All Activity

Yeah we did what we needed to, strange we still win the group with only 5 points but I'll take it! Now let's see how we fair against better teams...

My view is investors need to be rational when they invest. There are times when it makes sense to own shares. And there are times when it doesn’t make sense to own shares. This is not specific to Fairfax - it is true of most investments. I never really viewed Fairfax as buy and hold in the past (pre-2020). Given how the company is structured today with both insurance and investments (and how they are executing) that is changing for me. I don’t think the version of Fairfax that exists today has ever existed in the past. That makes comparing the Fairfax of today to past versions difficult - I am not sure what it really teaches.

At Pride? Definitely stuff being jammed down throats! And most are probably closeted Christian/Catholic right wingers! Cheers!

They showed up! Cheers!

He's not entirely wrong. If we can't even protect the environment ideally suited for us because we are essentially parasites, what makes us think travelling deca-millions of miles to Mars is a good idea? Unlike our favorite sci-fi films, It's likely society will be wiped out before we form even a proper base colony on any planet with long-term potential for the survival of the human species! AI/robotics will be humanity's legacy in terms of remembering that the human species even existed and the more likely colonizer of other worlds! Cheers!

Grantham is certainly a nut job. His crazy and glaringly unscientific obsession with "climate change" is evidence of it. A Grantham quote from an interview in 2022: "It strikes me as utterly trivial and only producible by economists. [...] The guy who got the Nobel Prize for it [William Nordhaus], for his work on climate change — actually he spelled it out. He said, 'Even if there was 10 degrees centigrade, it would only cost something in the range of 10 percent of GDP.' To which I say, 'Dudes, we will be long gone as a species at 10 degrees centigrade.' It is quite obvious at 1.1 [°C] that we are already having trouble. At 2, we will be struggling and societies will fail here, there, and everywhere. At 3, in a sense, forget about it [...] At 10 degrees . . . You cannot find a serious climate scientist who would bet that society, as we know it on a global basis, will still be around at 5 degrees centigrade. I have met a lot of them, and I ask them this question. Not one thinks we have any material chance of a stable society at 5 degrees centigrade." https://conversationswithtyler.com/episodes/jeremy-grantham/ In a 2012 Nature commentary, he urged climate scientists: "Be persuasive. Be brave. Be arrested if necessary. This is not only the crisis of your lives — it is also the crisis of our species' existence." He argued understatement is more dangerous than overstatement for this issue. https://yaleclimateconnections.org/2012/11/financier-jeremy-granthams-be-brave-advice-to-climate-scientists/

It's just great!, @Paarslaars!

Is this a usual way talking about, dubbing European tourists in USA among Americans? - I'm just asking.

HaHa! [-Fun at 5:30 AM here Saturday morning! -Best part of the day in the heat wave!] -I suppose it is Greg @Gregmal, NJ, not Greg [ @Gregmal ], NW FL [Joe Land], posting

The dildo of consequences rarely comes lubed.

If you have a choice between flight and fight, choose flight every time.

I am afraid that you are thirty years too late. I would argue that given the insane immigration, UK, Ireland, France, et all are low trust societies today. If you go to a small town in the US, you will see a high trust society, NYC is not a good representative of the country as a whole.

I love how all the left-wingers who claim to be open minded always insist on jamming their values down other people's throats.

Yes

Yet EU's GDP is 2/3 of US GDP. US is clearly leading in market cap and hyper-growth startups. What's the comparison of Mittelstand?

Spek, I know plenty of people who summer in the Hamptons every year for two months and have not been to Europe in decades. Check out how much it costs to rent a house in the Hamptons for the summer, compare it to the cost of spending two months in Greece/Spain/Portugal/Italy. You will see that it's not the lack of money, it's the lack of desire to stand in two hour security lines in Paris Airports, zero air conditioning in Europe, and having to buy timed tickets to visit any sort of attraction in Europe these days. Europe is dirt cheap compared to the US. When my first son was born, I wanted to take the family to Maine for the summer, when I looked at prices, I realized that it would be cheaper to fly business class and stay in Ritz Carlton in Spain than to stay in Class B hotel in Maine. It's not that Americans cannot afford to go to Europe, it's just most don't value what you get in Europe - European culture, heritage, architecture and food.

My point was in the face of our pessimistic atmosphere, foreign visitors seem to be having a very positive experience. “And in the middle of this humid, oppressive gloom? An unexpected, fresh burst of globalized joy, a spasm of multiracial harmony, and the real shocker: a broad, genuine outburst of love for this country, its big-hearted people, and its unsung prosperity. No one expected the World Cup to be much of a draw this year, and many were afraid it would be an almighty flop, given the global atmosphere and you-know-who. But here we are. It’s the one obvious, uplifting, positive thing going on, and it feels like a fucking tonic.”

Alright up at 5AM to watch the Belgium game, they better show up this time!

Totally. You can always tell the finance guys by the ones whom make money every which way but from the actual investments working out. Fees, marketing, newsletters. That s what I found ironic about all the Elon Musk hate. These guys who are mainly just leeches are pissed that their button push wasn’t successful so they root against, bemoan, and routinely slander a guy who’s created more on any random Tuesday than they will in their entire lives….

My favorite: If it's stupid and it works, it ain't stupid

When I was at Yale doing my undergraduate degree, I met a guy from Ethiopia who was a fellow student. He was a year older than he was supposed to be based on his class, and the reason was that he was left to repeat a class in Ethiopia when he was in kindergarten. Teachers in kindergarten had thought that he was retarded. The guy was an engineering major. Just because people think you are a retard at age 4 does not mean that you are, you may turn out to be smarter than everyone else, just wired differently.

This is the most European/EU news story ever...shut off AC for lower level workers at the EU, but Ursula and her staff on the upper levels get to keep their AC on. AC for me, but not for thee. Just like Davos where all the private jets fly in to discuss climate change...

“Friendship is like money—easier made than kept.” —Samuel Butler

LOL! Cheers!

That's awesome! They should do that on our Skytrain, which is above ground for most of the route to Vancouver. Cheers!