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https://podcasts.apple.com/us/podcast/odd-lots/id1056200096?i=1000624132170 Good discussion from Krugman. Goes over quite a few topics covered in this thread; specifically productivity. Makes me wonder, perhaps I should have forgone the engineering degree and stuck with driving for Big Brown. 170k/yr up to 8 weeks vacation and a pension to top it off doesn’t sound half bad anymore

Agreed about the S&P, but it's small ($30m), I wonder if they acquired it somehow and haven't gotten rid of it yet. Seems contrary to everything they usually say and do. As for Occidental, at $354m it may be #1 in the 13-F, but it's really small potatoes compared to the huge bond portfolio, the big private companies they own, notably Eurobank and Atlas/Poseidon (each about $2b). Even Thomas Cook is bigger (about $400m), and Mytilineos is about the same size as the Occidental bet. And of course, the dreaded Blackberry is even smaller, fading into obscurity (thankfully!)

That’s a big weighting to OXY. Don’t disapprove, as I was kind of kicking myself I didn’t buy some in the mid 50’s. However, I do prefer these type of positions in my long term compounders. The index position is a head scratcher at these levels though. It’s funny, a lot of people have bagged Gaynor at MKL for his myriad of holdings and argued why not just have an ETF position. FFH seem to think so. All appears more rump, less tail albeit with a slight inflationary bias and in the case of OXY leveraging the implied BRK put.