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I think there's some cross purposes here. I don't think @dealraker is arguing for keeping the borders open to Illegal immigrants. Neither am I. I think for all of us here, if you want to be an investor, believing in the rule of law goes hand in hand with that. I think he's saying that the inconvenient reality is that SOME illegal immigrants are working hard doing jobs (& not committing crimes) that some locals don't want to do any more because they've got comfortable and lazy. You see it all over the developed world. If you get rid of the hard-working illegals (along with the bad guys), and generally show a view of hostility to prospective legal immigrants, then there's going to be inflation, because to get people to do the crap jobs that only immigrants tend to do, the wages are going to have to go up a lot. So I don't think Charlie is on about the morality here (correct me if I'm wrong) - we all agree we want to get rid of the bad guys - but just the need to see that there are trade-offs here. This is all a bit off-topic anyway.

Agreed. Also, I think to get the company more stock before the 60 add.

I don’t know, does it? And if it does, you are saying Bitcoin is a currency? It doesn’t seem like China has much of an interest in letting their currency appreciate.

Doesn't that apply to any currency?

Hahahahahahahahahahahahaha. Classic. I guess that reply is all you have time for, so you can get back to the nonstop posting on the crypto thread. Keep up the good work!

Prem sold as the Liberals in Canada proposed higher Capital Gains tax rate..but it hasn't passed yet...We all can hope it doesnt lol

Yes.

What’s weird to me about Bitcoin is that its value (or should I say price) increasing hinges solely on trying to get more people to use/buy Bitcoin. It’s no wonder that James feels he needs to post a pro Bitcoin message every few hours, extolling the virtues of Bitcoin. He needs people to buy Bitcoin! On the other hand, shares of BRK or FRFH are backed by incoming cash flows. So as a shareholder, yes I like an ever increasing share price (to a point), but I don’t really need to try to convince other people to buy either of them. If no one wants to buy them, fine, I’ll let them continue to hover up every last share until I am the 1 remaining shareholder. Then I get of the cash flows from there on out. Am I misunderstanding something?

Not if used as a cash equivalent like people use bonds or gold today in portfolio's. You will be able to pay with it everywhere in time.

Another Trump trade is BGC. Unfortunately I sold it too early.

@nwoodman, thanks for the update and attaching the files. They were very helpful. The Eurobank story just keep getting better and better - the management team at this bank is exceptional. ROTE of +15% looks likely for the foreseeable future (management guide and they are conservative). It will be very interesting to see if they bump capital return to 50% and what the allocation is to buybacks. My guess is if they can buy back stock below (or close to) tangible book value they are going to buy as many shares as they can get (and rightly so). And their profit growth profile is so strong any shares they take out moving forward will look like a steal in another couple of years. Eurobank has so many irons in the fire… Eurobank is Fairfax’s largest equity holding. It is poised to grow and deliver exceptional returns in the coming years. Poseidon also looks like it should grow earnings nicely moving forward. The FFH-TRS should continue to increase in value. If we ever see that Anchorage IPO, Fairfax India should see a nice pop in value. Fairfax’s largest equity holdings look very well positioned. This suggests a 15% return on the equity portfolio is not only possible but perhaps likely. PS: The fixed income portfolio currently has an average yield of 4.7%… The investment portfolio looks very well positioned.

Defeats the purpose if you have to sell it every time you want to pay for something, no?

Bitcoin - Store of human economic wealth. For everything else you’ve fiat

No need to buy Bitcoin, use an etf to stash cash and sell when you find something to buy. Unless you're here trying to question the whole BTC thesis? In that case this will take us too far off-topic.

Who/what accepts Berkshire/Fairfax shares as payment?

the one thing people are also forgetting is the deflationary trade on stuff such as Auto, Real Estate, Energy ...He would try to push those prices down as those would be key factor to bring cost down for the average person... The real question is how does he achieve bringing down prices when he wants to tariff stuff lol If he does manage to bring prices of essentials down it would really be good for the average person...Even though company profits will go down in the short term Time will tell how this plays out

Who/what accepts BTC as payment?

My guess is that he bought the shares on margin probably using his original stake as collateral. But he did sell enough to pay off the loan and have a nice pile of cash and stock left over.

A new YouTube video by Anders Puck Nielsen : YouTube - Anders Puck Nielsen [November 7th 2024] : What will Trump's victory mean for Ukraine? I think this analysis is fairly good, without being too speculative, because of our general lack of tangible information about it, and the same time I hear some considerations not contained in what I have read on and in Mainstream Media about it. Personally, I think Mr. Nielsen is missing one important and material point here though. The assymmetry in an evetual negotiation situation : Both The mediator [Donald Trump] and one of the warring parties [Volodymyr Zelenskyj] care and worry about collateral damages, while the latter combattant [Vladimir Putin] does not [give a damn about such].

Well since the company just bought $304 million USD worth of shares from him for cash I suppose he won't be pushing for another dividend increase.

Trump wants crude around $40 ...The question is are US drillers willing to drill more

While not 100% clear which side required the 2% investment in Dementra, I think we will see some of the remaining 10% of shares involving smaller investors accept the tender offer next year at €4.58

If you don’t have three hours to watch the full two videos, here’s a 16-minute condensed audio version, summarized using Google’s powerful AI tool, "NotebookML": https://notebooklm.google.com/notebook/1931e09c-c74b-4d26-a25c-e03245e79347/audio ** Please refer to my 2022 post, where I shared tips on bypassing most online news paywalls.