{"version":"1.0","provider_name":"Gestion de capital PenderFund lt\u00e9e","provider_url":"https:\/\/penderfund.com\/fr","author_name":"Paige Collins","author_url":"https:\/\/penderfund.com\/fr\/author\/pcollins\/","title":"On Luck, Longevity, and Good Judgment","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"1Afn25Kk8A\"><a href=\"https:\/\/penderfund.com\/fr\/articles\/on-luck-longevity-and-good-judgment\/\">On Luck, Longevity, and Good Judgment<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/penderfund.com\/fr\/articles\/on-luck-longevity-and-good-judgment\/embed\/#?secret=1Afn25Kk8A\" width=\"600\" height=\"338\" title=\"&laquo; On Luck, Longevity, and Good Judgment &raquo; &#8212; PenderFund Capital Management\" data-secret=\"1Afn25Kk8A\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script>\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/penderfund.com\/wp-includes\/js\/wp-embed.min.js\n<\/script>","thumbnail_url":"https:\/\/penderfund.com\/wp-content\/uploads\/2026\/01\/Pender-Pulse-Thumbnail.png","thumbnail_width":850,"thumbnail_height":400,"description":"\u201cTo My Fellow Shareholders:\u00a0 I will no longer be writing Berkshire\u2019s annual report or talking endlessly at the annual meeting. As the British would say,\u00a0I\u2019m\u00a0\u201cgoing quiet.\u201d\u00a0 Sort of.\u201d\u00a0 Each year, investors and business leaders look to the shareholders letters of Warren Buffet not for forecasts, but for perspective. For decades, his reflections on Berkshire Hathaway [&hellip;]"}