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Solid football from Canada here, they are not letting Marocco play their game and seems like Marocco doesn't have a good answer yet. Here is where a coach needs to intervene.

I use money-weighted returns. My broker website calculates money-weighted or time-weighted returns. The regulators in Canada have moved more towards investment firms providing money weighted returns, which provide a more realistic return on your account as it takes into account deposits and withdrawals from your account.

Thank you for the gracious wishes from you all, our friends! We just got back from viewing the tall ships and flyovers on the Hudson River. I agree with Spek (and Buffett!).

Very impressive.

I don't calculate returns but every so often consider an approximate net worth. To your point, it is probably worthwhile to maintain different streams of income in retirement that are not necessarily correlated and at least one of which you maintain complete control. Public equities are fine but other than the price you buy and sell, all the control is with someone else.

Happy 4th of July to all! 250 years old...you don't look a day over 150! Mostly happy, sometimes unhappy to be your bullied little brother! But you can't choose family. Cheers!

Do you guys calculate your returns before or after any withdrawals from your accounts to spend, or do you not live off your capital? I find it very different people who have a good side income/salary and invest surplus capital and those who are say retired and living off the surplus capital exclusively or for the most part in terms of how returns are calculated and what matters in terms of return thresholds.

can't a majority of miners delay your transaction long enough to make it effectively censored? also regarding wealth preservation, isn't geographical jurisdiction more useful than btc? For example, isn't it more useful to have a 2nd passport that lets you be at a certain place on the globe than to have bitcoin while you, the user of it, are stuck in one place and/or the person you want to trade with won't accept it?

So good and fun to watch. One of the few games that I watched most of and glad I did. That second goal by Cape Verde was one of the best ones I have ever seen.

I have been lucky to live here for more than 10% of it’s existence and I am convinced the best times still are ahead. Happy 4th of July!

Happy 4th of July to the United States of America!!! Celebrate your 250th birthday!!! The U.S.A. was and is the greatest country in the world!!! Also good luck in the world cup!

Riches in niches. LOL

Tanjine versus Poutine coming up at 13:00 EST . SD

No need to post such like this in Egons [ @EgonKuhns ] USA anniversary topic of today on a day like this: DR - Northern Jutland [July 4th 2026] : Trump should not trump Danish US celebration Honestly : Wtf?! - So, the American Ambassador to Denmark not invited as usual, because of of some boneheads elected to Aalborg City Council now putting ''non-Trump elected' conditions' on a subsidy of DKK 300 K ?! You got to be kidding me! -This is just soo un-Danish towards our most important ally! - - - o 0 o - - - Wikipedia : Rebild Festival Rebild National Park Society

Happy 4th

Ah yes—we all must be wary when populism “exploits” democracy (which is literally Greek for “rule by the People”). Gives this day its true meaning. Happy 4th of July!

Have a nice day!

I am using Chatgpt Pro right now with GPT 5.5 on High thinking mode and i am very impressed by what it brings up. It can create a whole investment thesis in 4-5 minutes that has little holes in it. So yes i am paying. I also developed the prompts for it using the model. Probably an even better value proposition for 20€ per month than any substack subscriptions. The free gemini model is good, but the frontier models are even better Lets see if that leads to better investment performance 1-3 years down the road. I am also more and more impressed by what Copilot is doing inside Visual Studio (i think it was using opus 4.8), yesterday i had a problem in a 10 million line of code base and it fixed a unittest on its own by changing some files from a little prompt that sounded like a crying baby, something like: My unittest is not working, must be something with loading the modules, fix it please and 3 minutes later everything worked.

Happy 4th ladies and gentlemen Big milestone !! Well earned. Keep being the engine of innovation

Happy 4th of July to United States of America!, here especially to all our American CofB&F members and their families!

From my European perspective, you can be rightly proud of what you have achieved in such a historically short span of time, and you can face the future with confidence and optimism. Whenever I have visited the USA or otherwise interacted with Americans, I have been particularly impressed by the willingness to tackle issues head-on. You may not always succeed right away, but ultimately you fight your way through. Driven by the courage, the dynamic spirit, and the mindset of the settlers from your founding days. To create a better future for yourself, your loved ones and the generations after you. Celebrate today, you have every reason to! Happy 4th of July

Democracy is an exercise in populism. I keep seeing populism being framed universally bad. It isn’t. I’m from Europe, and anybody who doesn’t think there are issues with free speech in our continent aren’t seeing straight. You should be allowed to criticise politicans, policies, cultures, immigration, whatever. Everyone agrees there is a line somewhere but we haven’t got it right. In my life time there has certainly been a rolling back of free speech.

Yeah. That is the main problem. And what astonishes and holds me back is that they are doing next to nothing about it. Instead of acknowledging that the era of negative interest rates might be over, they are simply turning a blind eye. There seems to be little will to tackle this or other issues decisively. Instead they just muddle through somehow. A bit like all of Europe, unfortunately. We Germans love our sausage. As in any love relationship, it is sometimes helpful for the peace of mind to consciously avoid looking too closely It’s an interesting idea to use the NBIM as a sort of rough filter. Given the public profile involved, they ought to have a certain incentive to pay attention to the downside risk in their positions.