Hektor

+1

BRK-A, FFH

@Viking I think Prem mentioned that they could exit the TRS quickly. So, I feel this will not be a "run away train" like the previous hedging episode. Any thoughts?

Fairfax Completes Sale of Portion of its Interest in Poseidon Corp. Fairfax Financial Holdings Limited announced today that it, together with certain of its affiliates (collectively, “Fairfax”), has completed the previously announced sale of an aggregate of 67,618,981 common shares (the “Shares”) of Poseidon Corp. (“Poseidon”), the holding company that owns Seaspan Corporation, at a price of US$28.30 per share, for aggregate proceeds of approximately US$1.91 billion and a pre-tax realized gain of approximately US$837 million.

I think they have a very variable cost structure than any of the other airlines. Besides the refinery, they have a used/old aircraft strategy, lower rate of unionization etc

Good one @Mephistopheles

I think so too. Looks like the big 4 has about 70% market share and the threat from ULCC taking market share might be fading. If this is true, I guess we will see the other airlines in a future 13f.

I think the 20 was above 5 yesterday. I wonder if @gfpis picking some.

Berkshire Picks Gen Re Chairman as Insurance Star Ajit Jain’s Successor Charlie Shamieh, an insurance-industry veteran, is slated to succeed Jain whenever he is ready to retire Berkshire Hathaway has selected Gen Re chairman Charlie Shamieh as the successor to longtime insurance mastermind Ajit Jain, aiming to ensure a smooth leadership transition at one of the conglomerate’s most critical businesses, people familiar with the matter said. Shamieh will step in to run Berkshire’s sprawling insurance arm when Jain decides to retire, the people said. Jain, a 74-year-old executive who Berkshire chairman Warren Buffett has said is irreplaceable, hasn’t signaled when he will step down. He is expected to remain in the role for the foreseeable future https://www.wsj.com/business/berkshire-picks-gen-re-chairman-as-insurance-star-ajit-jains-successor-e857bb5f?st=c6BVTq

May be. But the moat strengthens. Who will plow in more/larger amount of capital to build a competitor that can only earn the same return as Berkshire.

Plus, the moat of these capital intensive regulated businesses strengthen during inflationary periods, imho.

+1. I felt as much re: Buffet's rationale for BNSF.

I guess Greg is telling everyone that he really knows his stuff.

BerkshireHathaway.ai

These 2 comes to mind https://en.wikipedia.org/wiki/2011_White_House_shooting https://en.wikipedia.org/wiki/2014_White_House_intrusion

Congratulations @Saluki

It will be interesting when international media (or even Al Jazeera) is able to report from Iran. Or, when Iran removes their internet blockade. Meanwhile, an interesting article from Bloomberg: Satellite Data Reveal Scope and Scale of US-Israeli Strikes on Iran After more than five weeks of fighting, the 14 days of fragile ceasefire between the US, Israel and Iran have given residents of Tehran the chance to take stock of the damage. The city of 9 million people is scarred by debris, rubble and bombed-out high-rises. Iranian curbs on photography and internet access as well as US restrictions on high resolution satellite imagery have hampered visual damage assessment. But a study by Conflict Ecology researchers at Oregon State University, which draws on radar imagery, estimates conservatively that at least 7,645 buildings were damaged or destroyed across the country https://www.bloomberg.com/graphics/2026-iran-tehran-strike-damage-satellite-images/

Lose money, but don't lose any reputation.

Reminds me of what @Parsad has been saying for a while now! China to America: Be our friend – or else U.S. firms face penalties for diversifying supply chains and complying with American laws. China is enacting restrictive new rules to make it exceptionally difficult for American companies not just to operate there but also to leave. One says the government will investigate any company that “interrupts normal transactions” or takes what it calls “discriminatory measures.” The other says that any company that helps enforce U.S. laws outside the U.S. — for example, an American bank freezing a sanctioned Chinese account — can be penalized, including having its assets in China seized. Beyond that, the same U.S. bank could be sued in a Chinese court by a sanctioned company demanding compensation for its losses. https://www.washingtonpost.com/opinions/2026/04/20/china-blocks-decoupling-prevent-supply-chain-resiliency-us/

You have a sense of humor. The only thing you got wrong is the center of the universe. In reality, it’s an Orange further west.

Behind Trump’s Public Bravado on the War, He Grapples With His Own Fears The president’s impulsive style has never before been tested during a sustained military conflict; ruminating on Jimmy Carter https://www.wsj.com/politics/national-security/trump-public-bravado-private-fear-59814dca

Did he just end the 10th one

He ended the 9th one yesterday. It was all over the news