a consistent standard to assess Berkshire Hat…

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