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I've transferred value on the BTC network on many occasions. But never to dispose of it. The network exists. The transfer protocol exists. The fees are low. The settlement near instantaneous. I didn't wait 90 minutes, pay a $20 fee, nor seek permission to spend my own money when doing it. I don't need Porsche to accept a payment for a new engine to prove that concept for me. It would strengthen the medium of exchange argument of Porsche accepted it, but we're still not there yet... And bears would ignore it even if Porsche did just like you're ignoring it that Ferrari does. People can't even agree that it's a store of value which is still step #1. We're still early and there's plenty of time for it to be adopted as a medium of exchange and unit of account next.

Dude, have you seen my portfolio? You absolutely nailed my strategy.

Your logic makes no sense to me. Either BTC is useful for its intended purpose or it is not. Evidently it is not useful for you. Neither is it for me.

I've long since said it will be 1) a store of a value before it becomes 2) a widely accepted medium of exchange. Secondly, if you believe one money is rapidly becoming worthless and another is gaining in value rapidly, why would you ever get rid of the rapidly appreciating one just to prove a point to anonymous strangers on the Internet who will find a way to ignore it even if you did? 3) Buckeye made fun of Ferrari accepting BTC above as if it isn't an important use case. Here, you're making fun of me/Porsche for Porsch not/me not attempting. Bears don't get it both ways. Either a car company accepting it ilfor a large purchase is a meaningful metric, or is not, but you don't get to use both acceptance and non-acceptance as bearish arguments for BTC use cases

LOL, if you didn't attempt to use it that's on you! You make my point when a BTC advocate complains about the fiat system and doesn't even make an effort to use the very thing he is advocating.

A great parody of the investment psychology people. When I here that stuff I turn it off. Maybe this goes in the blue collar sayings thread but like the country singer says you have got to stand for something or you will fall for anything. Like BRO. Great stock. Great business. Great track record. Valuation cut in half for lots of smart sounding reasons of the moment. You are better off being stupid on that one and just buying a lot. 120 IQ thinking vs 150. I know a lot of people here hate Graham but the essence of winning is still doing the opposite and just buying good stuff because people hate it. If you start going down your bias checklist you are finished.

Reads story about debit transaction failing, getting permission from bank for debit transaction, it still failing, arranging wire transaction, paying fee, and still having to wait 90 minutes only to conclude it was Bitcoin that was problematic because I'didn't desire, nor attempt, to use it What an upside down world we live in... To everyone else reading this, on either side of the debate, is it just me or are the bearish arguments against just getting really weak and poorly supported?

I don’t think that’s correct. There are moats in semiconductor chips but not as much in commodity sectors like Memory. Memory is an example of a mostly commodity business where pricing went through the roof due to an unprecedented shortage caused by and investment boom, I actually don’t think NVDA is a bubble here. Sure it could decline but 59% if we get a demand lull for data center and AI chips but I think this market will be much bigger 5 or 10 years down the road. So ss long as NVDA remains the top dog, their revenue will be much higher too, as will earnings even if you consider that they likely give back some of their obscene margins.

OK then, conclusion is BTC didn't even serve you when you needed it. And next time arrange that bank wire in advance; it takes less than 5 minutes from start to finish and if your bank charges you, change banks.

Biggest holdings are Fairfax, Fairfax India, Exor, Bitcoin, Prosus & Alibaba, and Molina Healthcare. All have been miserable to flat YTD. My small names have done well, but not well enough to offset the drag from the big ones. Am like -7 to -9% YTD pending which days I check.

Just doing my part to advance the plot. Hopefully this doesn't foreshadow a tragic end to my portfolio.

So many of these stocks trade huge volumes pre-market and after-hours, even overnight. If you change a chart to show trades outside of standard market hours the daily charts look totally different and usually the gaps disappear. I don't think gaps matter as much as some other people but I do use it as a price level to trade off when they are just about to close. With gap fills and price targets and all that stuff I am never greedy, starting to buy/sell before the "number" and always buying and selling in many orders over a range of prices. You are balancing the risk of trading 'too soon' with the risk that it turns and runs away from you, unfilled. I've developed my trading style over 25 years or so and it works for me but it's all about managing risk - risk of losing money, risk of missing the trade because you got too greedy on price, risk of being way early... on and on.

"No one." "very, very few".

Oh boy. Yes, I know these are all still "great" "benefits" that have been touted for years by the Bitcoin bulls...except for the fact that no one, or very, very few people will ever use Bitcoin for these "benefits." You've even admitted yourself, that "I expect I may do something like buying a house halfway across town in ~2-years." Please let us know how that goes, in two years, if it happens. PS, I've got a Porsche I'll sell you for Bitcoin. It's a 911, and I'll give you a great deal. LMK once you've sent me the Bitcoin and I'll come up with a title

Mandatory meme

"no, Neo. I'm trying to tell you, when you're ready, you won't have to "

Young man no more...Victor Willis passes away at 74! Cheers! https://www.cnn.com/2026/07/01/entertainment/victor-willis-village-people-death-scli-intl

On balance, Fairfax's equity portfolio had another solid quarter, up ~$1.1 billion or ~$50 per diluted Fairfax share (pre-tax). The Greek Freak (Eurobank) continues to deliver MVP caliber performance. Strong US$ is taking gold out behind the woodshed - Orla was the big loser in the quarter. Lots of Fairfax's holdings are doing well - strength is broad based. Looks like the mark to market impact could be slightly negative. BlackBerry will be a wild card - Fairfax has been selling down its position in BB over the past year. If they continued to sell in the quarter the gain will not match what I have below (I used 25 million as my share count). Eurobank paid Fairfax a dividend of $95 million in mid-June. Given it is an associate holdings, it will not show up in income statement. On the balance sheet, cash will increase and carrying value for Eurobank will be reduced (by dividend amount). My spreadsheet does not capture what has been happening at a large number of holdings - like the non-insurance consolidated holdings. As a result, it is a conservative estimate. Of course the big news from an earnings perspective in Q2 is the sale of ~50% of Poseidon that will deliver a realized investment gain of $837 million. In Q3, when the sale of Eurolife's life insurance business to Eurobank closes in Q3 we will see another +$300 million realized investment gain. PS: I attached my Excel file if board members want more details (at bottom of post). Fairfax May 2026.xlsx

https://www.cnn.com/2026/07/01/science/synthetic-cell-research Cheers!

Digital currency is indeed the future and it has also been the past for several decades. And that digital currency is cash itself, which has been able to be exchanged digitally for a long time and continues to be exchanged in ever growing amounts. We simply have no need to take an electronically exchangeable currency (cash), convert it to a 'virtual' electronically exchangeable currency (bitcoin et al.), exchange that 'virtual' currency, and then reconvert that 'virtual' currency back to the original electronically exchangeable currency (cash).

Unrealized equity gains of about $1.3b (not counting the tax liability.) On a $42b bond portfolio, it looks like losses might be about 0.8%, or $336m, if rates are up from 4.01% to 4.20% as the 5y treasuries are. Does that look about right to you? What I should have also mentioned is that there will also be the realized gains of $837m from the Poseidon sale that will be booked in Q2. Then there will probably be the $350m gain from the sale of Eurolife to Eurobank, anticipated for Q3. Our investment gains in 2025 were $3050m from equity investments ($841m from the TRSs), $385m from bonds, and -$284m from other investments. It looks like 2026 is shaping up to be as good as 2025, except for the TRSs of course which are currently well down but could recover by the end of the year.

This is one of my favourite throw-away lines I've heard this year...

Happy Canada Day! Bonne Fête Du Canada! Cheers!