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What do you believe are Trump's greatest strengths? What are his greatest weaknesses? He is a human after all, so it a requirement that he must have at least some.

Probably not on the same level as all the other books discussed here, but an easy daily read is the daily stoic by Ryan Holiday. I liked to reach it each night, and then reflect on that night's reading. On the Shortness of Life: Life Is Long if You Know How to Use It (Penguin Great Ideas) was a good read as well.

Applied philosophy today in America:

- Meditations by Marcus Aurelius - and The Republic by Plato I think reading The Republic could be especially important today given the current political situation. The author of The Republic, Plato, was a student of Socrates in ancient Athens. Those men were brilliant beyond words. Politics to those two, later including Aristotle and even Alexander the Great, seemed almost akin to applied philosophy, which is interesting.

It almost makes you wonder how these idiots keep getting promoted to make these types of decisions when anyone who has attempted to use AI to vibe code anything could have probably foreseen to his outcome... AI may get there in the future. But as a user of it (including premium versions), I've largely been disappointed with just about every application of it. NotebookLLM has been the most useful to me personally, but is still rife with frustrations where I'd think twice about paying for it.

I agree with you - but even besides that the Biblical book of Proverbs is clearly exceptional wisdom whatever your religious beliefs happen to be.

Oh yea man I enjoyed those more than the episodes sometimes. Beavis and Butthead would watch these weird music videos and make sarcastic remarks that were sometimes pretty insightful and witty I come to this place instead of a place like a forum for, lets say futures traders because I've found those places are filled with guys who inevitably fight about who made more money - how many points did you take off ES today, what's your P/L for the month, blah blah - while 99% of them never make any money consistently and good chunk of them blow up their accounts, which is hilarious and sad at the same time. Sure value funboys talk shit too but at least you guys make money - and it comes down to how good your risk adjusted returns were for the year, etc.

yeah i have to agree with you on Poor Charlie’s Almanack - i’ve given away several copies to young people.

Tsk, tsk - so many TDS victims. Definitely love the silly comments about Trump being an “Authoritarian” - yup , just like the powers bestowed upon him by the voters & constitution. Board in need of a US Civics class.. in the meantime, Trump will continue to obliterate Iran after showing extreme patience and tremendous bravery in a needed event that may seal his midterm defeats. Unless of course, he continues to expose both voter fraud and more looting of the US Treasury, at the hands of the Democrat lunatics, who continue to lose out to their growing Commie base. Its so much fun to read the lame brain comments of a party without any political power.

Ha ha - I forgot you're a Beavis & Butthead fan. I found a great YT playlist of just their music video commentary from the 90s - magnificent stuff.

Thanks man Yea I'm not like you guys at on this forum. I mean you guys sit there and read. And I don't mean read the pamphlet on STDs at the free clinic, no - you guys sit there and read... Books! Who does that nowadays? Me, I watch Beavis and Butthead from 1990s on Youtube but I also happened to watch this last night:

LOL! Cheers!

The India government has approved the merger of Go Digit Infoworks Services Private Limited with Go Digit General Insurance Limited. I don't believe this will have any material impact on BV or reportable earnings at Fairfax. https://economictimes.indiatimes.com/industry/banking/finance/insure/cci-clears-go-digit-infoworks-merger-with-insurer-fairfax-entity-to-hold-57-28-stake/articleshow/132688730.cms?from=mdr Fairfax group entity to hold majority stake after merger Following the completion of the transaction, FAL Corporation will hold a 57.28% stake in Go Digit General Insurance Ltd.

If all this was about was safety and secure borders, everyone would be aligned. In fact, they already are, as the interviewer mentions. But the issue is Musk is supporting pseudo-autocrats and conflating that support under the guise of border security. Which as mentioned, is a point he totally dodges, because he is not a person to be taken seriously in any political context.

I bought PYPL DEC 2028 $90 Calls. Not a lot. 0.25% of portfolio. My base case is that PYPL isn't gonna get bought out at the current price and will climb to $100 by then. Earnigns seem to support this.

COBF etf is raging today

I enjoyed the economist musk interview a lot. Economist is probably my favourite news publication, read it cover to cover each week, and Musk is the business leader I respect the most so go figure. I think the economist is quite middle of the road and not some leftie rag as portrayed by Elon, I’d say he’d probably have similar viewpoints to the Economist on many topics. It’s quite interesting to read the analysis of these interviews after watching them, and how different the content is portrayed. I thought it was a very normal discussion where they built a good repoire, lots of interesting back and forths, a few heated moments like any long interview but nothing out of the ordinary. Then I see the news articles after “deranged Elon musk melts down in interview”. And yes as a fellow European I also think Europe has a bit of an immigration problem. In Ireland there has been a noticeable uptick in women violently murdered over the last few years, and a high proportion of these have been carried out by immigrant/asylum seeker. My wife is Canadian and non-white so I am sensitive to both sides, but I do agree with Elon that having immigrant men from cultures with beliefs massively in conflict to western values is causing big problems. And the trend of politicians of avoiding any reasonable discussion around this by just labelling anybody ‘far right’ is problematic. There are likely lots of sensible people who behind closed doors think this, but the public face of this ends up being people like Conor McGregor and Tommy Robinson.

Glad to have you on this forum - you don't seem like the typical CoBF Value guy - I think the diversity is good, so not too echo-chamber-y. Congrats on the Semi Shorts!

I think you have the right way of looking at it. Viking is right that carrying value (CV) does make some adjustment for retained earnings. But given the fact that the value of an associate or consolidated holding will typically go up as a multiple of those earnings, you have 2 choices that I think are mutually exclusive: count Fairfax's portion of those earnings (and eventually assign a multiple of those earnings in the valuation) OR count the added value of that associate, obviously with no multiple; that would be an increase in the value of the holding, not earnings per se. If you count the portion of earnings AND the added value of the associate, you are making 2 mistakes in my view: you are double counting the earnings, and you are counting all the increase in value of the holding as earnings. Of course, if the associate is sold, the increase in value really is earnings, but it is one-time earnings, as that earning stream will then be over. The associate is valued as a multiple of its earnings because there is a presumption that those earnings will be ongoing. And obviously, in the year when the associate is sold, it would also be a mistake to count its value both as a multiple of its earnings AND as a capital gain, which would also be double counting in the same way.

Ah well I'll always be a coward Covered all MU and SKHY Went long NQ futures

The History of Western Philosophy by Bertrand Russell (also a famous philosopher) is very good for an in-depth overview. But unlike Russell, I agree with Blaise Pascal in believing in the God of Abraham, Isaac, and Jacob and not of the philosophers and of the learned. Therefore IMO, the best book for studying truth, knowledge, and realty would be the Holy Bible and Jesus would be the best explainer of that truth.

Concur, same thing for pharma. Over the past 5 days the S&P is flat, the Nasdaq is down 1-2%, the SOX is down over 10% while the two pharma companies we have are up 6+% and 9+% over the same time period. It's rotation. I've mentioned to my son that in the short term, market sentiment can make the independent thinker look like an idiot, or a genius. I was an idiot the first 6 months this year but, miraculously, I'm brilliant now. (tongue firmly planted in cheek) -Crip

I really like the two of these. Cost half as much as the Kingfisher because it's import, but tastes the same.

Bought some MU and SKHY to cover 20% of my short positions