Annual General Meeting of Shareholders

exor.com / 2026

May 14, 2026

cez.cz / IR Events calendar

Q1 2026 Cummins Inc. Earnings Conference Call

investor.cummins.com / Upcoming Events

2025 SAI Letter: Both Sides Now: Cloud Delusions; Value at a Secular Plateau; And – Berkshire Hathaway: Going Out on Top

semperaugustus.com / Client Letters

2024 SAI Letter: Won't Get Fooled Again: Three Ways You Can Go Broke; Bogleheads; And – Berkshire Hathaway: Getting In Tune

semperaugustus.com / Client Letters

2023 SAI Letter: Dirty Deeds Done Dirt Cheap: Berkshire Hathaway: The Flag at Half-Staff; How to Make Money in Stocks (and Not Lose It); and The China Syndrome

semperaugustus.com / Client Letters

2022 SAI Letter: Crazy Train: Profitless Prosperity; Investing In Flation; And – Berkshire: Getting Better All The Time

semperaugustus.com / Client Letters

2021 SAI Letter: Brown Sugar: Benign Neglect; Energy Policy Crashes the Grid; And - Berkshire: Charlie is My Darling

semperaugustus.com / Client Letters

2020 SAI Letter: The Point of No Return: The Path From Deflation To Hyperinflation; Expedition Everest; And – Berkshire: The Goat Goes Full Repo

semperaugustus.com / Client Letters

2019 SAI Letter: Money for Nothing: Dire Straits in Valuations; Stocks for Free; The Imperative of No; And - The Berkshire Fumblerooskie, Plus More!

semperaugustus.com / Client Letters

2018 SAI Letter: Addicted to Loans: A Bubble In Debt, The Trouble With Earnings, The Second Great Pivot At Berkshire Plus: The ROE You Will Not See!

semperaugustus.com / Client Letters

2017 SAI Letter: Double, Double Toil and Trouble - Wicked Valuations, Bubbles in Monetary Policy and Passive Investing; Plus - Berkshire - Charmed by the Tax Deed

semperaugustus.com / Client Letters

2016 SAI Letter: Sympathy for the Dog; Challenging Dogma Death of the Profit Margin and a (Brief) Berkshire Redux

semperaugustus.com / Client Letters

2015 SAI Letter: Party Like It's Nineteen Ninety-Nine- Bad Breadth, Intrinsic Value, and a Deep Dive into Berkshire Hathaway

semperaugustus.com / Client Letters

2014 SAI Letter: Twelve Predictions from 2000 Revisited + New Predictions for the Next Fifteen Years

semperaugustus.com / Client Letters

2004 SAI Letter: Headwinds and Advantages vs the S&P 500

semperaugustus.com / Client Letters

2003 SAI Letter: Agnosticism, Laffing Gas and Glacial Improvement in Accounting Quality

semperaugustus.com / Client Letters

2002 SAI Letter: Mr Smith Goes to Washington - Fair Value Update and Accounting Adjustments

semperaugustus.com / Client Letters

2001 SAI Letter: The Interaction Between Profits and PE Multiples

semperaugustus.com / Client Letters

November 2000: Price Matters

semperaugustus.com / Client Letters

January 2000: Predictions for the Next Fifteen Years and the Future Economics of Microsoft

semperaugustus.com / Client Letters

August 1999: The Semper Augustus Approach to Stock Picking - Mercury General

semperaugustus.com / Client Letters

July 1999: Large Cap Stocks Still Overvalued Some Bargains in Small Caps and Mid Caps

semperaugustus.com / Client Letters

March 1999: Energy Stocks Today What Led Semper Augustus to the Energy Sector

semperaugustus.com / Client Letters

News Spain’s litigation finance market gains momentum, reports El Confidencial

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