Initial sales exceeded expectations and stocks of the book sold out quickly. A reprint has now been made, so you should be able to place your order in time for Christmas. shorturl.at/qfW7k

Bob speaks in @nytimes

This book is absolutely amazing. It offers a gripping account of key periods in modern European history. It’s a long read, but the story moves along at a brisk pace.

If you pay them, they will sell anything.

Very interesting episode. open.spotify.com/episode/26O…

Here's a little glimpse of what the Markel Reunion looked like and the atmosphere there. I really enjoyed it. $MKL 2026 Reunion - Recap youtu.be/m24jtbWUdk4?si=Xfqc… prostřednictvím @YouTube

Thank you @mihaljevic for another amazing Zurich Project. We all really enjoyed it and had a great time.

I am really looking forward to this conference, and I consider it a great honor to have been invited to speak alongside such distinguished speakers.

Very interesting article from @mihaljevic Storage 2026 vs. Storage 2000: What the Numbers Actually Say open.substack.com/pub/moiglo…

SpaceX IPO: The Truth Is Out There! The small print in hte S-1 is astounding... Full note: substack.com/profile/1023097… $QQQ $SPY @SpaceX

The Markel Reunion was a very enjoyable event. It was much more intimate than the Berkshire annual meeting and offered much better access to Markel’s key executives. I gained a lot of useful information. Markel is a very good company with an excellent corporate culture and leadership that is easy to trust. Many thanks to Tom Gayner for the personal invitation. It is a great honor for me. $MKL

A fantastic lineup of speakers, once again put together by my friend Guy Spier. VALUExBRK 2026 | Bill Ackman, Mohnish Pabrai, Tom Gayner, Chris Bloomstr... youtube.com/live/V3V7bqLGP9o… prostřednictvím @YouTube @GSpier

Last year, I received an invitation from the chairman of the board of Narxoz University in Almaty to come and lead a two-day workshop at Narxoz Business School based on my book Hidden Investment Treasures. I was quite surprised, because at that time the English translation of the book hadn’t been published yet, and I certainly wouldn’t have expected an invitation from that part of the world. It was a great honor for me and, at the same time, a challenge, because putting together 14 hours of content and then delivering it all myself over two days would be a first for me. I returned from Almaty today, and my impressions are very positive. I was thrilled with the university, the Business School itself, and the caliber of the workshop participants. It was my first time in Kazakhstan, and it’s impossible not to fall in love with this country. The people are incredibly friendly and hospitable, it’s super safe everywhere, and the nature is beautiful. I also tried to learn more about some local companies, and I’m always interested in how people who live in a completely different part of the world than we do here perceive the world.

Charyn Canyon

The biggest capex boom in history, combined with a collapse in free cash flow. The future will be very interesting.

Yesterday, I had the chance to check out the Kaspi Super App in person for the first time and see how it works. It’s an amazing tool, and I’m not at all surprised that everyone is using it. $KSPI

Let's run an experiment: Divide a nation into two, make one of them socialist, and the other capitalist 🧐 _

Deep in the Swiss forests.

A very interesting book.

One reason why the Nikkei 225 is rising so sharply may be that over 40% of its constituent companies can be considered AI-related businesses.