Core Insights - Elah Holdings, Inc. has released its interim unaudited financial statements and disclosure report for Q3 2025, which can be accessed on their website [1] Company Overview - Elah Holdings, Inc. is a holding company focused on acquiring profitable businesses in the commercial and industrial sectors to achieve sustainable profitability and cash flows [2] - The company aims to unlock the value of its significant tax assets and employs creative deal structures to mitigate risk and enhance long-term shareholder value [2] - Elah Holdings trades on the OTC Pink Market under the symbol "ELLH" [2]

Core Insights - Eli Lilly is positioned to potentially become the first trillion-dollar pharmaceutical company, with a current market cap of $800 billion, while Berkshire Hathaway has a market cap of just over $1 trillion [2][3]. Eli Lilly's Growth Prospects - Eli Lilly is a leader in the rapidly growing weight management drug market, particularly with its product tirzepatide (Zepbound), which is driving significant sales growth [3]. - The company is also pursuing regulatory approval for orforglipron, an oral GLP-1 medication for weight management, which could attract patients averse to injections [4]. - Eli Lilly is developing retatrutide, which mimics the action of three gut hormones and has shown strong efficacy in phase 2 studies, potentially revolutionizing the GLP-1 space [6]. Berkshire Hathaway's Challenges - Berkshire Hathaway faces uncertainty regarding its long-term future as Warren Buffett steps down as CEO, leading to investor concerns about the new leadership under Greg Abel [7]. - The company's largest holding, Apple, is encountering challenges such as significant tariffs and competition in the AI market, which may hinder Berkshire's performance in the near term [9]. - Despite these challenges, Berkshire Hathaway's diversification and investment philosophy may still make it a viable long-term investment, though patience may be required [10].

Core Insights - OHA has increased its investment in IDEAL Holdings' Corporate Vehicle to 25% with an additional €41 million, enhancing the company's cash position [1][2] - The Corporate Vehicle holds most of IDEAL Holdings' investments, including attica Department Stores and various ICT companies [2] - OHA retains the right to co-invest up to an additional €200 million over the next two years, supporting IDEAL Holdings' growth and strategic expansion [3] Company Overview - IDEAL Holdings is a listed holding company with a diversified investment portfolio, focusing on companies with sustainable growth prospects [4] - Key investments include BYTE S.A., ADACOM S.A., BLUESTREAM SOLUTIONS S.A., attica Department Stores S.A., Barba Stathis S.A., and Chalvatzis Makedoniki S.A. [4] OHA Overview - Oak Hill Advisors (OHA) is a global credit-focused alternative asset manager with approximately $98 billion in assets under management as of June 30, 2025 [5] - OHA emphasizes long-term partnerships and provides customized credit solutions across market cycles [5]

Group 1: Market Overview - Small-cap stocks have experienced a strong rally recently, driven by a favorable rate cut outlook which provides significant tailwinds [1][5] - The cheaper capital environment is particularly beneficial for smaller companies, contributing to their recent performance [1] Group 2: Company Insights - **Star Equity Holdings (STRR)**: This diversified holding company has seen its shares increase by 35% over the past three months, with the CEO acquiring approximately 660,000 shares in September [2][5] - **Anterix (ATEX)**: A wireless communications company focused on private broadband connectivity, the CEO purchased around 4,600 shares for $100,000 in mid-September. Despite recent pressure, shares have shown some recovery from 2025 lows [3][5] - **Energy Vault (NRGV)**: This company specializes in sustainable energy storage solutions. The CEO made a significant purchase of about 67,500 shares, with NRGV shares more than tripling in the last three months, outperforming the S&P 500's 12% gain [6][5] Group 3: Insider Activity - Recent insider buying activity from the CEOs of STRR, ATEX, and NRGV is seen as a positive indicator for long-term outlooks, although these transactions should not be solely relied upon for short-term performance [7][5]

Core Viewpoint - Tiny Ltd. announces an update on beneficial ownership following share acquisitions by Andrew Wilkinson, the chairman of the company, who acquired 49,049 Class A common shares at a price of $0.99 per share, totaling approximately $49,019 [1]. Summary by Relevant Sections Share Ownership Changes - As of June 28, 2024, Andrew Wilkinson held 120,267,396 Common Shares, representing 64.3% of the company's issued and outstanding shares on an undiluted basis [2]. - Following various transactions, Wilkinson's percentage ownership decreased to 51.0% of the issued and outstanding Common Shares. This change was attributed to several factors, including the issuance of shares related to the acquisition of Serato Audio Research Limited, a gift of shares to employees, and other acquisitions and dispositions [3]. Recent Transactions - The recent acquisition of 49,049 Common Shares on September 23, 2025, was made in the public market, contributing to Wilkinson's current holding of 119,965,445 Common Shares, which now represents 51.0% of the total shares [3]. - Other transactions included the gift of 470,000 Common Shares to early employees and the automatic disposition of 55,000 Common Shares [3]. Control and Future Intentions - The acquisitions and dispositions were primarily conducted by Wilkinson Ventures Ltd., a private company controlled by Andrew Wilkinson [4]. - Mr. Wilkinson may consider acquiring additional securities or disposing of existing ones based on market conditions and other relevant factors [5].

Core Viewpoint - Warren Buffett expressed gratitude towards the U.S. government for tax contributions, stating a desire for Berkshire Hathaway to pay even more in the future [1][5] Tax Contributions - Berkshire Hathaway paid $26.8 billion in taxes in 2024, divided into four payments throughout the year [2] - This tax payment is significantly higher than any previous corporate tax contributions in U.S. history, surpassing even major tech companies [2] - The cumulative tax paid by Berkshire over its lifetime amounts to $101 billion [2] Company Pride and Historical Context - Buffett views the substantial tax payment as a point of pride, contrasting it with the company's past when it owed no income tax for a decade [4] - The company has transformed from a struggling entity in 1965 to a valued corporation worth $1.065 trillion today [4] Belief in the U.S. Economy - Buffett attributes Berkshire's success to the favorable corporate environment in the U.S., emphasizing that the company could not have achieved its results elsewhere [5]

Group 1 - The analysis compares Exor N.V. and Porsche Automobil Holding SE, with a preference for Exor N.V. [1] - Exor N.V. recently reported its half-year results, indicating positive performance [1] Group 2 - The article emphasizes the importance of fundamental, income-oriented, long-term analysis in investment decisions [1]

Group 1 - Biglari Holdings (NYSE: BH) has shown strong performance recently, benefiting from an improving capital cost situation favorable for holding companies with significant exposure to privately held assets [2] - The Value Lab, led by Biglari Holdings, offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, and quarterly earnings write-ups [2] - The Valkyrie Trading Society consists of analysts focusing on high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the current economic environment [3]

Group 1 - Biglari Holdings (NYSE: BH) has shown strong performance recently, benefiting from an improving capital cost situation favorable for holding companies with significant exposure to privately held assets [2] - The Value Lab, led by Biglari Holdings, offers a portfolio with real-time updates, 24/7 chat support, regular global market news reports, feedback on member stock ideas, new trades monthly, and quarterly earnings write-ups [2] - The Valkyrie Trading Society consists of analysts sharing high conviction and obscure developed market ideas that are downside limited and likely to generate non-correlated and outsized returns in the current economic environment [3]

Core Viewpoint - EACO Corporation is identified as a compelling investment opportunity deserving a "Strong Buy" rating due to its history of profitability, operational excellence, competitive advantages, alignment of shareholder and management interests, and favorable valuation [1] Company Analysis - EACO Corporation has a strong track record of profitability, indicating its ability to generate consistent earnings [1] - The company demonstrates operational excellence, which contributes to its competitive positioning in the market [1] - EACO possesses competitive advantages that enhance its market standing and potential for growth [1] - There is a notable alignment of interests between shareholders and management, which is crucial for long-term value creation [1] - The current valuation of EACO is considered attractive, suggesting potential for price appreciation [1]