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@Sinbius I should have been more clear. I think this section was insightful - as we have tons of people, who have opportunity, but choose NOT to work because of INCENTIVES and therefore DO NOT build significant wealth. We see it in our big cities - living in Chicago I have seen it for years. IF the government will give me the basic things, I have plenty to eat, healthcare and a place to live - why work.

That's a very bad take. ChatGDP answered 48% to the question "what percentage of Americans work full time?" because it was looking at the entire U.S. population rather than just active workers... The real answer is about 82% of all employed workers in the United States work full time...The remaining 18% work part time..

@John HjorthAnd don't ask me about Danish politics, cause I could not tell you a thing!

We do it because you are a great member here John!

John, if you ask me, you suffer more from the TDS displayed daily on this site and particularly in this thread. Just saying....

Thank you, Mike [ @cubsfan ] and @73 Reds, It's very educational to read your posts, for me personally. I learn a lot from them. I obviously suffer from home bias as Northern European citizen.

This is a very good take.

These models, Trump got the Benito Mussolini dance perfected, are not complicated. They work; they manipulate; they empower; they entertain; his is endlessly one stop shopping for all knowledge about all things. Watch Trumpers gather to tell you this is the norm. It is!

John, US politics has always been dirty. This has been the Democratic playbook since Trump announced his first candidacy; why is it only now more risky or problematic when Republicans use the same strategy? It is an issue when folks start believing that what is good for me is not good for thee. In fact that is what led to the rise of Trump.

John - respectfully - every American election is dirty and nasty. How much dirtier can one party get than trying to put the leading Republican in jail for 350 years? Within weeks of Trump announcing his run for President - 5 lawsuits were launched against Trump. 7 states tried to pass laws barring Trump from being on their states ballots. Jack Smith, the henchman for Merrick Garland, US Attorney general - spied on 20 senators and hundreds of supposed Trump aids/friends. Did your Danish journalist acknowledge even ONE of those historical acts??? Much of Trump winning this past election is BECAUSE Americans could see this wholesale campaign to JAIL their Republican choice from being President.

Yeah, you can invest in US companies from anywhere now. The whole world does if that tells you anything.

I didn't watch all of this, but flicked through the episode. Is his 90% show about politics and Trump normally?

Today, I have read an article by Danish correspondent Christian Bigum, Danish news media Jyllandsposten : JP.dk - International [July 21st 2026] : Behind closed doors, Trump's party allies reveal a new, ugly strategy: The midterm elections must be won with "hate" Subtitle : It looks like it will be an extremely dirty election campaign leading up to the midterm elections in the United States on November 3. On the part of Trump's Republicans, this is completely deliberate. The risk is great. But so is the potential gain. [Partly subscription protected]. - - - o 0 o - - - You've got to to be kidding me, if this is the actual state of the union. - - - o 0 o - - - It happens from time to time, occationally, when I see photos of POTUS, then a chill runs down my spine and my neckline bristles. It happened with this photo of POTUS applied in the article : These eyes simply give me the creeps.

Mike [ @cubsfan ], That's a fact. -I'll give you that, -and it's a disgrace for Spain, actually. But that does not provide basis for POTUS to speak publicly about Spain this way, as I've posted above. It should get dealt with behind NATO closed doors, with the NATO Secretary General at the table end. - - - o 0 o - - - Could it - one way or another - have to do with the Strait of Gibraltar could become a 'strategic strait' the same way as the Strait of Hormuz?

i mean ffh is 8x

Each day Trump takes his tag along's to a new level of joy. The more delusional the better; anything flies as long as it is Trump saying it. The subject matter, the words, the ideas? They are all flexible, literally open ended. Trump takes his tag along's anywhere he wants. You are with him or not, that's it. Nothing else, silly stuff like reality, matters. He's been successful at this for 60 years. And he sells like hot cakes to all media. Glory be to The Donald!

In any part of the world if you save and invest well you'll do great... The typical U.S. household holds a median of $8,000 in savings and checking accounts. However, about 24% of adults have zero emergency savings...

Thank you. It is a bit of a mystery. Putting aside the fact that it was still behind France, UK ,Italy, Spain etc...it is a too much big step... In theory: According to the UBS Global Wealth Report, the decrease in U.S. median wealth was driven by a methodology shift adjusting for cumulative inflation, combined with an intensifying K-shaped economic divide. While surging asset prices increased wealth for the top tier, the median household's net worth compressed due to inflation and a lack of significant stock market exposure. Not a satisfying explanation...I am reading to figure it out...a major data correction and methodology update...(...it was adjusted for a cumulative 20% inflation from 2020 to 2025...still doesn't add up...)

Thank you, Sanjeev [ @Parsad ], HaHa, - Jon Stewart is just awesome! - I get good laugh every time and I see and listen to him!

Actually, the biggest leech in NATO isn't any single country...it's DJT! Crook, leech, criminal, sex pervert, narcissist, liar...you name it, he sucks it! Cheers!

Cubs will have an excuse for everything mentioned in here! Cheers! Trump's Meritocracy:

Thanks for this, seems a very full price on recent numbers. So one can only conclude they see a path to $150m +in EBITDA. COVID obviously compressed sales, so in recent years they will have been suffering through a “COVID hangover.” Through cycle I am sure Schaeffer will make it work (quick and dirty IRR based on 55% FCF conversion, exit multiple 6x’s EBITDA) Sales & EBITDA over the last 7 years.

To evaluate Fairfax’s performance today, I like to use 5 years. Because I think we now have 5 years of relatively ‘clean’ results/history. The challenge is a fair bit of stuff is happening under the hood and is not captured in the accounting results. Some of it gets picked up by excess of FV over CV. But there is more than that. On leverage, I think the preferred shares are mostly gone, replaced with debt. Their bond portfolio is very conservative… mostly government debt (85%?). No private credit at all. Very different from P/C insurance peers.

Where on bloody earth do you get that most Americans are not doing well? If you exclude those who either became seriously ill or had someone in their immediate family become seriously ill, what % of people who acquired useful skills, worked hard, lived within their means and invested their savings did poorly? And no, someone who went to Columbia and got a degree in gender studies and now can't get a job does not qualify.

Anyone buying or currently have a position in a company that Is trading at <6x FCF or Earnings? Thanks