The Height of Power

The new growth area - Washington DC. The new Rome.
"For more than two centuries, it has been a wannabe among the great world capitals. But now, Washington is finally ready for its close-up. "
http://www.washingtonpost.com/wp-dyn/content/article/2009/01/23/AR2009012302310.html

Buffet Partnership Letters 1957-1970

Courtersey of Jeff Widman, I got to read all the originals. Those partnership letters are jewels. They outlined the thinking of Buffet in his earlier years - and he was already a mature master by the age of 25. If you want copies of these letters, here is the link to Jeff:
http://www.jeffwidman.com/blog/2008/05/10/warren-buffet-benjamin-graham-charlie-munger-shareholder-letters/

Happy New Year!

Borrow a famous line from Dorothy Parker, New Yorker's sermon to the faithful:
"You might as well SPEND!"
http://www.newyorker.com/talk/comment/2009/01/05/090105taco_talk_gopnik