Don’t borrow judgement.

The reason why we spend hundreds of hours analyzing a business is to thoroughly understand it.

The purpose of the research is to build confidence in our assumptions.

The valuation then dictates what the return those assumptions will yield.

We are open to contradictory opinions, but we don’t blindly follow anyone—we only follow our research and our judgement.

It doesn’t make sense to go through this whole process to just “borrow” someone else’s "judgement.”

Ever since I was in the Marine Corps, using anything other than a black pen feels wrong.

Colston Loveland and Tyler Warren set the bar high last year, and Oregon's Kenyon Sadiq has a shot to reach it.

“If you’re sitting in Asia, going through this again, it’s possible you change your strategy long term — rely more on coal for longer, build out your renewables faster and reduce your exposure to natural gas.” https://www.bloomberg.com/news/articles/2026-03-29/iran-war-s-gas-supply-shock-pushes-top-consumers-back-to-coal

I want to tell you one thing about the Senate and our endless Democratic war to rid us of meddlesome Sinemas and Manchins and Liebermans and Fettermans. Democrats are always going to be plagued because the razor thin vote margins encourages any one Democrat to BECOME one of them. This is what I am trying to tell Platner fans. He will be drawn by lobbyists and his own ego to becoming a kingmaker in a 51-49 senate should we take it back. It’s a Ring of Power that we keep handing out on our side.