Amazing and informative. I recall that Charlie, in one of the last interviews of his life, assured the assembled that he self-insured as soon as he was wealthy enough to do it. In "Thinking Fast and Slow," Kahneman notes that insurance is something that poor people buy from rich people. Charlie did insure his vehicles: that is a statutory mandate for obvious reasons. He said he was required to and he did. Note how clearly he distinguished the duty and the fulfillment thereof!
Thanks! I loved that answer by Charlie about self-insurance and think about it all the time. Hopefully some day I'm in a financial category where I can follow his advice! 😜
I posted the PDF of his autobiography in the June 20 issue of The Berkshire Beat. (https://www.kingswell.io/p/the-berkshire-beat-june-20-2025) The download link is in the top half of the article. Ringwalt’s autobiography is a great read!
An incredibly lovely article - one of the many reasons why I love your substack! I found Jack RIngwalt's biography to be candid, humorous, and reflective, providing not only a business history but also personal insights. It was an incredible book to read, I only wish it had been longer than the 50 pages.
Amazing and informative. I recall that Charlie, in one of the last interviews of his life, assured the assembled that he self-insured as soon as he was wealthy enough to do it. In "Thinking Fast and Slow," Kahneman notes that insurance is something that poor people buy from rich people. Charlie did insure his vehicles: that is a statutory mandate for obvious reasons. He said he was required to and he did. Note how clearly he distinguished the duty and the fulfillment thereof!
Thanks! I loved that answer by Charlie about self-insurance and think about it all the time. Hopefully some day I'm in a financial category where I can follow his advice! 😜
Do you know where I can find Jack’s autobiography? A Google search didn’t bring up much.
I posted the PDF of his autobiography in the June 20 issue of The Berkshire Beat. (https://www.kingswell.io/p/the-berkshire-beat-june-20-2025) The download link is in the top half of the article. Ringwalt’s autobiography is a great read!
I love your substack!
Thanks Igor! I really appreciate it!
An incredibly lovely article - one of the many reasons why I love your substack! I found Jack RIngwalt's biography to be candid, humorous, and reflective, providing not only a business history but also personal insights. It was an incredible book to read, I only wish it had been longer than the 50 pages.
Hi Amitpal - It was great from start to finish. I wasn't expecting it to be as much of a page-turner as it was. I wish it was longer, too!