Luca

Added to Alphabet @86€

I disagree, he is not a straight out playbook communist. They are using all the advantages of markets with a top down approach to sometimes place ressources in underdeveloped segments. we never saw something like this system before. nobody knows how successful it will be. All of that combined with some sort of national/socialistic ideology elements, bit like north korea. The original ,,assignment,, of china being the center of the earth. The game is still playing out, pabrai also said it still might be okay for china investments. Its going to be an interesting decade.

China investing triple the amount of the Chips Act for semi development. As i see it this is a straight trade war act from the US trying to impair growth and competition for the global economy. Why cant China order EUV tools from ASML? Because of US national security? Where did china attack the US? The us has been on an imperial move, establishing naval bases all around east asia because of the ,,danger of china,,. Imagine if China establishes naval bases close to US, around the Caribbean. They would get nuked away It is clear that the US fears china as a competitor for global domination. China is on their way to establish themselves in great ways to grow their country, investing in infrastructure all over the world etc. We see chinese imperialism happening every day. The US does the same in every way, maybe they are smarter in hiding it but i dont see big differences. Media biases and what not. Imagine if china opens up to the world, their businesses going global. The S&P 500 wouldnt outperform so hard anymore. Right now we saw how much chinese ETFs crashed. Imagine china producing chips, dram etc with EUV tools. Intel, Micron, AMD would all get severe competition. Amazon vs Alibaba. We have to big nations with huge great tech players. One of these nations is not allowed to play.

A reason why i shifted in stock picker, value investing type buisnesses lately. BRK, Markel, bit of Fairfax.

I bought into Samsung, 3% starter position. Big strong, cheap business with lots of tailwinds

So i bought more Amazon, Micron and TSMC. I am planning to buy more of all of these if things get cheaper.

Put in a buy order for Fairfax. I agree it looks undervalued and it could be a interesting long term holding

Great, Thank you!!

What kind of filing is this? I dont understand how you were able to find this information. Columbia Insurance what? Would like to understand

Yeah, i own Micron,TSMC,ASML and INTEL (ordered by position size) now. I think each of them has a good chance to be worth a lot more in the future. I am least certain about intel but also think at this price its not too bad. Pat looks like a decent CEO, proved himself before. They are really behind but i think there is a chance they will find their place and produce cashflows far into the future.

Added a tiny bit of meta

Sold my position in iShares Semiconductors and shifted that into TSMC and a small Intel Position

https://www.cnbc.com/2022/11/15/charlie-munger-says-crypto-is-a-bad-combo-of-fraud-and-delusion-good-for-kidnappers.html The Legend. Berkshire now coming out with: Mungercoin

https://news.sky.com/story/russian-missiles-kill-two-people-in-nato-member-poland-us-intelligence-official-says-12748369 This is bad, wondering if NATO will do something.

Very exiciting, i think its a great addition!!

Micron is also 5% of my Portfolio, i like it!

Good point, a good currency like the swiss frank is relatively stable. Look at all other coins, losing 90% of their value. This is just too much.

To be honest i dont understand blockchain, could very well be great technology usable for a lot of things. @Parsad Do you own any crypto?

I agree with Pabrai here: Crypto will vaporize into nothing. Crypto market was around a few trillion at its all time highs, not a huge part of global wealth but certainly an effect on markets. Bitcoin is worth nothing to me, not even 1$. What exactly is crypto? Three things it could be according to Aswath Damodaran: 1. Asset Its not an asset since it doesnt produce anything. 2. Collectible Collectible grow in value in inflation and are stable, look at a picasso painting, will go up in value with inflation long term, doesnt lose lots of the value, even during crisis. This is not true for bitcoin. 3. Currency Yes, Bitcoin is a currency. But currency do not have value, they have a price. A good currency is: Stable and maintains purchasing power+is usable. Crypto or bitcoin is nothing of those. It is not stable (stable coins excluded) and you cant use it (in the majority of cases). Quote Aswath Damodaran: What the heck are you paying 20k for!!!!!!

Why is Fairfax so much preferred over Markel here? Feel like Markel offers similiar attributes with even Buffett buying the stock lately... I own Markel too and wondered why i should buy Fairfax if i can buy BRK or Markel as a smaller top notch insurer.

Very mixed signals from Xi, supporting businesses and common prosperity/socialist reforms, lots of FUD

Sold my stake in Alibaba and shifted the remains into tencent and prosus equally. I think Tencent will be able to circumvent regulations better than Baba (regulation wise) and has more experience in foreign investments which makes it a bit more protected against political turmoil. Also has higher Cashflow and more attractive metrics than Baba.

Wow, China is a bloodbath right now!

I see it like that aswell.

What do you think will happen for chinese stocks after a taiwan invasion? Will the stock market be cut off as with russia? Even if we hold share in HK? I am thinking of leaving my china positions and buying some tsm If i loose the total value anyways if the invasion happens id rather hold tsm than alibaba currently...