From Textile Ruin to Float Empire: How Berkshire Rides Cycles with Cash, Discipline and Munger’s Rules 2022 Berkshire Letter Part II
LonelyTrek unpacks Buffett’s 2022 letter: $30.8 B record operating earnings, float surging to $164 B via Alleghany buy, tax math, share-buyback discipline, and Charlie Munger’s blunt wisdom for AI-curious adults.