Hektor

Its plausible that he might be confusing SA with Zimbabwe

I voted other. Switching from investing (capital, resources and time) to turn around so-so businesses to investing in quality businesses is Fairfax's best capital allocation decision in the last 10 years, in my opinion.

+1

@gfp Why is 5% the magic number? Asking to understand. Thanks.

Walmart eating the tariffs https://www.wsj.com/business/retail/walmart-layoffs-reorganization-2abd46eb Walmart to Cut 1,500 Jobs Walmart plans layoffs in a restructuring aimed at managing its expenses and speeding up decision-making. Walmart and other retailers have been cutting costs, putting pressure on suppliers, shifting production to other countries and increasing prices to offset the cost of tariffs. Last week, Walmart said that it would raise some prices because of tariffs, prompting President Trump to criticize the company. The company reported strong sales growth in the latest quarter and executives said they would work to manage profits to keep prices as steady as possible. Walmart as soon as Wednesday is expected to announce that it will reshape some of its teams in global technology operations, e-commerce fulfillment in U.S. stores, and Walmart Connect, its advertising business, according to a person familiar with the situation. The changes will lead to the elimination of around 1,500 jobs, as well as new roles being added that better align with Walmart’s goals for the future, the person said.

+1. It will be interesting to watch the banks and the insurance companies.

How about his son https://www.cbsnews.com/news/trump-jr-maybe-one-day-run-for-president/ Trump Jr. says "maybe one day" he'll run for president

@Rainier Thanks for the post, and drawing attention to the credit risk that might be masked by the present focus on interest rate risk.

Will BRK acquire some part of this company?

Layoffs on the horizon at Home Depot?? https://www.wsj.com/business/earnings/home-depot-hd-q1-earnings-report-stock-2025-7df6355f Home Depot Plans to Keep Prices Steady Despite Tariffs The retailer has been pushing suppliers to shift production out of China and keep prices low.

Aren't the current policies against illegal immigration, not legal immigration?

No surprise, after Bruce's comments across the pond last week or so

I though the debate was to increase the cap (currently $10,000) on the SALT deductions claimed on federal taxes, not eliminate or reduce SALT itself.

+1

https://www.nytimes.com/2025/05/18/us/politics/biden-prostate-cancer.html Biden Is Diagnosed With an Aggressive Form of Prostate Cancer The cancer has metastasized to the bone, according to a statement from former President Biden’s personal office.

If I may add a #3, this might hurt friends too. Japan and UK seem to be the top holders of US treasuries.

The manager listens to Fox. Call in your complaint

https://www.nytimes.com/2025/05/17/world/asia/india-rohingya-sea-deport.html India Is Accused of Inhumanely Deporting Rohingya Refugees The allegations, which include being pushed into the sea off Myanmar with only life jackets, have prompted a call from the United Nations for an investigation.

And BABA too.

https://www.reuters.com/world/india/trump-india-has-offered-us-trade-deal-with-zero-tariffs-2025-05-15/ Trump: India has offered US a trade deal with no tariffs

https://www.bloomberg.com/news/articles/2025-05-15/trump-wants-apple-to-stop-moving-iphone-production-to-india Trump Asks Apple to Stop Moving iPhone Production to India President Donald Trump said he’s asked Apple Inc.’s Tim Cook to stop building plants in India to make devices for the US, pushing the iPhone maker to add domestic production as it pivots away from China. “I had a little problem with Tim Cook yesterday,” Trump said of his conversation with Apple’s chief executive officer in Qatar, where he’s on a state visit. “He is building all over India. I don’t want you building in India.” As a result of their discussion, Trump said Apple will be “upping their production in the United States.”

Interesting take on India, China, Pakistan, Donald Trump, grift and Nobel Prize!