Luke

I rewatched this clip recently: Lost was such a great series...one of the best.

Yeah, it's crazy. The same costs 2-3x in the West and you have to pay 200 USD extra for every coup holder or whatever...but people won't be allowed to have it because it's unacceptable to Western government to have their protected car players lose margins and get all this competition...does it matter for the worker if they work at BYD factory or Tesla factory? Primarily the very big family shareholders are protected meanwhile US investors who bought Nio shares have to suffer the competition

Interesting move, still need to read up on this.

https://asiatimes.com/2024/04/the-myth-of-chinese-overcapacity/ Interesting read: Regarding the EV bans its also interesting to look at Teslas subsidies and compare that to the likes of BYD. This is not because of chinas subsidies, their EV market is margin to the bone super hard competition and the west has subsidies themselves. The problem is that these companies are more efficient in every way and provide more value per dollar. GM does tens of billions of buybacks, no innovation, little investment...we cant have Chinese EVs!

Market order in for more Prosus NV

Dr Burry betting big on china...

Pretty clear statement on whats happening in geopolitics:

Put another buy order in for PDD

Yes, same situation. I still see a ton of potential upside in Fairfax and love the defensiveness of it in the current macro and pricey market...its also not a stock where I would feel uncomfortable being overweight considering the quality of management etc...I like where I am, still a continuos buyer in China and maybe we get nicer prices in met coal coming months as q1-q2 seems to be weak regularly...i think I can settle with the thought that prem really was just overweight and wants to have some eggs at the side lines which is fair.

Not great, not terrible. He doesn't see the shares as materially undervalued as in 2020, understandable. Still, cashing out now after this run...has a certain smell of less upside downside

Exactly, next to China (in which I am very overweight), I can only find tempting value in coal/oil stocks. FFH is a huge part of my portfolio too and I am absolutely not selling anything as long as the idea universe is that small and very expensive.

You guys are totally wrong, Prem sold FFH and bought GME, that's why GME is up...1+1->2. Its a no-brainer. @MMM20 @juniorr @Xerxes

The video mentioned in this clip:

It's interesting to see how some European countries decide to turn so positively to China while others don't. This shows again, that the development and foreign politics goals and rewards of one EU country are different for another (unlike the pro EU parties often suggest). They are getting the choice: Move under the protectionist, war and austerity umbrella of the US, Germany and Co. Or move away from it and towards the Chinese-dominated, Eurasian hemisphere. The Chinese come with a lot of money, willing to build out local infrastructure, business, educational and cultural exchanges, increasing tourism from China and vice versa. So much potential in all of these left-alone countries to grow and develop, Hungary, Serbia, Montenegro, etc. China building out trains, streets, ports...lots of cheap goods from china and cheap too unlike the US belt countries which get more and more expensive services and products+deficits, austerity and inflation, their local populations will be happy. From what I see, China is doing foreign and developmental politics at its finest.

Thank you for sharing and i should do more exercise! All the best!

Great book, read it with huge interest.

https://www.scmp.com/news/china/diplomacy/article/3261632/xi-jinping-pushes-closer-ties-europe-eu-pressures-china-russia-and-trade?module=top_story&pgtype=homepage

Moving Video!

PDD

Bought more PDD

It is a good discussion and I could be wrong, though something is suspect here to me in this war, we will see how this develops and of course: discuss!! LEARNING MACHINE

Well, we have to disagree on our analysis but I appreciate the pushback