Seeing a bus bound for Aksarben was a very satisfying addition to my trip to Omaha in 2026.

Aksarben is Nebraska spelt backwards. The Ak-Sar-Ben racetrack used to host horse races. It was also one of Buffett’s early hunting grounds. People would bet on these races and receive stubs representing their bets.

After the races, Buffett would visit the track and collect stubs that bettors had lost or discarded as worthless. He would check each one for any remaining value and cash in any winning stubs.

Although the racetrack no longer exists, the story is a useful reminder of what value investors must do: leave no stone unturned.