Friday, November 14, 2025

Edward Quince's Wisdom Bites: The Oracle - The Search for the Elephant: Dealing with the Constraints of Scale

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  Edward Quince (EQ): Warren, Berkshire Hathaway holds a massive cash and T-Bill position, often exceeding $300 billion, which generates fr...
Thursday, November 13, 2025

Edward Quince's Wisdom Bites: The Oracle - The Priceless Value of Integrity and Reputation

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Edward Quince (EQ): Warren, beyond the financials, you place enormous weight on the character and integrity of the managers who run Berkshi...
Wednesday, November 12, 2025

Edward Quince's Wisdom Bites: The Oracle - Independent Thought and Tuning Out the Macro Noise

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Edward Quince (EQ): Warren, you have famously advised investors to ignore pundits and macroeconomic forecasts. In a world saturated with no...
Tuesday, November 11, 2025

Edward Quince's Wisdom Bites: The Oracle - The Magic of Compounding and the Power of Non-Action

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Edward Quince (EQ): Warren, the growth of Berkshire Hathaway is frequently attributed to the magical effect of compounding. Many investors ...
Monday, November 10, 2025

Edward Quince's Wisdom Bites: The Oracle - The Pivot to Quality: From Cigar Butts to Perpetual Compounding

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Edward Quince (EQ): Warren, your early investment career, heavily influenced by Ben Graham, focused on finding undervalued "cigar butt...
Friday, November 7, 2025

Edward Quince's Wisdom Bites: The Marks Series - Second-Level Thinking and Contrarianism

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Edward Quince (EQ): Howard, given how easy it is to access data today, many investors believe they are intellectually superior. You argue t...
Thursday, November 6, 2025

Edward Quince's Wisdom Bites: The Marks Series - Leverage: The Accelerator to Ruin

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Edward Quince (EQ): Howard, your memos have repeatedly sounded the alarm on the use of leverage, particularly in times of low-risk percepti...
Wednesday, November 5, 2025

Edward Quince's Wisdom Bites: The Marks Series - Risk Control and the Road to Riches

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Edward Quince (EQ): Howard, your emphasis on risk control is a cornerstone of your investment philosophy. We frequently highlight Morgan Ho...