Be in the know. 15 key reads for Saturday…

  1. Charlie Munger – The Architect of Berkshire Hathaway (berkshirehathaway)
  2. Berkshire Annual shareholder letter (berkshirehathaway)
  3. Buffett calls the late Charlie Munger ‘part older brother, part loving father’ in heartfelt tribute (cnbc)
  4. Bezos, Nvidia Join OpenAI in Funding Humanoid Robot Startup (bloomberg)
  5. “Berkshire now has – by far – the largest GAAP net worth recorded by any American business,” Buffett said in the annual letter. “Record operating income and a strong stock market led to a year-end figure of $561 billion. The total GAAP net worth for the other 499 S&P companies – a who’s who of American business – was $8.9 trillion in 2022.” (bloomberg)
  6. Opinion: Nvidia is the ‘Magnificent One’ now — but these rivals are closing in (marketwatch)
  7. It would not be surprising “if China stocks staged a bit more of a rally here,” Chris Wood, global head of equity strategy at Jefferies Financial Group Inc., wrote in a note this week. “For those investors who have conviction on particular bottom-up stories, it makes sense to add here since stocks are clearly cheap.” (bloomberg)
  8. The Best Technology Stocks to Buy (morningstar)
  9. Undervalued by 40%, This Stock Is a Buy for High-Risk Investors (morningstar)
  10. Michael Mauboussin on increasing returns to scale (ft)
  11. Michael Mauboussin – Pattern Recognition and Public Markets (EP.370) (podcast)
  12. Berkshire Hathaway’s Charlie Munger Was a Journalist’s Dream: He Never Held Back (barrons)
  13. Opinion: The ‘cardboard-box’ recession is over. An out-of-the-box economic recovery is coming. (marketwatch)
  14. A growing number of stocks are joining the market’s rally — even as Big Tech still gets the most attention (marketwatch)
  15. The AI boom of today and the telecom bubble of 1990s share these similarities (marketwatch)