The Self-Cleaning Portfolio

March 9, 2026

As a family of four, our oven has increasingly become one of our most used appliances. Between the nearly endless supply of chicken that 4- and 6-year-olds somehow are able to consume, birthday cakes, and daily meals, it gets plenty…

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Culture and Character: From Berkshire to Claude

March 2, 2026

An old friend used to say, “Write something worth reading. And if you can’t do that, go do something worth writing about.” It sounds easy enough, but it is hard in practice. I was in the salt marshes along the…

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Fifty Years of Passive Success

February 23, 2026

The investment approach of passive index investing began inauspiciously. In 1975 Jack Bogle, founder of The Vanguard Group, launched the first index fund available to retail investors. He hoped to raise $150 million but only managed to gather $11 million.…

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The Future Is Closer Than We Think

February 17, 2026

I made a statement recently that raised a few eyebrows: within ten years, my family will have a drone taxi landing in our front yard, ready to take us to our home in the North Georgia mountains. That may sound…

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The Bots are Calling

February 9, 2026

Something has shifted in the world of financial fraud. The FBI reported $16.6 billion in internet crime losses last year, a 33% increase from 2024. But the more troubling statistic is this: the number of fraud reports stayed flat. Scams…

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