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more Adobe.

I think their headless strategy makes sense. I have never used Slack and I don't have AI agents, but I buy the argument that Slack is a great place for co workers to work and manage AI agents and work. I watched a video on CNBC with a ADBE executive yesterday and he said ADBE would be moving towards more headless offerings.

It is the largest component of IGV and i believe the whole ETF is shorted regardless of whats in it or at what valuation the stocks are, to buy more semi stocks. That trade will implode sooner or later.

You are right, and Wales had a separate team too... Shocking how Russia, India and China are not in, while Curacao is...

Got it John. Here's some facts: - Iran is bankrupt - It's military destroyed - IRGC leadership, many dead - Iran has no friends in the Gulf - Finally, the US Military can do anything they wish to Iran for the next several years When one understands that - Europe should be delighted.

Is MSFT a SaaS company? It is trading like one.

Thanks Mike [ @cubsfan ], My post was about my fumbling for facts because of the lack of actual, factual and tangible data points, facts.

Thanks, @73 Reds. So, I have not been the only one. To me, that's a weird and questional public communication strategy about the MOU.

I think we are getting close to the point where I might hold my nose and buy one or two SAAS stocks. CRM is almost worth a shot at this price. If they can execute well stock could be a bargain, if they don’t then I think the product is sticky enough at large enterprises to stop it from falling down completely.

You got it right @John Hjorth According to our buddies on CoBF, the $300B will be handed over by all of Iran's mortal enemies, just so Iran can rebuild their nukes and military - then Iran can start attacking their neighbors again. The brain trust on CoBF strikes again.

I owned KW briefly before the takeover. I think there is plenty of hidden value. The share price didn't reflect this for 3 reasons: KW screens highly levered, which puts people off; real estate is relatively unpopular today; and real estate is in a downcycle because interest rate increases lead rent increases. However, on the other side of the coin, rents are starting to accelerate, interest rate increases have or will level off, and new supply is at cyclical lows. I think FFH have timed this one quite well. When I owned it I ran simple valuation scenarios that came out between $12 and $28. Fairfax bought for £10.90. I am pretty confident they will get a decent result from this deal and that's before considering that the asset management business might grow and FFH might benefit from having real estate expertise in-house.

John, your guess is as good as mine. People who make assumptions are only arguing their "book" or bias. Likewise, media jumps to conclusions because that is what they do.

It does make me smile to see investments like Stelco and Seaspan described as high-quality. At the time, IIRC, this board was screaming that they were absolute crap. There is an element of hindsight bias here. In addition, Fairfax were brilliant investors from formation until 2008 or so. Then they had a bad decade. If that's changed, it's less "new Fairfax" and more "back to old Fairfax". One of my concerns with the business is that the portfolio built in the 2010s (Eurobank, Seaspan, etc.) has mostly hit fair value. There is a great tendency to look at old investments because we have more data, but the answers are already fairly settled; really we should be mapping out the future of investments where we don't know the outcome, like KW, Sleep, Blizzard, etc.

The setting is so fitting for the occasion as didn’t Germany also signed the treaty of Versailles officially acknowledging their defeat in 1919!

He has made a billion from boxing and apparently just blows it all the time. Buying stuff never made me happy, but apparently it makes others happy to blow their money on cars and watches. He should be a multi-billionaire by now.

Mike [ @cubsfan ], Richard [ @RichardGibbons ], @dwy000 & @73 Reds, I'm just asking here, because I'm confused and a bit lost. What's the discussion basis [source] for these socalled USD 300 billion? What's the specific content of the socalled MOU, that POTUS signed in Versaillles, France? [Plain and simple : I'm so dumb that I appearently can't find it anywhere! lol!] - - - o 0 o - - - Edit : The above based what I experienced on miscellaneous TV-cannels and read on various news media yesterday, found this this morning - is this it? : CNN - World [June 17th 2026] : US releases official agreement with Iran. Read the 14-point text

The US will print it...

Yeah, I can't wait to see WHO is going to give them $300B. Would you? If you're an investor, would you give them $300B? You guys make lots of assumptions. Let's see which Gulf States or Europeans kick in $300B just to watch Iran rebuild their military. You can't be that dumb. Just like all the "friends of Gaza" that were going to kick in billions to turn Gaza into Miami Beach. LOL

Hope England keep playing like this, much more fun football to watch than their usual. Polite p.s. England, not UK - otherwise Scotland wouldn't be playing.

I suspect Israel/Hezbollah might both be tired, and welcome of a break. But it will inevitably start again at some point.

I didn't know what other thread to put this story, so I thought it might make sense to revive this thread. Sometimes eff you money just isn't enough! Did anyone ever have any doubt that this knucklehead would one day be in financial problems? https://www.cnn.com/2026/06/16/sport/floyd-mayweather-felony-charges-las-vegas He’s no Oscar De La Hoya! Cheers!

How is APR energy which was rolled into Poseidon accounted for in this ROI calculation?

I agree stock price is not a great yard stick for value creation (in the short run), but in this case the >75% of the $KW shareholders who didn't take it private would say otherwise. I am guessing there is hidden value and will be interesting to see in the coming years how this investment/partnership fares.

I caution against using the stock price as a basis for value creation. I’m hopeful there is a lot of hidden value here since development properties don’t screen well.

I think so. I recall disclosure suggesting they recovered all of their capital back in that deal.