Hektor

https://www.wsj.com/business/deals/dicks-sporting-goods-nears-deal-to-buy-foot-locker-7ecf9194 Dick’s Sporting Goods Nears Deal to Buy Foot Locker The sides are discussing a deal for about $24 a share, or $2.3 billion.

Wouldn't they do something similar to their involvement in Sudan?

+1 You left out the elephant (errr...the dragon) in the room....China

What, if any, is the impact of anti corruption drive in China on these luxury brands?

That would be hilarious!

C'mon now John, we expect better from you

+1

That's my understanding as well.

Giving it away before shutting down!

https://www.nytimes.com/2025/05/08/magazine/bill-gates-foundation-closing-2045.html Today the Gates Foundation celebrates its 25th anniversary by announcing its plans to close up shop. https://www.gatesnotes.com/work/save-lives/reader/20-years-to-give-away-virtually-all-my-wealth hen I first began thinking about how to give away my wealth, I did what I always do when I start a new project: I read a lot of books. I read books about great philanthropists and their foundations to inform my decisions about how exactly to give back. And I read books about global health to help me better understand the problems I wanted to solve. One of the best things I read was an 1889 essay by Andrew Carnegie called The Gospel of Wealth. It makes the case that the wealthy have a responsibility to return their resources to society, a radical idea at the time that laid the groundwork for philanthropy as we know it today. In the essay’s most famous line, Carnegie argues that “the man who dies thus rich dies disgraced.” I have spent a lot of time thinking about that quote lately. People will say a lot of things about me when I die, but I am determined that "he died rich" will not be one of them. There are too many urgent problems to solve for me to hold onto resources that could be used to help people. That is why I have decided to give my money back to society much faster than I had originally planned. I will give away virtually all my wealth through the Gates Foundation over the next 20 years to the cause of saving and improving lives around the world. And on December 31, 2045, the foundation will close its doors permanently.

+1. Unlimited NetJets if he takes the 100k.

I doubt that Ajith and other leaders are oblivious to the opportunities in India. In the past, they did invest in PayTm. I think they also had a insurance joint venture for some time. If they go to India, I doubt it will be needle moving.

My understanding is that Prem/Fairfax follow the Templeton style of value investing, not the Graham/Fisher/Buffett/Munger style.

https://www.nytimes.com/2025/05/06/us/politics/trump-canada-love.html Trump Surprises Canada With a New Message: We Love You “Canada is a very special place to me,” President Trump purred at the top of the meeting. “I know so many people that live in Canada. My parents had relatives that lived in Canada, my mother in particular.” “I love Canada,” Mr. Trump added. “Regardless of anything,” Mr. Trump declared at one point, “we’re going to be friends with Canada.”

https://www.nytimes.com/2025/05/06/world/asia/india-pakistan-attacks.html India Strikes Pakistan Two Weeks After Terrorist Attack India said early Wednesday that it had conducted strikes on Pakistan, two weeks after an attack by armed militants killed more than two dozen civilians in Indian-administered Kashmir. The Indian government said its forces had struck nine sites in Pakistan and on Pakistan’s side of the disputed Kashmir region. Pakistani military officials said that five places had been hit, in Punjab Province and its part of Kashmir.

I am sure @dartmonkey meant Fairfax

+1

I have felt that Charlie's departure would affect him. Giving up the CEO role would further affect him, I think. Will all of these decrease his engagement with the company? Who knows!

Let's hope so. I was surprised by the way the announcement was made. Even the board was not read in. It's unlike Warren to do things on a whim. So he might have thought about this for a while. I wonder, if all is well, why not let the board in on it? Why initiate the transition now?

To keep the spot light on Greg/Ajith, may be. Health could be another reason.

+1

I feel attendance will fall if he is not on the stage next year. Omaha is concerned too. The annual meeting brings $22MM+ in revenue to Omaha, second only to the College World Series! https://www.wsj.com/us-news/as-buffett-steps-down-omaha-is-gratefuland-a-little-worried-6772410e As Buffett Steps Down, Omaha Is Grateful—and a Little Worried Despite billionaire’s frugal ways, his presence pumps up local economy, drawing tourists and packing annual conventions

I feel Berkshire will invest more in India under Greg.

Thanks @schin. I am not aware of any such metric, primarily because I did not look