This week’s best investing news:

Warren Buffett was still searching for that elephant to buy in his final months as Berkshire CEO (CNBC)

Why Michael Burry’s AI skepticism can be explained by an escalator that Warren Buffett built (Morningstar)

Charles Ellis Identifies the “Great American Investments” That Define America (WT)

Biotech Investing (Verdad)

Bill Nygren – What goes up (Oakmark)

Nick Train: why I’m raising a glass to Diageo and the future of Rightmove (AJ Bell)

OakTree Capital – The Insight: Conversations – Europe (OakTree)

In Conversation with Aswath Damodaran, Professor at NYU Stern School of Business (Edinburgh)

The Probability of Loss in the Stock Market (Carlson)

‘Where Are The Hated Stocks?’ (Felder)

Market Concentration in Index Funds (HD)

2026 could be crappy for the stock market, and that would be normal (TKer)

“Nothing Is Off The Table” (Morris)

The Crowded Alley (Havenstein)

Morgan Housel: Wealth is What You Have Minus What You Want (Farnam)

Slop Too Shall Pass (Investment Talk)

2025: A Year in Returns (Novel)

Uncommon Sense: The Enigmatic Mister Johnson (Kingswell)

Gold Isn’t Special (HD)

Why Consistent Fund Performance Is Overrated (Morningstar)

When 40x P/E is a Bargain (Flyover)

3 Ways to Simplify Your Investment Portfolio in 2026 (Morningstar)

MiB: Ben Hunt, co-founder Perscient (MiB)

RV Capital’s 2026 Annual Gathering: Q&A with Robert Vinall (RV)

This week’s best value investing news:

John Rogers – It will be a good year for these small value stocks that have been neglected and left for dead (Fox)

European factor outlook: Barclays favours Value as Quality lacks catalysts (Investing.com)

AI-Augmented Value Investing: Reinterpreting Buffett’s Principles in the Data-Driven Era (LM)

This week’s Fear & Greed Index:

This week’s best investing podcasts:

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

#265 – Pre-IPO Investing with EquityZen Co-Founder Phil Haslett (AR)

Bill Cates: How Financial Advisors Can Master Their Marketing Message (Barron’s)

Sold At “Irrational Exuberance”. Still Lost Money | Sam Ro on the Bubble Paradox (ER)

Moritz Heiden & Moritz Seibert – Trend-Following Spreads (S7E25) (FWM)

Tom Digan & Greg Stewart – Building the World’s Best Fitness App (ILTB)

Club Conversation with Aswath Damodaran, the Dean of Valuation (MicroCapClub)

Why International MicroCaps Resemble the U.S. Opportunity of the 1990s with Robert Gardiner, Chairman & Co-Founder of Grandeur Peak Global Advisors (PMC)

Andy Reed: Inertia Is the Most Powerful Force in Behavioral Finance (LongView)

Charles Ellis Identifies the “Great American Investments” That Define America (WealthTrack)

This week’s Buffett Indicator:

Strongly Overvalued

This week’s best investing research:

How Geopolitics is Being Priced in Real Time (AlphaArchitect)

Alignment Over Access: Gauging the Fit Between Alternative Investment Strategies and their Fund Structures (AllAboutAlpha)

Shifting Tides in Global Markets: The Reemergence of International Investing (CFA)

This week’s best investing tweet:

The Blessed Fraud Recurrence addresses, in long form, questions raised in the original Unicorns & Cockroaches: Blessed Fraud article about AI buildout depreciation schedules and potential earnings overstatement by the hyperscalers. Here, I admit it – AI really is like… pic.twitter.com/G5hXVlZ3YA

— Cassandra Unchained (@michaeljburry) January 10, 2026

This week’s best investing graphic:

Charted: Asset Class Returns Across Eras (1990–2025) (Visual Capitalist)