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This Week on The Compound

December 21, 2025

This Week on The Compound

Agricultural Commodities: Rooted in Resilience

Corn, soybeans, wheat, and sugar prices have historically contributed to positive real returns during inflationary periods. Explore Agricultural Commodity ETFs. 

Josh and Michael were joined on TCAF by author and journalist William D. Cohan, founding partner at Puck. They discussed Netflix vs. Paramount in the battle for Warner Bros., record highs for US banks, and the likely next Fed chair. (Listen)

OUTSIDE THE COMPOUND

Unless you have been living under a rock, you know that Warren Buffett is stepping down as CEO of Berkshire Hathaway. In The Atlantic, noted investor Seth Klarman reflects on Buffett’s long career and the lessons he has drawn from it. Klarman writes: 

Buffett’s commercial successes built his fortune, but I admire him most for the way he lived his life. He headed one of the world’s most successful and admired companies for more than half a century, and he did it not by caring about being admired but by steadily focusing on doing the right thing for the business and its shareholders. And in Buffett’s case, at least, doing the right thing led to him being even more admired.

Seth A. Klarman

CHART OF THE WEEK

An investor’s worst enemy is inflation. It took a big toll on investors in the 1970s. So you would think that a re-acceleration in inflation this decade would be harmful. However, Ben Carlson at A Wealth of Common Sense notes that, so far, that has not been the case.

MERCH

The Compound Trucker hats come in two colors, so something for everyone. You can always check out all our cool merch at idontshop.com.

COMING SOON

The stock market will close early on Wednesday, Christmas Eve, and reopen on Friday, December 26. So no new TCAF this week.

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