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Trump dominates your thoughts just like the rest of us. You don't have to be a dick.

I think they claimed 6+ by this summer/fall, not 9. I forget when we had 9. They must’ve too As I’ve said all along 3-4% is nothing warranting any material portfolio adjusting, and generally speaking, probably the sweet spot for a lot of businesses and the economy

You still haven't answered a simple question(?)

Lmfao sorry I had some spare time and out of boredom responded rather than ignoring you like usual. But anyway, what percentage of your posts involve Trump, me or cubs? I’d probably take the over at 90%. How long have you been a member here and outside of an occasional pity engagement from @John Hjorth, does anyone care about or value ANYTHING you have to say? What would you say you contribute here? You offer nothing of value on anything, and only like a child, bitch about the exact same things that really have nothing to do with why one would participate on an investment board. How do we know what you’re referring to? Because that’s the only thing you do lmfao. So maybe I’ll ask you, based off the above, at best you resemble a forum gnat. Do you deserve anything other than to be ignored or mocked? Anyway, have a nice day little boy.

....yes. Gold came out of the ground backing currencies and that's what gives it value. Or biblical societies were directed by God to mine it and that is what gives it value in 2026. /Sarcasm I'm not even certain its correct to characterize this as a "second order question", but obviously the above is ridiculous and you haven't stopped to ask yourself why gold had value, why biblical societies used it, how the world collectively landed on it's use independently of one another and how it ended up backing the USD to begin with. But that's ok. You don't care about stores of value or economic theory or why it's important to have a stable money - so probably not worth your time to ask those questions.

They have mentioned it but definitely less than BRK and FFH. The Q1 2010 earnings calls has specific commentary in the Q&A on float growth, leverage, and equity allocation and its worth reading. Generally they have prioritised a higher allocation of equities in the book than higher investment leverage. They will do better than Fairfax in a zero interest rate environment all else equal but Fairfax is much better positioned in the current environment. Here are some of the instances using AI re their mention of float: 1. Status update presentation — "More float, more earnings power" Andrew Crowley (President of Markel Ventures) explicitly tied float growth to earnings power compounding: > "During the same timeframe, operating cash flows exceeded operating income by $5 billion, mostly due to the power of increasing insurance float. More float, more earnings power." The accompanying investor presentation slide also frames growth in float as one of several distinct levers for increasing earnings per share over time, alongside Markel Ventures, public equities, and share repurchases. 2. Q3 2023 earnings call — maximising investment return on float Jeremy Noble (President of Insurance): > "The insurance engine also continues to generate significant operating cash flows, and we have been intentional about taking the cash and maximizing the investment return on the float generated by our underwriting operations and attractive market yields." 3. Q1 2022 earnings call — the float spread as the core economic model Richie Whitt (Co-CEO) articulated the fundamental spread model clearly: > "We're making a spread of return between the positive yields on the bond portfolio and the negative cost of float that we get through underwriting profitability. And as long as we keep that spread a positive number, things add up to the good over time."

Shit, we don't have a 9% inflation print like we did under the Biden shit show. What else is there to say?

Sheesh! 1. Who said I was referring to you? 2. On a quiet board, you jump on to accuse me of stalking you within 20 minutes of my posting. Who is stalking who? 3. You also seem to have some sort of gay thing going on, what is that all about? You repeatedly refer to gay people by derogatory names so it seems to be a touchy subject with you. Self reflection? For the record I am straight, since you seem to be interested. Sorry dude. 4. "posts about Trump nonstop on an investment board" ?? There have been 26,600 posts on this subject and I would suggest that the majority of posts refer to Trump and you are likely one of the top posters. 5. Your obsession with justifying Trump and his cronies must be frustrating you to the point of distraction from reality. 6. Are you having trouble raising grocery money or something? Obviously I must have hit a nerve.

That's a cop out for Europe. You can criticize the USA all day long, but not the other way around.

I disagree with the whole premise. Gold has other uses. It has biblical context. It has historical context. Our currency was directly backed by gold for a long time. It is pretty to look at and to wear. BTC has none of that. The term "store of value" is a convenient slogan for people who support BTC. Otherwise it is meaningless in the context of investing. Desperate people in less-than-free places might want it which is hardly an investment thesis I'd choose to adapt. Posters (one at least) here on this board complain about current means of payment and transmission of funds but don't even try to employ BTC. How long does it need to exist before that happens? Why is it not widely accepted as payment? There is hardly anything I would choose to do requiring payment that would accept BTC. Having to convert it to the terrible dollar you all hate defeats the purpose. Some day we'll have a widely accepted digital currency with proper backing; BTC ain't it.

Lmfao the “big inflation” surge predicted was a, drumroll…massive surge to…3-4% almost entirely driven by temporary rise in oil prices. Friggin guy obsessively stalks me and posts about Trump nonstop on an investment board…hope you had fun celebrating pride month, clown.

Where did our regular poster go that was so adamant that there would be no inflation this year under Trump and mocked anyone who disagreed? Haven't seen him posting much lately. Guess he doesn't buy groceries. Course Trump supporters seem to have a different definition of "groceries". Trump: "GROCERIES" "Who uses the word?" "I won on groceries. Very simple word, groceries. Like almost, you know, who uses the word. I started using the word. The groceries. When you buy apples, when you buy bacon, when you buy eggs, they would double and triple the price over a short period of time." December 8, 2024 ... and Trumpers don't think the man is out of touch with reality? As I have said several times here, It is irrational to think that having a bunch of billionaires running the country will have the average tax payer's best interests at heart.

Reminds me of how California cancelled Algebra for the same reason... Race in the Western World who will become dumber while China is laughing at us. Thank God for ayatollahs in Iran and communists in China & Putin & co in Russia that drive best and brightest out to the West.

Basically it is always better to mend your own faults, than to criticize other peoples/nations faults.

VAR and hydration breaks are causing too much disruption to the game. I'd love to see them experiment with team challenge concept similar to NFL. If a team fails a challenge to reverse a call, then the other team take a free kick from a set spot outside of penalty box. The referees on the fields rely too much on VAR and are scared to making any calls. And the only 4 worst second place finishers should face group winners. Morocco shouldn't have play Germany in round of 32.

“who cares about a store of value?” Some people do. Gold has been used as such for a LONG time. Even today central banks hoard it. The BTC thesis is simple. BTC is going to largely replace gold as the preferred store of value (by people who care about a store of value), because it is superior in almost every way. On the way to stealing gold’s monetary premium it will increase in value significantly. And do to its deflationary nature it can take a lot of the bond/yield markets eventually too. You can disagree with this prediction, but I’m not really sure why people get so worked up about it. If I’m wrong I’ll lose about 1/3rd of my net worth (between BTC and MSTR), but I’ll be fine. However, if I’m correct…

Unless you cross the threshold for harassment or inciting violence. Anyways we probably should go back to the topic of this thread.

‘Hate speech’ is permitted in the US though.

You can definitely criticize anything and anyone but you cannot denigrate other people doing so nor doing hate speech. The later isn’t allowed in the USA either. I agree that politicians have abused these protections do lawfare on people criticise them but that looks like it’s now exposed and likely will cease. We should wore more about our own issues. Voter suppression, Gerrymandering, freedom of press and unfettered corruption just to name a few.

If cherry picking is the issue, that’s one thing. We have that in hockey and it’s called the blue line. There was also for a time a ban on two line passes. What I saw last night was disgraceful. The Croatia goal unacceptable. But even prior, the Ronaldo goal, it’s not cherry picking if they have to go to slow motion and draw an imaginary line where the two players are exactly even except for one guys right hand! Next time I’ll just watch baseball….

What do you know about to which extent and about what I communicate with politicians,at municipipality, region and state? Nobody here where I live is asking me to shut up, dragging me to court! And I have no debt, that anyone can buy to press me in my belly butt! Germany is Germany, and we should all respect what Germans decides for them selves, based on Germanys own background, history and culture. It's your i.e. '<German> to <European>' projection, with no basis posted by you at all, in almost all your posts here, I'm objecting fiercely against. - - - o 0 o - - - To bent it neon : Why the f**ck can't you meet thy sisters and brothers in Europe in eye-height, in stead of pecking on them all the time? - It's simply sick to me.

Here is the short version of German soccer game:

Yes. You cannot criticize immigration policies in the UK. That's antithetical to Free Speech. The whole point of Free Speech is to allow challenges to government & power. That's why it is a bedrock of true democracies. Many "democracies" in Europe look like fake democracies.

If you cannot insult politicians or government policies, Europe does not have free speech--certainly not the Free Speech that matters. Europe's restrictions on free speech are autocratic--they are designed to allow the elite class of Europe (Ursula, Lagarde, Brussels gang and Company) to remain in power indefinitely.

LOL. You literally cannot criticize people in power and old retirees are under investigation for calling politicians "idiot" and "Pinocchio" and you are calling it "one specific unsatisfactory thing" when I point out that this occurs while European leaders literally say "Freedom of speech is the foundation of our strong and vibrant European democracy". You are just someone who is easily offended and can't come up with any real arguments.