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racemize last won the day on May 20

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  1. Saw this on twitter—any insurance insiders have any comments?
  2. I guess getting back to the multiple of book value trading question. In all honesty, if you are a permanent holder, you don't want it to trade at 2x book value. In fact, you want it to trade as low as possible for as long as possible, so they can buy back shares. Trading higher does nothing good for you, unless you 1) want to sell; or 2) want them to issue shares to buy other companies I guess.
  3. I mean the real issue is that if anything like the last 10 years happens again, it should not trade at 2x book value.
  4. This is by far the most important metric to track.
  5. The problem with these very high IV calculations is that it really kills growth generally. I.e., you had more growth when using BV/share because you were getting the leverage from the investments/share. If you calculate IV at investments/share, then you have lost leverage, and it grows more slowly. I've found that the added IV but lower growth pretty much offsets. Happy to be wrong here though.
  6. Let's not start talking about them shorting equities again please. PTSD for all of us.
  7. I’ve got a word searchable compilation that will have it if they said it in an annual meeting (or some other places that were transcribed). Link to compilations: austinvaluecapital.com/resources
  8. interesting that the same time, the mortgage spreads are very high.
  9. Good point, yes, have not had any withholding from the annual dividend in that account, so probably would work for this.
  10. It is not clear to me what the tax implications (e.g., Canadian withholding) if this is sold via a U.S. IRA. Any thoughts from board members?
  11. If they were basing it on the patent value, I wish they had talked to me. That was peak wireless patent price when those previous transactions went down (nortel and motorola). Experts would have known that at the time. Also everyone out there saying “patent value” is a thesis (for virtually any stock) who isn’t in that specific patent space—don’t put too much weight on it. Patents are very tricky and fickle things.
  12. Refused to comment on BB, several questions on it. All shorts closed.
  13. What was said? Rough version: Called in and told him he needed to step away, he wasn't paying attention anymore, and had lost his touch. Continued by saying that Prem didn't understand any of the companies he was investing in and wasn't doing any detailed analysis on microeconomics, his partners agreed but were Canadian so too nice to tell him, and the bankers were cowards not asking hard questions because Canada doesn't have enough good companies.
  14. wow, which one of you just went off on Prem on the call?
  15. Pelosi didn’t ask for $2k checks?
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