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Brooks

Brooks Hits New Strides with Mile World Record and Global Growth

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Brooks is having a standout year, both on the track and in the marketplace.

On July 18, 2026, Brooks Beasts athlete Josh Kerr delivered one of the greatest performances in middle-distance running history, clocking 3:42.66 to break the mile world record that had stood for 27 years. Originally launched as “Project 222″—an ambitious attempt to run the mile in 222 seconds—Kerr’s achievement marked a historic milestone for the Brooks-sponsored athlete, who has trained with the Seattle-based Brooks Beasts professional team under coach Danny Mackey since 2018.

The record-breaking performance adds to an already exceptional year for Brooks. The performance running brand began 2026 with strong momentum, reporting double-digit first-quarter growth following a record-setting 2025. Brooks posted 20% growth in North America, 30% currency-neutral growth across Europe, the Middle East, and Africa (EMEA), and an impressive 136% year-over-year increase in China, underscoring the brand’s continued global expansion and strength in the performance running market.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons From Warren Buffett: Why Wall Street Prefers Traders to Investors

Warren Buffett has long argued that the interests of Wall Street and those of long-term investors are not always aligned. While successful investing often means buying quality businesses and holding them for decades, that approach generates little revenue for brokerage firms. Frequent trading, by contrast, produces a steady stream of commissions and fees.

In a CNBC interview in July 2026, Buffett summed up the difference with his characteristic wit: “Since humans like to gamble so much, there’s more money in actually cultivating gamblers than there are in cultivating investors.” His observation highlights a timeless lesson: investors should be mindful of incentives and avoid confusing market activity with investment success. Patience and discipline, rather than constant trading, have been the foundation of Buffett’s long-term approach to building wealth.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Warren Buffett

Warren Buffett Donates 12 Million Berkshire Hathaway B Shares to Four Foundations

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Warren Buffett plans to convert 8,000 Berkshire Hathaway Class A shares into 12 million Class B shares, which he will donate to four charitable foundations. The donation includes 9 million Class B shares to the Susan Thompson Buffett Foundation and 1 million shares each to the Sherwood Foundation, Howard G. Buffett Foundation, and Novo Foundation. The latter three are managed by each of his children.

Following the donation, Buffett’s Berkshire Hathaway holdings will total 188,290 Class A shares and 1,162 Class B shares.

Buffett reaffirmed his intention to distribute all of his Berkshire shares within the next eight years, with the process expected to be completed by December 31, 2034. He said his three children will oversee the remaining donations if necessary, adding that all of his remaining shares will ultimately be distributed among the four foundations. He also noted that annual grants to the foundations managed by his children are expected to increase over time, while the Susan Thompson Buffett Foundation will receive grants that grow at a somewhat faster pace.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lubrizol

Lubrizol, Polyhose Inaugurate Medical Tubing Manufacturing Facility in Chennai, India

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Lubrizol, a Berkshire Hathaway company and global leader in specialty chemicals, has partnered with Polyhose to inaugurate a new medical manufacturing facility in Chennai, Tamil Nadu. The state-of-the-art plant will produce precision extruded medical tubing for minimally invasive medical devices, supporting the rapid growth of India’s medical technology and healthcare sectors.

The ISO 13485-certified facility is designed to deliver high-quality medical tubing backed by stringent quality control and the same manufacturing standards followed across Lubrizol’s global network. The investment strengthens the company’s ability to serve customers in India while also supporting international markets.

The facility will manufacture precision extruded tubing using a range of high-performance materials, including polyamides, nylon, Pebax®, polypropylene, polyethylene, and Lubrizol’s medical-grade thermoplastic polyurethane (TPU).

The new site is expected to enhance India’s domestic capacity for precision medical tubing, supporting the country’s efforts to expand local medical device manufacturing, reduce dependence on imports, and improve access to safe, high-quality healthcare products.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons From Warren Buffett: The Hidden Cost of Meeting Wall Street’s Endless Demands

Warren Buffett has long cautioned against the unrealistic expectation that businesses should report ever-increasing earnings every quarter. At the 2005 Berkshire Hathaway Annual Meeting, he highlighted how this pressure can incentivize unethical behavior among executives.

“Businesses do not meet expectations quarter after quarter and year after year. It just isn’t in the nature of running businesses,” Buffett said. He warned that those who claim to predict financial performance with precision are often misleading either investors, themselves, or both.

Buffett also pointed to the dangers of a company culture driven by the CEO’s ego and the relentless pursuit of earnings targets. When leadership becomes too fixated on meeting short-term forecasts, it can create an environment where employees feel pressured to take questionable actions to avoid disappointing results.

“You get enough bad things anyway,” Buffett said. “But setting up a system that exerts financial or psychological pressure on people to do things they don’t want to do is a terrible mistake.”

His message serves as a reminder that sustainable business success is built on long-term thinking, not artificial consistency.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Clayton Homes

Berkshire’s Mungo Homes Acquires McGuinn Homes, Expanding Southeast Footprint

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After last month’s announcement that Berkshire Hathaway will acquire Taylor Morrison Home Corp. in an all-cash transaction for $8.5 billion, the company has announced another much smaller acquisition.

Mungo Homes, a Berkshire Hathaway company and member of Clayton Home Building Group, has acquired South Carolina-based McGuinn Homes, strengthening its presence across the Southeast and expanding into key markets including Augusta, Georgia, and Aiken, South Carolina.

Mungo Homes has been building homes for more than 70 years across South Carolina, North Carolina, Georgia, and Virginia. McGuinn Homes brings more than four decades of experience and a strong reputation in markets including Columbia, Greenville, Sumter, Hilton Head Island, Aiken, Augusta, and Savannah.

“We’re excited to join the Mungo family and continue our commitment to the markets we impact,” said Wade McGuinn, founder and managing shareholder of McGuinn Homes. “Together, we’re well positioned to provide more attainable homeownership opportunities through a shared commitment to customer service and operational excellence.”

The acquisition also unites two companies with a strong focus on community engagement. Mungo Homes supports charitable initiatives through the Mungo Homes Foundation, including its annual Week of Service, while McGuinn Homes gives back through its McGuinn Good™ program.

“The addition of McGuinn Homes to the Mungo family reflects our shared values of attainable homeownership, world-class team member experience, and giving back to the people and communities we serve,” said Keith Holdbrooks, chief executive officer of Clayton Home Building Group. “This acquisition allows both teams to expand access to affordable homes in more markets while serving as a united force for good through volunteerism.”

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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BNSF

BNSF Completes National Bargaining Following BRS Contract Ratification

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BNSF Railway announced that members of the Brotherhood of Railroad Signalmen (BRS) have ratified a new five-year collective bargaining agreement, completing the company’s participation in the current round of national bargaining. The agreement covers approximately 1,700 employees and means 100% of BNSF’s union-represented workforce is now covered under ratified national agreements.

The contract provides wage increases totaling 17.5% over five years (18.8% compounded), with retroactive pay to July 1, 2025. It also includes accelerated vacation enhancements and maintained health care benefits consistent with the national bargaining framework.

“This agreement marks an important milestone for BNSF, completing this round of national bargaining and ensuring all union-represented employees are now covered under ratified agreements,” said BNSF President and CEO Katie Farmer. “We appreciate the collaboration of our labor partners throughout this process and look forward to continuing to support our employees, deliver safe and reliable service, and invest in the future.”

BRS General Chairman Jeremy Huckabee said the agreement provides meaningful wage increases and improvements to health care and vacation benefits, adding that the union looks forward to continuing to work with BNSF on behalf of its members.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Dairy Queen

Dairy Queen Plans 20 Puerto Rico Restaurants by 2036

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Berkshire Hathaway’s International Dairy Queen (IDQ) has announced plans to return to Puerto Rico through a new franchise agreement that will bring 20 DQ Grill & Chill restaurants to the island by 2036.

The agreement was signed with Caribbean Creamery LLC, an affiliate of Richport Restaurants LLC, which owns and operates franchised restaurants in Puerto Rico. The new locations will offer Dairy Queen’s signature frozen treats along with a full menu of hot food.

The first restaurant is expected to open in San Juan during the first quarter of 2027. Dairy Queen last operated in Puerto Rico more than 20 years ago.

IDQ said the partnership with Caribbean Creamery was based on the company’s leadership, operational expertise, and long-term commitment to the local market. The expansion strengthens Dairy Queen’s presence across the Caribbean, Central America, and Mexico.

Based in Minneapolis, International Dairy Queen oversees more than 7,800 restaurants in over 20 countries through its subsidiaries.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lessons From Warren Buffett

Lessons From Warren Buffett: Why Understanding Your Circle of Competence Matters

Warren Buffett has long championed the principle of investing within what he calls “your circle of competence.” This idea has been a cornerstone of his approach to investing, guiding his decisions and keeping him focused on areas where he has deep knowledge and expertise.

At the 1999 Berkshire Hathaway annual meeting, Buffett explained, “Different people understand different businesses. And the important thing is to know which ones you do understand and when you’re operating within what I call ‘your circle of competence.’”

Buffett’s commitment to this rule has shaped his investment strategy, even if it meant passing up tempting opportunities outside his expertise. By sticking to businesses and industries he thoroughly understands, Buffett has consistently avoided the risks that come with ventures beyond his grasp. His success serves as a reminder of the power of focus and the value of staying within one’s area of expertise.

Hear Buffett’s full explanation

See the complete Lessons From Warren Buffett series

© 2025 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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Lubrizol

Lubrizol Highlights Sustainability Progress in Latest Global Report

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Lubrizol, a Berkshire Hathaway company, has released its latest sustainability report, Global Impact, Local Action, highlighting progress in reducing environmental impact, advancing sustainable innovation and strengthening workplace safety and community engagement.

As the company approaches its 100th anniversary in 2028, the report emphasizes that sustainability is embedded across its operations, innovation and culture. Lubrizol said digital tools, data science and advanced technologies are helping accelerate the development of sustainable solutions for customers worldwide.

Among the report’s key achievements are an 18% reduction in Scope 1 and 2 greenhouse gas emissions in 2025 compared with a 2018 baseline, more than 14,000 employee volunteer hours globally, and continued development of products designed to help customers meet their sustainability goals.

The report also showcases regional case studies demonstrating how locally led initiatives—from manufacturing improvements to employee-driven community projects—are contributing to the company’s broader sustainability objectives. Lubrizol said empowering local teams within a global framework is central to delivering practical, scalable progress toward its long-term sustainability goals.

©2026 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.