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11 Jan 2024 Howard Marks Memo: Easy Money - Portfolio

As you no doubt know, Charlie Munger passed away on November 28 at the age of 99. I want to pay a small tribute to Charlie’s life and wisdom by sharing something he wrote me in 2001: “Maybe we have a new version of Lord Acton’s law: easy money corrupts, and really easy money corrupts absolutely.”
04 Jan 2024 Berkshire boosts Liberty Media SiriusXM stake - Portfolio

LSXMA increased by 1.1 million shares or 5.4%

LSXMK increased by 1.7 million shares or 3.9%
03 Jan 2024 Disney wins ValueAct, Blackwells backing in boardroom fight with Trian - Portfolio

Activist hedge funds ValueAct Capital and Blackwells Capital moved on Wednesday to back Walt Disney Co as it defends itself against a board challenge from a third activist investor, Trian Fund Management.
27 Dec 2023 Polen Capital Management: Putting Today’s Market in Context - Portfolio

While 2023 saw a return to rewarding robust fundamentals, equity market returns have been distorted by a handful of companies, predominantly in the technology space. Through the third quarter of the year, approximately 92% of the S&P 500 Index’s market return was accounted for by the top ten holdings.