Munger Mode rating: 2 out of 5 — Sell. Our own rating from the research report below, on business quality first: moat durability and management, with price separating the top three.
Written in the voice of Warren Buffett and Charlie Munger, from the Q2 2026 10-Q (filed August 2026), recent earnings disclosures, and current market data. DaVita is a well-run tollbooth on a road the government owns. It collects a fee 3 times a week from roughly 200,000 Americans whose lives depend on showing up, it shares a comfortable duopoly with Fresenius, and its managers repurchase stock with a discipline we genuinely admire — the share count has shrunk by roughly two-thirds over the past decade.
Recent filings analysed: 10-Q (2026-08-04), 8-K (2026-08-04), 8-K (2026-06-08), 10-Q (2026-05-05).
Stock screener · Superinvestor 13F holdings · Analyst sentiment · Market valuation