Dear members,

If you plan to be in Omaha for the Berkshire Hathaway annual meeting, join us at Best Ideas Omaha 2022. The member event will be held at the Omaha Marriott Downtown on Friday, April 29 from 8am-12pm.

Best Ideas Omaha will provide an opportunity for members to interact and exchange ideas over breakfast and during TED-style presentations.

Space is limited and the event is close to fully booked.

Secure your seat now.

Warmly,

John

P.S. Fellow member Richard Black of Viewforth Investment Partners in London is looking to hire an investment analyst. Learn more.

Quote We Are Contemplating This Week

11 Articles We Are Reading This Week

1. Ukraine - Mykhailo Minakov

2. Invasions - Jamie Catherwood

3. ESG's alpha - Andrew King

4. Taiwan's future - Angelica Oung

5. Berkshire's future - Ravi Nagarajan

6. Hunting for outliers - Rohit Krishnan

7. Speed of information - Trung Phan

8. Adversarial collaboration - Daniel Kahneman

9. Distortions of cheap energy - Adam Rozencwajg

10. Anti-ambition and decadence - James Pethokoukis

11. Attention, addiction, algorithms - Thomas Bevan

Letters, Presentations, Writeups...

Industry Insights: coffee brewing | commodities | energy | venture capital

Letters & Commentaries: Coho | FPA | Merrill | RBA | RLT | Shadowridge

Company Writeups: Cintas | Jet2 | OXY | Ponce Financial | UMG

Company Slides: American Eagle | AutoZone | Avid | Bayer | Box | HHC | HP | IGT | Nordstrom | Salesforce | Sea Limited | Snowflake | Wendy's | Zoom

Chart of the Week: S&P 500 Sector Returns (YTD)

5 Podcasts We Are Listening to This Week

1. TWIII - Mario Cibelli on the new reality for growth companies

2. Compounders - Eric Ellenbogen on monetizing intellectual property

3. Democracy Brief - Garry Kasparov and Alex Vindman on Ukraine

4. Living A Life In Full - Mark Mahaney on long-term tech investing

5. Grant’s Current Yield - Octavio Costa on global macro investing

5 Videos We Are Watching This Week