All Activity

Yes, natural theology would be like the idea of the watchmaker God of the Enlightenment and most of the US Founding Fathers. This is still present in the scientific community but now they call it “the Universe” which I think is kind of funny. Even Stephen Hawking can’t get around the fact that math, physics, etc. follows laws and always works and has always been. It seems as if something made the software that drives the hardware (material world) but they don’t want to say that so they say “The Universe is so incredible!”

I am a BRK shareholder... I am pretty sure it will underperform the market or at least do worse than my other stocks... I don't think there are many BRK shareholders that keep holding it because of its "bright" future... Why I keep holding it?...I think it as a bond (low return low risk...probably they will start dividends sooner or later...) with a kind of stabilizing effect (lower long term variance) in my portfolio in case of big crash/recession (not that they will not crash too...they will...but they will have plenty of cash to invest in that situation...).

+1. This is an extremely good book.

Yes, how about you?

What was disappointing about it? Just curious since I’ve had the opposite experience.

Not philosophy in the strict sense but The Lessons of History by Will and Ariel Durant is a very good read.

The Bible would be far and away #1. Pensees by Pascal is good. A collection of very short truisms. There are lots of good books/authors on natural theology. This is the concept of arguing for a single creator based solely on our knowledge of the universe and logic. Natural theology is usually a precursor for anyone who begins their religious inquiry from a position of reason or proof seeking. These types of books would consider stuff like the problem of evil, Euthyphro dilemma, ontological argument, cosmological argument, why is there a universe rather than no universe, etc.

Are you sure about that? I'm not sure you've examined their works close enough and instead have settled for two of their core thoughts while ignoring many others they held. Very few of their views translate to modern societal standards and norms both politically and culturally.

The real TDS victims are those that believe and suck up everything he says and does.

Well you're personally wrong....Many of histories most brutal dictators and leaders were extremely well read. Stalin and Mao for example were quite well educated and both voracious readers with extensive libraries. Hitler, Pol Pot, Napoleon, Mussolini, Saddam, all read extensively. Reading the economist doesn't make you a good person Blake. It just makes you a person who reads the Economist...

I didn’t know you were Irish Milu, born there?

I'll also add that these are not problems simply confined to one political party or another, though it may seem that way sometimes; it is ultimately a problem confined to human nature. And it seems to be something that we're incapable of getting rid of entirely.

Article #6 - the final article in our 6-part series. Estimating Fairfax’s Investment Earnings July 2026 Earlier articles explained how Fairfax invests. This final article examines the results. How much has Fairfax's investment capital earned? And what is a reasonable estimate of what it can earn today? The objective is not to calculate a precise portfolio return. Fairfax's investment business extends well beyond a portfolio of marketable securities, and accounting does not capture all of the value it creates. Instead, we estimate the economic earnings generated by Fairfax's investment capital. The analysis serves two purposes. It helps evaluate management's long-term capital allocation record and provides a framework for estimating Fairfax's current investment earning power. Part 1: Methodology Our objective is to estimate the economic earnings generated by Fairfax's investment capital. To do this, we combine five components: Interest and dividend income Share of profit of associates Earnings from non-insurance consolidated companies Net investment gains (losses) Annual change in excess of fair value over carrying value The first four components are reflected in Fairfax's reported investment earnings. The fifth—the excess of fair value over carrying value—is disclosed separately each quarter. We include the annual change in this amount because it captures changes in the value of non-insurance associates and market traded consolidated holdings that are not reflected in reported earnings. We examine two five-year periods: 2016-2020 and 2021-2025. Warren Buffett has long recommended evaluating management over periods of at least five years. Five years is long enough to judge capital allocation while smoothing much of the year-to-year volatility in investment results. Estimated economic investment return is calculated by dividing economic investment earnings by average investment assets. It is not intended to measure the time-weighted return of a securities portfolio. Rather, it estimates the earning power of Fairfax's investment business. Part 2: Historical Performance 2016–2020 Average annual economic investment earnings: $1.44 billion Estimated average economic investment return: 4.0% This was a difficult period. Ultra-low interest rates depressed fixed-income yields. Equity performance suffered from hedges, short positions and several disappointing investments. Even so, Fairfax generated positive economic investment earnings. Net investment gains were the largest contributor, helped by the sales of First Capital and ICICI Lombard. Chart 1: Economic Investment Earnings Generated by Fairfax's Capital — 2016–2020 2021–2025 Average annual economic investment earnings: $5.44 billion Estimated economic investment return: 9.0% The environment improved, but so did Fairfax. Higher interest rates materially increased interest income. The equity portfolio performed much better. Earnings from associates increased significantly. Fairfax also realized substantial gains from asset sales, including its pet insurance business, Resolute Forest Products and Stelco. Just as importantly, the composition of investment earnings improved. Fairfax became less dependent on investment gains, with a much larger share of earnings coming from recurring sources such as interest income and operating earnings from associates and consolidated companies. The important point is that Fairfax did not simply earn more because its investment portfolio became larger. It earned a substantially higher return on that larger capital base while improving the quality of those earnings. Chart 2: Economic Investment Earnings Generated by Fairfax's Capital — 2021–2025 Part 3: A Normalized Estimate The historical analysis is fact-based. The normalized estimate is our assessment of Fairfax's earning power over a normal investment cycle. Actual results will vary from year to year. The objective is not to predict next year's earnings but to estimate what Fairfax's investment business can reasonably be expected to earn over time. The 4.0% economic investment return earned during 2016-2020 understates Fairfax's current earning power. Conversely, the 9.0% return earned during 2021-2025 likely overstates what investors should expect over a full investment cycle. Fairfax benefited from recovering valuations in several major investments—including Eurobank, the Total Return Swap and Poseidon—that were unusually depressed at the end of 2020. At the same time, Fairfax enters the next investment cycle with a much stronger investment business. Management has continued to upgrade the quality of its investments, and the intrinsic value of a number of businesses has likely increased materially. As those businesses continue to execute—and are eventually monetized—more of that value should be reflected in reported investment earnings. BIAL and Ki are two likely examples. Balancing these considerations, we estimate Fairfax's normalized economic investment return at approximately 7.8%. Applied to a $77 billion investment portfolio, that equates to approximately $6.0 billion of annual economic investment earnings. This is not a forecast. It is our estimate of Fairfax's normalized earning power. Chart 3: Historical Economic Investment Returns and Normalized 2026 Estimate Is 7.8% Reasonable? A second approach reaches a similar conclusion. Approximately $50 billion of Fairfax's investment portfolio is invested in fixed income. Assuming a 5.0% return generates approximately $2.5 billion of annual investment earnings. The remaining $27 billion is invested in mark-to-market equities, associates, consolidated companies and other investments. To generate the remaining $3.5 billion of annual economic investment earnings, these investments would need to earn approximately 13.1%. Chart 4: Building the Normalized Return Estimate Importantly, this is not simply an assumed return on Fairfax's equity portfolio. It also reflects value created through Total Return Swaps, opportunistic asset sales and other capital allocation activities that are integral to Fairfax's investment business. A 13.1% return is a demanding hurdle, but not an aggressive assumption given Fairfax's long-term investment record and the composition of today's investment portfolio. The strongest supporting evidence, however, comes from Fairfax's own history. As management highlighted at the 2026 AGM, Fairfax has earned an average return of 7.7% on its investment portfolio since inception. Our normalized estimate of 7.8% is therefore remarkably consistent with the company's long-term investment record. Source: Fairfax management presentation, 2026 Annual General Meeting. Part 4: Conclusion Fairfax's investment results tell a clear story. From 2016 through 2020, the company underperformed. From 2021 through 2025, it generated an estimated economic investment return of 9.0% per year—an exceptional result. Higher interest rates contributed to the improvement, but they do not fully explain it. Fairfax's investment business is stronger, recurring investment earnings have increased significantly and management has continued to allocate capital with discipline. Looking forward, Fairfax has never been better positioned. Never before have its insurance operations, investment business and capital allocation function all been operating from positions of such strength at the same time. That is why we believe our normalized estimate of a 7.8% economic investment return is mildly conservative. Even at that level, Fairfax appears to enjoy a meaningful structural advantage over traditional property and casualty insurers, whose investment portfolios remain invested primarily in fixed income and therefore generate materially lower returns. That advantage is amplified by Fairfax's capital structure. The company finances its investment portfolio with shareholders' equity, insurance float and debt, creating an investment portfolio approximately 2.85 times larger than common shareholders' equity. Superior investment returns earned on that larger capital base translate into higher returns on equity. Combined with profitable underwriting and disciplined capital allocation, this remains one of Fairfax's most important long-term competitive advantages. Methodology Note The economic investment return estimated in this article is not a conventional portfolio return. Our objective is to estimate the economic earnings generated by Fairfax's investment business as it operates today. A conventional portfolio return measures the performance of a portfolio of marketable securities. Fairfax's investment business is much broader. It creates shareholder value through fixed income, public and private equity investments, associates, consolidated companies and a wide range of capital allocation activities. For example, gains from the Total Return Swap, the IPO of Digit and the sale of an insurance business all contribute to shareholder value and are therefore included in our estimate. IFRS accounting also affects how these activities are reported. For example, changes in the fair value of Fairfax's fixed-income portfolio flow through investment gains and losses, unlike under U.S. GAAP for most property and casualty insurers. For these reasons, we estimate the economic earnings generated by Fairfax's investment capital and express those earnings as a percentage of average investment assets. We believe this provides a better measure of the earning power of Fairfax's investment business than a conventional portfolio return. Like any estimate, it has limitations. We partially bridge one important gap between accounting earnings and economic earnings by including the annual change in the excess of fair value over carrying value. Even so, our estimate does not capture all of the value created by Fairfax's investment business. In particular, increases in the intrinsic value of privately held investments generally are not recognized until they are monetized. As a result, Fairfax's reported investment earnings have likely understated the economic performance of its investment business over time. As these investments mature and are eventually monetized, more of that embedded value should be reflected in reported earnings, providing a tailwind to future investment results. Additional Notes Net Investment Gains Our measure of net investment gains combines three reported items: Realized and unrealized investment gains and losses Gains from the sale or deconsolidation of insurance subsidiaries Losses from repurchasing long-term debt Including insurance asset sales broadens the analysis beyond a traditional investment portfolio. We believe this is appropriate because acquiring, improving and ultimately monetizing insurance businesses has been an important part of Fairfax's long-term capital allocation strategy. Chart 5: Net Investment Gains — Including Insurance Asset Sales Excess of Fair Value over Carrying Value Publicly traded associates and consolidated holdings are carried on Fairfax's balance sheet at carrying value rather than fair value. At December 31, 2025, the excess of fair value over carrying value was approximately $3.1 billion, driven primarily by Eurobank. The annual change in this excess provides a partial bridge between accounting earnings and economic earnings by capturing value created during the year that would otherwise not be reflected in reported results until those investments are monetized. Chart 6: Excess of Fair Value over Carrying Value

Article #5 in our 6-part series. Tracing the DNA of Fairfax’s Investment Philosophy The Ideas That Shaped an Organization Fairfax's investment philosophy did not emerge fully formed. Like most successful organizations, it developed over decades as new ideas were adopted, refined and incorporated into the way the company invests, allocates capital and operates. Fairfax has never published a definitive account of these influences. Any attempt to reconstruct its intellectual history therefore involves some interpretation. Nevertheless, Prem Watsa's annual letters, public comments, long-standing relationships and the backgrounds of Fairfax's investment team provide important clues to the origins of the company's investment philosophy. At its core, Fairfax's philosophy appears to be a synthesis of ideas drawn from some of history's greatest investors and capital allocators. Although these influences are often discussed in the context of the company's equity portfolio, they extend much further. Together, they form a decision-making framework that can be seen across the insurance business, the fixed income portfolio, the equity portfolio, capital allocation decisions and the way Fairfax itself is managed. Benjamin Graham: The Foundation Every philosophy needs a foundation. For Fairfax, that foundation is Benjamin Graham. Prem Watsa's introduction to investing came early in his career at Confederation Life, where his manager had him read Security Analysis. The experience had a profound impact. Prem has often acknowledged Graham's influence and even named his son Ben after him. Importantly, Graham's influence extended well beyond Prem himself. Many of the original members of Hamblin Watsa—including Tony Hamblin and Brian Bradstreet—also came from Confederation Life, where Graham's principles formed the foundation of their investment training. Fairfax's investment culture therefore began with a team that already shared a common intellectual framework. Hamblin Watsa started life in 1984 as a classic Graham value investing firm. Intrinsic value, margin of safety, balance-sheet strength, independent thinking and buying securities for substantially less than their estimated worth became part of the firm's culture. Everything that followed was built on that foundation. Warren Buffett: Building a Better Business Model Benjamin Graham taught Fairfax how to invest. Warren Buffett demonstrated how to build a business around investing. According to Fairfax: The First 25 Years, fellow Canadian value investor Francis Chou introduced Prem Watsa to Berkshire Hathaway's use of property and casualty insurance float as an investment engine. Rather than managing only shareholders' capital, an insurance company could invest both shareholders' equity and insurance float, creating a much larger investment portfolio capable of compounding over long periods. That insight changed the trajectory of Fairfax. The company's investment philosophy remained rooted in Graham's principles, but its business model increasingly resembled Berkshire Hathaway's. Fairfax expanded into property and casualty insurance, adopted a decentralized operating structure, centralized capital allocation and focused relentlessly on increasing long-term per-share value. Buffett did not replace Graham. He demonstrated how Graham's investment principles could be embedded within a business model capable of compounding capital over decades. John Templeton: Expanding the Opportunity Set If Buffett showed Fairfax how to build a better business model, John Templeton broadened its investment opportunity set. Templeton was more than an admired investor. He was both a Fairfax shareholder and a long-time friend of Prem Watsa. Those relationships help explain why Templeton's ideas appear repeatedly throughout Fairfax's history. Templeton believed investors should think globally, think independently and buy when pessimism is greatest. He argued that the best investment opportunities usually emerge when fear has driven other investors away. Fairfax has repeatedly demonstrated those same characteristics. Whether investing in emerging markets, distressed economies or industries temporarily out of favour, management has consistently shown a willingness to act when consensus has become overwhelmingly negative. Templeton expanded Fairfax's opportunity set without changing its discipline. Like Graham, he believed fear often creates the largest gap between price and value. Henry Singleton: Capital Allocation Without Constraints If Graham shaped Fairfax's investment philosophy, Henry Singleton appears to have shaped its capital allocation philosophy. Prem Watsa has referenced Singleton numerous times over the years, particularly when discussing share repurchases. Singleton viewed capital allocation as a rational exercise rather than an ideological one. Shares could be issued when expensive and repurchased when undervalued. Debt could be used when appropriate. Businesses could be acquired, sold or restructured whenever doing so increased long-term per-share value. Equally important, Singleton relentlessly optimized his businesses. Stronger operations generated more cash. More cash created additional opportunities for intelligent capital allocation. That philosophy is evident throughout Fairfax. Management has employed virtually every capital allocation tool available—share issuance, share repurchases, debt, partnerships, acquisitions and divestitures—provided management believed the decision would increase long-term per-share value. At the same time, Fairfax has spent the past decade strengthening its insurance operations, improving underwriting profitability and increasing the amount of internally generated capital available for reinvestment. Like Singleton, Fairfax appears to view both capital allocation and operational improvement as continuous optimization processes rather than fixed sets of rules. Phil Carret: An Evolving Definition of Value Investment philosophies do not stand still. One of the more interesting developments in recent years has been Prem Watsa's repeated references to legendary investor Phil Carret. Carret believed exceptional management was one of the most important determinants of long-term investment success. That emphasis increasingly appears in Fairfax's investment portfolio. Valuation remains central to the investment process, but management today places greater emphasis on partnering with exceptional entrepreneurs and management teams, investing in financially strong businesses and identifying companies capable of compounding capital over many years. The evolution is subtle rather than revolutionary. Fairfax has not abandoned Graham investing. Instead, its definition of value appears to have broadened to place greater emphasis on business quality, financial strength and management quality. Peter Cundill: Carrying the Philosophy Forward Peter Cundill was one of Canada's most accomplished value investors whose investment approach was firmly rooted in Benjamin Graham's principles. He emphasized rigorous research, balance-sheet strength, international investing and disciplined risk management. Both Wade Burton, President and Chief Investment Officer, and Lawrence Chin, Chief Operating Officer of Hamblin Watsa Investment Counsel, spent part of their careers at Cundill's investment firm before joining Fairfax. Cundill did not shape Fairfax's investment philosophy; that foundation had already been established. However, through Burton and Chin, his investment approach has become part of the next generation of leadership responsible for allocating Fairfax's capital. Their backgrounds suggest that Fairfax's investment philosophy will remain firmly rooted in Benjamin Graham's principles, even as it continues to evolve. A Distinctly Fairfax Philosophy Fairfax's investment philosophy is best understood not as the work of one investor, but as an evolving synthesis of exceptional ideas. Benjamin Graham provided the intellectual foundation. Warren Buffett demonstrated how an insurance company could become a long-term compounding machine through insurance float, decentralized operations and centralized capital allocation. John Templeton expanded Fairfax's opportunity set through global investing and independent thinking. Henry Singleton shaped Fairfax's approach to capital allocation and operational optimization. Phil Carret broadened the firm's understanding of value by emphasizing management quality. Peter Cundill helped carry Graham's principles into the next generation of Fairfax's investment team. The relationships behind these influences are as important as the ideas themselves. Graham's principles came through Confederation Life. Buffett's business model was introduced by Francis Chou. Templeton was both shareholder and friend. Singleton's writings have been cited repeatedly by Prem Watsa. Carret's influence has become increasingly evident in recent years. Cundill's legacy continues through senior members of Hamblin Watsa. Taken together, these influences explain far more than Fairfax's equity portfolio. They provide a framework for understanding how the company thinks. Whether evaluating an insurance acquisition, managing the fixed income portfolio, selecting equity investments, allocating capital or strengthening its operating businesses, the same underlying principles appear repeatedly. The result is not a replica of Graham, Buffett or any other investor. It is a distinctly Fairfax philosophy—one that has continued to evolve while remaining firmly anchored in the principles on which the company was founded.

Article #4 in our 6-part series. Fairfax’s Investment Platform Comes of Age – Wade Burton Wade Burton’s comments on Fairfax’s Q1 2026 conference call provide a concise summary of how the company invests today—and how far its investment platform has evolved. Five themes stand out. 1. A simple but powerful investment framework Whether Fairfax is evaluating a public company or a private business, the underlying process is the same: Understand the company’s true economic profits and profit potential. Determine where those profits are going. Assess the balance sheet and its flexibility. Evaluate management. Consider the price being paid. This is Fairfax's investment philosophy in remarkably compact form. The framework is fundamentally value-oriented. Fairfax seeks profitable businesses with strong balance sheets and capable management, but valuation remains central. A great business is only a great investment if purchased at the right price. 2. Public and private investments each offer distinct advantages Public markets provide two important advantages: liquidity and the ability to exploit market volatility. When Mr. Market becomes unusually pessimistic, Fairfax can move quickly to buy attractive businesses at discounted prices. When markets become overly optimistic, Fairfax can reduce or exit positions and redeploy capital elsewhere. Private investments offer something different: control. Fairfax can select management, allocate capital, determine whether cash flows should be reinvested or distributed, and support long-term value creation without the short-term pressures of public markets. The ability to invest across both public and private markets materially expands Fairfax's opportunity set. 3. Fairfax can allocate capital wherever value is greatest This flexibility allows Fairfax to remain opportunistic rather than being constrained by a particular asset class. That is especially valuable today. With public equity valuations elevated, Wade notes that Fairfax is finding fewer "fifty-cent dollars" in the stock market. At the same time, attractive opportunities have emerged in private markets, including Sleep Country, Kennedy Wilson and Peller Estates. Fairfax does not need to force investments. Capital can be directed wherever the combination of business quality, valuation and expected return is most attractive. Size also works in Fairfax's favour. Despite managing a large investment portfolio, the company remains small enough to move efficiently into and out of opportunities while making investments that are meaningful to overall results. 4. The equity portfolio now reflects Fairfax's broader operating philosophy Wade's comments also help explain how Fairfax's equity portfolio has evolved. Fairfax increasingly partners with capable management teams and gives them the autonomy to run their businesses. This mirrors the company's decentralized operating model. The objective is not to manage businesses from Toronto, but to partner with talented operators who can create long-term value. The emphasis on "true economic profits" and where those profits are going is equally important. Across Fairfax, there has been a growing focus on improving operations, increasing sustainable cash generation and allocating capital where it can earn the highest long-term returns. Fairfax's reputation strengthens this approach. Forty years of fair and friendly transactions, combined with permanent, no-call capital, makes the company an attractive long-term partner for entrepreneurs and management teams. 5. Hamblin Watsa has built the team for the next stage Perhaps the most important part of Wade's comments concerns people. Over the past 10 to 15 years, Hamblin Watsa has quietly built a deeper team of experienced decision-makers with expertise across both public and private markets. The parallel with Fairfax's insurance operations is striking. Just as Andy Barnard spent years strengthening the insurance platform, Hamblin Watsa has been strengthening the investment platform. Wade's phrase—"especially important now"—deserves emphasis. Fairfax is far larger than it was 10 or 15 years ago. Its investment portfolio has grown dramatically, its operations have become increasingly global and the company is generating substantially more capital to deploy. The opportunity set has expanded accordingly. The significance of Wade's comments extends beyond Fairfax's current portfolio. They explain why the company is positioned to allocate capital more effectively in the future. Markets will change. Opportunities will change. Fairfax's competitive advantage is that it has built an investment organization with the flexibility and capability to adapt—and to act decisively when exceptional opportunities arise. Wade Burton — Fairfax Q1 2026 Conference Call “… I thought it would be a good quarter to give a discussion about how we look at investments in publicly traded common stocks versus investing in private companies. The underlying process is the same. - We work to uncover true economic profits and/or profit capacity. We think about where those profits are going. - We focus on balance sheet and balance sheet flexibility. - We think about the price we pay for those profits. The same underlying process for both public and for private. - In both cases, we know management is a key factor. As Buffett pointed out, a great manager can’t save a leaky boat, but what we have learned is that they make a huge difference paddling boats that do float. The advantages of buying public common stocks is: 1. the ability to capitalize on the moods of the stock market and 2. liquidity. The ability to enter and exit an investment quickly is a good thing. The advantages of making direct investments in private companies is we control the profits. That is, we can choose to reinvest the profits in the businesses we’ve invested in, or we can take the profits out and invest them elsewhere. In general, the flexibility to invest in either public or private companies is a huge advantage for us. It allows us to be opportunistic, agnostic, and truly seek the best possible investments. For example, today, with the Shiller PE at all-time highs, you would not expect we’d find a lot of fifty cent dollars in the stock market, and we aren’t. We have been able to make outstanding acquisitions on the private side, including Meadow Foods, Peak Achievement, and Sleep Country. We have the advantage of a history of being terrific long-term partners. 40 years of fair and friendly transactions with a long line of very happy partners, along with permanent no call capital, makes us an attractive home for many companies. To do all of this well takes a skilled and focused investment team, and I’m so proud of the team we’ve built over the last 10 or 15 years. Our people are decision-makers. They are analysts and value investors. We have skilled defensive players and skilled offensive players. All have experience in public and private investments. You know, having the independence to make decisions is so important, and they’re all doing it. We call them in where we need them on the bigger investments. With that, it is amazing to watch them come together as a group. Having this team in place is especially important now, given how big and globally spread out we are and how big we hope and plan to be in the next 50 years.”

I personally see willful ignorance as a major source of evil. The idea of standing firm in the face of reason has led to endless amounts of human suffering throughout history. It's especially sad because those who are willfully ignorant may not themselves be evil, but their ignorance fuels the powers of evil. It feeds off of them like a parasite to the growth of humanity. Read people. Your logic and reasoning are only as good as the data that you feed into it. Just because we live in an age of endless information, does not mean that all of that information is true and/or valuable. It is a skill to efficiently wade through this informational mess we've created.

What do you believe are Trump's greatest strengths? What are his greatest weaknesses? He is a human after all, so it a requirement that he must have at least some.

Probably not on the same level as all the other books discussed here, but an easy daily read is the daily stoic by Ryan Holiday. I liked to reach it each night, and then reflect on that night's reading. On the Shortness of Life: Life Is Long if You Know How to Use It (Penguin Great Ideas) was a good read as well.

Applied philosophy today in America:

- Meditations by Marcus Aurelius - and The Republic by Plato I think reading The Republic could be especially important today given the current political situation. The author of The Republic, Plato, was a student of Socrates in ancient Athens. Those men were brilliant beyond words. Politics to those two, later including Aristotle and even Alexander the Great, seemed almost akin to applied philosophy, which is interesting.

It almost makes you wonder how these idiots keep getting promoted to make these types of decisions when anyone who has attempted to use AI to vibe code anything could have probably foreseen to his outcome... AI may get there in the future. But as a user of it (including premium versions), I've largely been disappointed with just about every application of it. NotebookLLM has been the most useful to me personally, but is still rife with frustrations where I'd think twice about paying for it.

I agree with you - but even besides that the Biblical book of Proverbs is clearly exceptional wisdom whatever your religious beliefs happen to be.

Oh yea man I enjoyed those more than the episodes sometimes. Beavis and Butthead would watch these weird music videos and make sarcastic remarks that were sometimes pretty insightful and witty I come to this place instead of a place like a forum for, lets say futures traders because I've found those places are filled with guys who inevitably fight about who made more money - how many points did you take off ES today, what's your P/L for the month, blah blah - while 99% of them never make any money consistently and good chunk of them blow up their accounts, which is hilarious and sad at the same time. Sure value funboys talk shit too but at least you guys make money - and it comes down to how good your risk adjusted returns were for the year, etc.

yeah i have to agree with you on Poor Charlie’s Almanack - i’ve given away several copies to young people.

Tsk, tsk - so many TDS victims. Definitely love the silly comments about Trump being an “Authoritarian” - yup , just like the powers bestowed upon him by the voters & constitution. Board in need of a US Civics class.. in the meantime, Trump will continue to obliterate Iran after showing extreme patience and tremendous bravery in a needed event that may seal his midterm defeats. Unless of course, he continues to expose both voter fraud and more looting of the US Treasury, at the hands of the Democrat lunatics, who continue to lose out to their growing Commie base. Its so much fun to read the lame brain comments of a party without any political power.