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Unprecedented Scale

Robot Army

Still Humming

The Transcript Q3 2025 Letter

Just a Blip

Doing Pretty Well

Lower Rates

The Anchor of Strength

Things are Going Fine

Winning the AI Race

Throwing a Bone

Some Uneasiness

Rate Cuts Expectations Rising

All the Way Optimistic

We Are So Back

Looking Past the Headlines

Open Windows

The Transcript Q2 2025 Letter

Bounce Back

Real Change

Keep Moving Forward

Fallout

Tremendous Resilience

Not Falling Off a Cliff

Sigh of Relief

Mixed but Stable

Buffett Rides into the Sunset

Resilient Consumer, Messy Supply Chain

Watching and Waiting

Blink of an Eye

Ah, S--t

The Transcript 1Q25 Letter

Unusual Uncertainty

Encountering Turbulence

Volatile Policy, Volatile Markets

Paralysis

Forever Blossom

Nobel Prize Winning Kids

The AI Arms Race

The Wind of Optimism

The Golden Age

Too Good?

A Good Start to 2025

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