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Man, we really are going to see no wealth effect on consumers on the way up and a massive recession once this turns around, won't we? Rip Coupang & co.

I know bro, so it can grind higher with Johnny Come Latelys jumping in da action But when a big number like 10k flashes across da headlines and smartphone feeds, you know something can turn baby, it can turn!

Close to 60% of the KOSPI are now Samsung and SK Hynix. Also this from the WSJ: https://www.wsj.com/world/asia/stock-market-ai-chips-taiwan-korea-01b7d385?mod=hp_lead_pos5

Wow - these guys and truly disgusting genocidal animals. This post was from the minister of security.

@djokovic1, thanks for the comment. Good luck with the pitch

For simple clarification:

Would love to see how thats going to work if they're serious. They have $1.5bn of debt already and are still paying earn outs. To take private would probably require $2.2bn of capital and they dont have the cash flow to cover almost any of that using debt. It would also take them out of the acquisition market for years. They made a massive acquisition at peak multiples and have watched industry valuations halve. Probably a lot of very.frustrated insiders saying "do something"

article is behind a paywall. when it went to print, speculators followed hence the volume/price spike. https://www.insuranceinsiderus.com/login-access?returnUrl=%2F&zephr_sso_ott=rhsIeg

I seriously thought about killing that bird.

Rapid rate increases, long length of time rate increases, and expanding broker stock PE multiples - while the "how long" isn't known...these guarantee other side-of-the-mountain outcomes. Wasn't intrinsic value actually being pressured downwards by sure-to-be-reversed or stagnated rate escalation - unsustainable rate increases? When the stock price of AJG for instance was getting higher and higher PE multiples...wasn't the future obvious - but timeline unknown? Stock prices Intrinsic value growth Rate cycle I think the three above move separately, not in unison. Isn't the best time to invest in times of violent rate decline times, when stock prices have been clobbered? It seems to me the progress of the business is much more steady than rates or stock prices. The business is emotionally stable; rates are "party late" and "sleep in" by nature; and stock prices are clearly manic depressive. Time of change for the three? Somewhat unknown, but the past is likely to give guidance. We also have AI affecting likely all three of the above, or at least it eventually will. I label this 100% unknown as to its affect.

Who knows precisely what "people" he is talking about. Clearly there are different elements of fanatics in control of Iran. That is one of the main issues with any negotiations. Who is in charge today and who will be in charge tomorrow? You still gotta try but with realistic expectations. Anything better than a nuclear-armed Iran should be deemed a success. Anything better than that is gravy.

Ah that's a shame. Our pond nearly had the same fate earlier this year. We don't have a huge garden and we were thinking about removing it at the end of the year so the kids have more area to play... however just as I had resigned myself to taking it away (I really didn't want to), the kids got interested in all the plants and creatures in the pond and now they help me feed the frogs. I can't believe the heron got them all, I know the law is the law, but I would have killed it, law or not

Barcelona is special too, however I must say, I think Barcelona has a much greater amount of rude people than other European cities. Must go to Prague. I remember thinking when I was there earth how did they afford or think it wise to put three buildings, the two cathedral and the Belfry, right together. Makes for a wonderful area.

Bought a little CME and some $6758 (Sony). All the exchanges are getting hammered on the new perpetual futures exchanges presumably. Those to me look like modern day bucket shops.

Good game. Canada is typically an after thought in soccer but they do have some decent players.

nothing that cannot be patched over with a gift of a luxury 747 to the Federal Government.

We tried everything to stop the blue heron--fishing wire to trip it, netting over the pond, etc. but it eventually got all the fish. Upset and frustrated I filled it in Blue Herons are protected by the Migratory Bird Treaty Act of 1918, so we couldn't harm it. We never had many frogs. But there did not seem to be an issue with the fish. Our Dachshund used to love to swim in the pond, we could not keep her out!

HaHa! I read an article in a Danish news media about it a few days ago, It was almost impossible to get that it wasen't a joke, but real! -And now POTUS needs a bunch of pool guys to work on it every day [+1 one to push Melanias bar wagon! ], and a bunch duck potty trainers, duck sitting the ducks and the ducklings,so they don't poo in the water, because it causes green algee bloom!

Feel free to reach out of you would like so tips in terms of sightseeing and bars/food you should try out!

Agreed! My absolute personal European favorites are probably Lissabon, Prague and Rome. But the list is endless. Just to name a few others I love: Krakau, Budapest, Porto, Siena, Matera, Lecce, Copenhagen, Granada, ... But the list is truly endless and then you don't even mention all the obvious ones. I think we sometimes forget how lucky we are to live here in Europe. --- Anyway, sorry to derail this topic further! I'd say my number is 3-4 million personal NW to feel truly wealthy whilst also having a partner. I'm well over halfway there in my thirties but for a good part that's because of an inheritance that helped kickstart this further. I'm fully motivated to keep doing my own projects and grow opportunities whilst not becoming a slave to my properties / general material wealth. Living the good life is fun but without the other side of the coin, you kinda start taking things for granted and can appreciate those good times less.

Oh yeah, the Sint-Michiels bridge is one of the best and most famous spots here to see the most impressive architectural landmarks all at once! What is crazy is that the Sint Michiels church (it was to your right side when you took the first picture) was meant to have a tower of 134m in height initially in the 1600's. To compare, the Sint Baafs cathedral is "only" 89 meters. Sadly they ran out of money back in the day so it go stuck at 80-something meters and a flat tower roof. I've jokingly posited amongst friends before that they should make a big wooden terrace on the flat surface of the Sint Michiels Tower, ask an entrance fee for what surely would be the best historical landscape view in Belgium and invest it back in the city! In any case, it shows the absolute wealth we also had in the The Netherlands / Flemish regio at the time.

I studied for years in Ghent and it's really beautiful and a very pleasant place to stay. I've visited most of the major cities in Europe and the cities that charmed me most are Barcelona and Prague. Prague is like the exponent of Ghent. It's like entering a medieval fairy tale.

The picture of the bridge, looking at the two cathedrals, it's like an AI image.. it's just too perfect. One of the best pictures I have ever taken. Even when I was there I remember thinking this place is barely real. I went to Bruges in Belgium, it was nice, but I much preferred Ghent.

Thank you. 1. In that case insurance brokers may prove to be a decent investment during hard markets (low stock price due to lower earnings) assuming the cycle will reverse at some point in time, correct? As a simplified approach. 2. Are insurance brokers antagonistic towards insurance companies in general? Also a simplified thought: could you consider insurance brokers as a hedge against an exposure in insurance companies?

Wow, your pond is way bigger and better than mine. Is the heron still an issue are any of those fish still alive? I’ve always wondered, do the fish tolerate frogs in the pond?