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I think my age, ethnicity and country of origin are already well known to the members of CoBF. It has indeed been helpful with folks reaching out to me on immigration workflows etc. Since you've given me the free pass to rant about NYC.. Fuck NYC. Four grand a month is a mortgage on a house with a yard in most of the country, a yard where nobody would say a word about you smoking, grilling, or doing whatever you want. In NYC it gets you 400 square feet and a rulebook. Imagine paying $4k/mo + amenities and not being able to smoke on the terrace. I don't smoke indoors as that's something only imbeciles do, but on your own private terrace? Something very wrong with the real estate market. Greg, I thought you were born and raised here 🫨. Learn something new everyday. Punani not getting in any man's way in today's hypergamous, hybristophilic world.

I bought Panthera Resources (PAT - LSE), <1% position, essentially a lottery ticket on the results of their litigation process against India. $70M mkt cap, litigation claim is $1.6B but it will updated since gold price is ~25% higher now than when they filed initially. From what I read, they should have a strong legal basis. They are backed and fully funded by LCM (litigation capital management) who are highly selective in the cases they agree to support and have a good track record. Final hearing in Jan 2027, expected outcome announced by end of 2027. Wish me luck!

My first real job was a 9-month internship with Quantum, a disk drive manufacturer that had since bankrupted (i think the remaining pieces sold to WDC, but not sure). So i think i know a bit about disk drives. Even back then, 20’years ago, seagate is the leader in technology. I remembered no matter what we do, we cant beat seagate in term of “disk seeking speed” (which is how fast the disk head find a data on the disk and read it). In terms of stx vs wdc, the thesis of HDD is they are not spending more money to expand factories. Instead, more capacity will come from per disk density. As stx sells more HAMR drives , price per drive also goes up. There are some YouTube video about how these hamr drive works. Very cool. And a lot of existing drives will get upgraded over time — more cash for stx without additional factories. STX’s hamr technology is very unique and wdc cant do it. Wdc’s current method of increasing density per disk is just adding more disk platters. They are years behind. as the AI being used by more individuals, people already start buying CPU stocks because more cpus will be needed per user. But i think storage will explode too. U need to store those context from everyone’s projects. And Flash memory is so expensive, HDD will be used more (solvable though software optimizations to use flash more efficiently and move more stuffs to HDD)

yeah. I never got the “newfy” thing myself and lived in QC for decades. But I use to hear it in high school as a joke. I never been in St John, maybe it is the undiscovered Vancouver of east coast, without the Chinese money inflow (not expensive) but lots of snow PS: fun fact, we (QC) buy a lot of electricity from Labrador on the cheap (which is part of Newfoundland) and resell to the north east States in the U.S. for massive profit.

Oh look, oil being pumped on a news piece! Hopefully this time people learn that this is speculation bidding up the price...not supply and demand.

@whatstheofficerproblem, Alone the fact that you've now posted your origin here on CofB&F may possibly end up being of tremendous help for you, not that this to be understood as CofB&F are divided into national groups, but it always helps to get to know someone - at least it can'r hurt.

I was in a similar situation starting off...they were technically here, as in location...present, but otherwise not relevant in my life, and it's such a huge advantage getting off the ground. Honestly, the less you have, the more drive and focus there is to go get something for yourself. You're gonna do quite well if you just stay focused. Dont let the punani get in the way either LOL

Haha, ty @John Hjorth. I think a lot of NYC's shortcomings are as much related to the sheer population density as is the politics. Haven't seen a city so packed since I left India.

They have mentioned it but definitely less than BRK and FFH. Tom has something to say about the BRK model, maybe he uses his own words and own framing, instead paraphrasing Buffett? E. g. here, where he writes about the „spread“ in his 2025 shareholder letter. https://s202.q4cdn.com/749045284/files/doc_financials/2025/ar/MKL-12-31-2025_ARS.pdf BTW: I really like the 5 year financial results table in Toms shareholder letter.

@Whensthepaintdry?, Yeah, I remeber that, too, and on Reddit a Q&A is called an AMA [Ask Me Anything]! <John, quite happy & proud to post a material contribution here> - - - o 0 o - - - In short, she lost access to Warren Buffett after the release of 'Snowball'.

any particular reason for STX over WDC or better tech. etc. Tks.

I sincerely wish you the best of luck going forward, @whatstheofficerproblem !, With that said, you're also forgiven to post push back to NYC dirt & trash talk in this topic, which it's over time evolved to become!

The lower loonie is bullish for Canada economy https://www.msn.com/en-ca/money/other/canada-s-trade-surplus-in-may-sharply-up-to-a-four-year-high/ar-AA27oucx Exports to countries other than the U.S. continued to shrink, although at a lower rate in May than April, and imports from non-U.S. countries rose. This widened Canada's trade deficit with countries other than the U.S. to C$7.4 billion in May.

I've personally been holding my breath the last couple of days related to the Ankara NATO summit ... - how would it go, and how would it turn out related especially the relationship of NATO to USA, and here we go - To me personally, it certainly could have turned out much, much more worse than this : NATO - Press Office [July 8th 2026] : The Ankara Summit Declaration - 8 July 2026 - - - o 0 o - - - By now, released about a half an hour ago.

Sorry .... but no trade secrets SD

I am a data science major. I have already been working for a subscale hedge fund out of college, been a year now. Moving to bigger firm now. No family here, moved to this country on my own when I was 19.

You guys really need to think about this more creatively. There are a multitude of ways to hide/conceal/ maintain wealth worldwide without the need for BTC or worrying about "frozen" accounts. It takes planning but evidently some of you really worry about this stuff.

For some of us, there's Bitcoin. For others, there's nature's pocket.

Argentina‘s 2-2 goal commentary.

Security takes you, your family, and all your baggage off the plane. You visit the little sound proofed room, are roughed up, all the family jewellery pulled off you, and your wife and daughters strip searched. Most of your stash now gone, or used to bribe your way out. BTC on the other hand ..... you might give up the seed phrase on a single account, with very little in it. Look stupid, look poor, but walk away still intact. SD

Damn. Your live seems to change rapidly right now. Good for you, congratulations. Liquidia LEAPs, working for a hedge fund, moving to NY. What did you study at university? Do you not have a family? You don´t have to answer if it is too private.

Nice work @Gregmal - makes total sense. I am with @lnofeisone sadly, just seen it too often (god, in Europe we had Wirecard as well, which killed some great managers)

Your reaction is the same as the gnat's. You both need to hit back at each other. Just ignoring people works very well! Cheers!

2025 interview by Alice Schroeder https://www.abc.net.au/listen/programs/the-radio-national-hour/alice-schroeder-warren-buffet/105275112