The Rational Walk

New Article: Greg Abel’s 2026 Letter to Shareholders “We concentrate on quality, not frequency. If a significant issue arises, you will hear from me, but it will not be through quarterly commentary, given our long-term horizon.” -- Greg Abel rationalwalk.com/greg-abels-202…

Greg Abel’s Unique Challenge Greg Abel takes over as Chief Executive Officer of Berkshire Hathaway on January 1, 2026, a job that will involve at least three major challenges. rationalwalk.com/greg-abels-uni…

New Article: Warren Buffett’s Thanksgiving Letter Warren Buffett's Thanksgiving Letter sheds more light on why he decided to retire as CEO of Berkshire Hathaway. rationalwalk.com/warren-buffett…

Warren Buffett is 95 years old today. Half of his tenure leading Berkshire Hathaway has been as a senior citizen long past normal “retirement age” — and he plans to stay active as Chairman! Happy Birthday, Warren!

New Article: Daily Journal Accused of Incorrect Accounting The company has been accused of incorrectly accounting for software development costs by an activist investor seeking board seats and a consulting contract. $DJCO rationalwalk.com/daily-journal-…

New Post: What I’ve Been Reading This post is a list of books that I read in the second quarter of 2025, including The Snowball, The Haywire Heart, Plato's Republic, and the King James Bible rationalwalk.com/what-ive-been-…

New Article: Greg Abel Steps into the Spotlight Greg Abel will step into the spotlight at the 2026 Berkshire Hathaway annual meeting with Warren Buffett sitting in the audience. rationalwalk.com/greg-abel-step…

New Article: Warren Buffett’s Final Brushstrokes Warren Buffett is retiring as CEO of Berkshire Hathaway but he may still make a few final brushstrokes on his canvas as Chairman. rationalwalk.com/warren-buffett…

New Article: Berkshire Hathaway’s Diamond Anniversary Warren Buffett took control of Berkshire Hathaway sixty years ago. It is possible that major announcements will be made at the annual meeting. rationalwalk.com/berkshire-hath…

New Article: Writing in Private Writing is an important tool for personal development even if you never intend to share your work with others. rationalwalk.com/writing-in-pri…

New article: Warren Buffett’s Thoughts on Trade in 2003 In 2003, Warren Buffett wrote an article with a proposal to address the trade deficit. It deserves more attention in the current tariff debate. rationalwalk.com/warren-buffett…

New Article: What I’ve Been Reading This post is a list of books that I read in the first quarter of 2025, including The Lessons of History, American Journey, the works of Aristophanes, Plato, Xenophon, and more. rationalwalk.com/what-ive-been-…

New Article: Berkshire Hathaway’s 2025 Proxy Statement Berkshire has introduced a retirement age of eighty for most directors, a surprising development given Warren Buffett's prior statements. rationalwalk.com/berkshire-hath…

New Article: Buffett & Munger Unscripted A new book by Alex Morris distills key insights and wisdom from three decades of Berkshire Hathaway annual meetings. rationalwalk.com/buffett-munger…

New Article: Warren Buffett on Berkshire’s Valuation Warren Buffett has typically avoided commenting on Berkshire's stock price, but he has provided some clues that are worth considering. rationalwalk.com/warren-buffett…

New Article: Berkshire Hathaway’s 2024 Annual Report My thoughts on Berkshire Hathaway's 2024 annual report and Warren Buffett's letter to shareholders. rationalwalk.com/berkshire-hath…

New Article: Berkshire Hathaway’s Culture in 2050 By mid-century, changes in Berkshire Hathaway's voting control could make a breakup of the conglomerate likely. rationalwalk.com/berkshire-hath…

New Article: Staying the Course It is much easier for "know nothing" investors to stick with dollar cost averaging into an index fund (and why I have been able to hold Berkshire for 25 years when I probably would have failed to hold an index fund). rationalwalk.com/staying-the-co…

New Article: Primary Sources Consulting primary sources represents table stakes for intelligent investors and responsible citizens. rationalwalk.com/primary-sources