Hektor

https://www.wsj.com/world/china/chinas-recovery-picks-up-as-stimulus-measures-sink-in-8e0d4678

https://www.nytimes.com/2024/03/22/technology/china-ai-talent.html

https://finance.yahoo.com/news/china-loosens-cross-border-data-134027656.html

How about Jamie Dimon? Or Todd Combs (if not now, then sometime in the future)?

Or they might be here, but we did not find them

https://www.washingtonpost.com/business/2024/03/07/ai-data-centers-power/

https://www.wsj.com/world/china/the-world-is-in-for-another-china-shock-3d98b533

https://www.wsj.com/business/entrepreneurship/warren-buffett-tracy-britt-kanbrick-fb304a50

https://fortune.com/2024/02/06/immigration-labor-force-soft-landing-paul-krugman/

This seems to have a cascading effect

https://fortune.com/asia/2024/03/01/byju-raveendran-byjus-downfall-valuation-shareholders-ceo/

AI could displace the white collar/knowledge worker too. Probably more than the working man. I guess most of these are not imminent and are a long way off.

It will be interesting to see what the rolling p/b for brk was during both periods. And how brk would have performed vs spx when acquired at p/b less than 1.2 or 1.3.

https://fortune.com/asia/2024/02/26/jack-ma-vs-ken-griffin-ant-group-outbids-citadel-credit-suisse-china-investment-bank-ubs/

Thanks @juno323. Looks like people were incentivized to learn piano "Its popularity also grew as China began providing incentives for children to learn music, leading to a strong correlation between piano playing and educational success. For the past couple of decades, students who hold advanced certificates in classical piano have been able to earn bonus points toward highly competitive college entrance exams."

Pay cuts! Sound like what happens in a capitalist system. "her husband’s salary and bonus as a bank worker were slashed in half over the past two years" "After her husband’s pay at a tech company was cut last year, quitting piano seemed the obvious choice."

I feel the "no possibility of eye-popping performance" is a first step in setting that expectation.

I hope the stock swoons Monday on the fear of "social inflation impacting BHE" and "the railroad not being as solid as it was thought to be"

It looks like they took a non cash charge for probable wildfire related losses. This amount will be paid out in the (probably distant) future, and might not be the same as the charge they took. Is this the right understanding of the wildfire related losses?