This week’s best investing news:

Warren Buffett officially steps down as CEO of Berkshire Hathaway (CNBC)

Berkshire Hathaway Inc. Completes Acquisition of OxyChem (Berkshire)

Club Conversation with Howard Marks, Oaktree’s Quiet Legend (MicroCapClub)

Japan’s Bank Revival (Verdad)

Terry Smith – Fundsmith 2025 Annual Letter to Shareholders (Fundsmith)

Ray Dalio Explains Debt Cycles (Dalio)

The Secret Of Warren Buffett’s Storied Success (Felder)

Bill Nygren – Is the S&P 500 now too risky? (Natixis)

Jamie Dimon: How Investors Know a Market Drop Is Coming (JD)

Cliff Asness on Factor Investing and the History of Financial Economics (Capitalism and Freedom in the 21st Century)

A New Year Message From Cathie Wood (ARK)

A Few Things I’m Pretty Sure About (Collab Fund)

[Outliers] The Multidisciplinary Approach to Thinking | Peter D. Kaufman (Farnam)

27 charts to consider as we look forward in the stock market (TKer)

6 Surprises From 2025 (Carlson)

The liquidity curse for investors (FT)

These Stocks Drove the Market’s Gains in 2025 (Morningstar)

How Good Were Your 2025 Financial Market Forecasts? (BI)

Patient Capital’s Samantha McLemore featured on Barron’s: Finding bargains in a pricy Market (Barron’s)

8 Lessons for Investors From Market Turbulence in 2025 (Morningstar)

When Great Businesses Can Be Terrible Investments (CMQ)

MiB: Stephanie Drescher, Apollo Chief Client and Product Development Officer (MiB)

Three Timeless Lessons From 2025 To Use in 2026 (Carson)

First Eagle Global Value Team: Market Views 2025-2026 (FEIM)

This week’s best value investing news:

Investors may go value hunting in 2026 as AI rally matures (Reuters)

What Is Magic Formula Investing? The Joel Greenblatt Systematic Strategy (Investing.com)

Goodbye or “Goodbye”? The Golden Age of Value Investing (Bitget)

The fourth quarter effect in small caps (Klement)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

Annie Duke — Why We Make the Wrong Decisions (Ep. 296) (IL)

Reed Hastings – Building Netflix – [Invest Like the Best, EP.453] (ILTB)

Cullen Roche: What Is Your Perfect Portfolio? (LV)

Cameron Rogers: Investing With Impact | Next Gen (Barron’s)

Long-Term Uptrend. Short-Term Warning Signs | Katie Stockton on What the Charts Say About 2026 (ER)

The Tech Investor’s Guide To 2026 with Deirdre Bosa and Jeff Richards (RR)

Planet MicroCap Holdings LLC, owned by Ian Cassel, Acquires Planet MicroCap LLC to Expand into In-Person Events (MCC)

Episode 391: How Assumptions Shape Financial Planning Outcomes (RR)

Build YOUR Perfect Portfolio (w/ Cullen Roche) | #612 (Meb)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

What Earnings Explain, and What They Don’t: Insights from 150 Years of Market Data (CFA)

Vision 2035: Riyadh Edition (AAA)

The Hidden Risks of Leveraged Single-Stock ETFs (AA)

This week’s best investing tweet:

One ounce of gold buys 100 barrels of oil.

Only happened once in the last 35+ years: 2020 at the bottom. pic.twitter.com/A0tr25XaZO

— Tobias Carlisle (@Greenbackd) January 5, 2026

This week’s best investing graphic:

The World’s 50 Largest Economies and How Fast They’ve Grown Since 2000 (Visual Capitalist)