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I wrote an update on Fairfax Financial and Fairfax India for the Berczy Park Capital substack. https://open.substack.com/pub/berczyparkcapital/p/past-is-prologue?r=ecc87&utm_medium=ios

Seen on twitter: Hopefully not true: BREAKING: Howard Lutnick was involved in reversing FIFA’s red card decision on American player Balogun, per POLITICO

No team would try to get another teams best Striker reinstated…that’s a silly question….US is NOT the only team to have players reinstated this tournament. Again, I think it should stand even though it was terrible. But some IS bias here is really driving the narrative without looking at the other cases. Nobody complained about Ronaldo or the four other players having suspension suspended or removed so they can play World Cup matches.

EU has already chosen and moved towards decoupling vs U.S big tech and defense dependence...

80% of U.S. startup use Chinese AI... Any data that doesn't make someone think that Chinese AI has already won and will continue to win vs U.S. AI?...

That’s not true….Ronaldo had his suspension pushed back so he could play a World Cup match. edit: fwiw I think it shouldn’t be reversed. I’m all for less tech intervention in sports in general. This obsession with reviews and precision are ruining the nuance of the game (baseball, basketball, football, soccer, etc).

What you should complain about is the USA red card getting overturned. Every team knew you could not overturn a decision after the match in this world cup. This was the policy. And believe me through out WC history there has been some terrible red card mistakes. They happen. Though it might not have been a red card... the ref and VAR room decided it was red. End of story as per the policy. If you want to make it possible to correct mistakes then fine. (although with VAR this should be way less of a problem) But make it a policy before the tournament starts. There have been yellow cards given that were not yellow. Mistakes happen. Accumulate enough yellow cards and you'll miss a match... This smells like some kind of corruption. Crazy really.

Correct - Reddit and other social media is suddenly full of American soccer experts. I don't mind Americans increasing their interest in "soccer" but ffs please show some humility. Enjoy, learn and don't start to think that everything is about you. Let's just hope it's over after today so we can start the real talk

You guys need to shut up lol If you don't watch or haven't played football, you really shouldn't complain/critique the refereeing! Think about it - that makes no sense. Brazil had two clear penalties. It does not matter if there was a chance or not for Brazil to score had it not been a penalty. Both were fouls inside the box and thus a penalty. The second one was really clumsy and just bad defending by Norway. A really stupid penalty to give away. It was a penalty nontheless.

Just found that GLM 5.2 is now also hosted in europe, costs only half of ChatGPT, and i prefer its responses over GPT 5-5. Very interesting to see how GPT 5-6 is compared to that. GLM 5.2 oneshots some answers where i need to repeatedly have to query GPT5.5 something like "check it again looks wrong" to finally get it right. https://lumo.proton.me/

It's just funny how every American seems to think this decision is normal or fair. It's never happened before — but for the US, in the US, suddenly it does. And apparently that's not strange at all... ffs. But who cares, easy game for Belgium.

250 years ago, we decided after much debate, a life of tyranny was no life at all. The usurpations of a crown 3500 miles away became insufferable. After repeated petitions for redress went unanswered, we declared our independence from King George’s heavy hand. This declaration from the shackles of British rule birthed the American Spirit. The ideals of America were not given. We had to take them. We fought for the dignity and freedom of religion, speech, press, and assembly. We fought for equality in the eyes of our creator. We fought for life, liberty, and the pursuit of happiness. And we won! Once achieved, these freedoms have unleashed the greatest nation the world has ever known. Today is a celebration of the American Spirit. May we never give into tyranny. Happy 250th Birthday America! Home of the Brave! Fly your Red, White, & Blue with Pride!

Very enlightening. Thanks for sharing!

Ask yourself this question: if the roles were reversed, do you think Belgium would have gotten its main striker back? Or would the US actively try (and succeed) to prevent it? I think the world knows the answer to this and that is where the outrage comes from. Nobody thinks he shouldn't play, clearly wasn't a valid red card. But the way it happened stinks...

LOL Can’t help but laugh at this situation. Balogun gets a red and the whole world says FIFA is corrupt and says it should never have been a RED. FIFA reverses the call and now the whole world says FIFA is corrupt and they shouldn’t make changes. and now speculation Trump was involved….ffs… July 4th is over and now the US is the villain again

Let's make the world happy tonight!

At first sight this goal may look simple, or overshadowed by more flashy strikes. One of the best I have seen, together with the strike from Cabo Verde in the same match. I cannot stop rewatching it. This is why everyone things he is from another planet. https://youtube.com/shorts/TyifPnxiKXQ?si=0FUXdhBafCdfCuSn Also goes to show a tactical victory, this goal attacks the only space that Cabo Verde was leaving unguarded. Just a bit of space at the end that can only be profited with a long pass and milimetric precision. The Cabo verde defense of 6 players draw to Spain and Uruguay, and was undetead until this match.

What a crazy game between Mexico and England. Glad to see it ended with good sportsmanship and not ugly like France/Paraguay.

https://archive.ph/UAOuh

Yeah, its been a rough year after one tends to get used to recurring good returns. I have been fortunate enough to have averaged gains a bit over 30% yearly for the past five years. But this year there have been very few days where I have been in positive territory - fortunately some of those good days have been in the past week or so. Like Thowed, two of my biggest holdings have been FFH (Fairfax - 50% of portfolio) and TVK (Terravest - under investigation for inside trading) and both have been beaten up so far this year. Fortunately holdings like ARE (Acon), ALS (Altius Resources) and RY (Royal Bank) have pretty well offset losses on FFH and TVK. But if one has a reasonable amount of confidence in the quality of one's investments, it just takes patience. Right now I am up about 6%, but have been down as much as 8% so far this year.

And Bitcoin is A LOT easier to get a hold of than a second passport.... This has happened in every bear market. And hash rate falls as high cost miners capitulate. It hasn't marked the end of Bitcoin in the past - it marked the end of the bear market. And the secular, multi-year trend is still up even if you get these blips of has reduction. As pointed out previously, despite the 50% decrease in BTC price AND the 2024 halving AND the rush to AI compute - there remains more hashrate today than 12- or 24- months ago even if it's below the October high. They've run simulations where they'll allowed autonomous AI agents to determine how they'd beat want to store and make payments. In those studies, ~50% of autonomous AI agents landed on using BTC at a multi-year store of value without any direction, input, or suggestion. All other options made up the remaining 50% with no single one coming close to BTCs dominance. Stablecoins where the preferred rails for micro-payments by ~50% of the AI agents. The future is crypto/digital.

The second penalty was a terrible call IMO (speaking as someone who watches football on average for about 4 weeks every two years and is therefore clearly an expert.) I suspect the second penalty wouldn't have been a penalty shot except that the game was nearly over and Norway had a multi-goal lead.

Another example of this garbage. Norway scored 3 goals, one was disallowed. Brazil did nothing all game and was given two penalty kicks on plays in which neither scoring opp/penalty was anywhere near being an 80%+ chance of a goal. Justice prevailed but was just aggravating to watch the game being artificially kept close

That one-liner key sentence is actually kind of clicl-bait, @Spekulatius LoLz! - Furthermore I simply lost my focus and attention after a quarter of the interview because of Anthony Scaramuccis T- or sweat shirt and the view to his bookshelf [nosy!] I swallow the rest of the interview after some sleep. The take is very interesting for a European citizen like me.