Eldad

He is becoming Chairman. Probably all set in motion by current chairman David Brandon retiring. I bought some too.

America is good about natural spaces. England and Europe are much better on city beautification. I am assuming the very rich and monarchies paid for it all many years ago. Americans think you are crazy if you don’t build something as cheaply as possible unless it’s a private home or private club or something. Then they go and spend 20k every summer to go vacation in Europe. Aesthetics in your living area are very important to mental well being and happiness imo.

CSU, Topicus, Lumine

The stuff most billionaires buy doesn’t really appeal to me. But I think it would be really cool to beautify/improve my city with schools, museums, ornate fountains, bridges, etc. I would like to be heavily involved and the patron of an elite charter type school in my community (I have a lot of thoughts on that) I would like to have a beautiful parcel of private forest land like 10,000 acres + in one spot close to my home. Boats, planes, art, watches, jewels, wine collections no thanks.

Did Warsh just poleaxe SPCX?

The real estate looks to be very high end. Looks like a bunch on multi-million dollar houses for sale in Niagara on the Lake. Any Canadians have an opinion?

Ha yeah I think Lady Camilla is maybe more of a freak. Didn’t he write her that he wished he could be her unmentionable? Macron is a real head scratcher but I think he had an affair with her when he was a teen and she was his teacher.

Ha yeah I think Lady Camilla is maybe more of a freak. Didn’t he write her that he wished he could be her unmentionable? Macron is a real head scratcher but I think he had an affair with her when he was a teen and she was his teacher.

Haha yeah. And the no collar one makes it worse. It says ”I’m from the future, and I know.”

Race is on to file that IPO as well. Market is now starting to hate all of this. META now at 17x as market begs them to stop.

It was always a sales pitch. Now that the college kids boo the commencement speaker when they mention AI, the AI Corporates pretty much all shifted in unison to this statement. Read this thread about 6 months to a year ago and see who bought it hook line and sinker. Maybe some of the same ones that thought we would never emerge from Covid in early summer 2020.

You are assuming the combined ratio can never go way over 100. Writing insurance in Poland, Ukraine, S Africa etc with 3x leverage is not without risk.

If you put a gun to my head and said you have to buy GOOGL or UA at today’s prices, I would buy GOOGL in a heartbeat. We don’t really know the rational behind either one and should just trust the process imo.

Agree with you two. We will see if Open AI or whoever is last of the three can even go through with it by the Fall.

Wild day. 2 year spiked to 4.18 at one point. Chip blood bath and old economy surge again.

Thanks

Reading through the Annual report and I have a question for you Canadians. Recipe 4% SSS growth is pretty good. These MW Eat restaurants are very high end Indian in London/UK and are an interesting idea for expansion. Olive Garden Canada I would think would be a great thing to own but maybe is not as popular in Canada. Tell me what you Canadians think of these other brands: Swiss Chalet St Hubert Harveys Montanas NY Fries Kelseys East Side Marios Original Joes State & Main Anejo The Landing Elephant & Castle Fresh Pickle Barrel Blanco Bier Markt Any of them worth a damn?

Probably a lot more than you think as far as giant family businesses. Uline, Harbor Freight, SC Johnson, Kohler and of course Chik fil A would all probably be great ones to get.

At the same time WB said like 10 years ago that it would be malpractice to keep so much cash for this long and that he would have to pay a dividend etc, etc.

Yeah with the liquidation of Combs stuff I thought about that as well. Gotta at least stay neutral on the cash position I would think. Hopefully today’s move is in fact buybacks. The old man must be away at a bridge tournament or something.

I’m starting to notice you are usually right. TFII has been a complete home run. I think about KHC often but just can’t do it even though my gut says it will work. BRO is almost as cheap and probably close to as steady without the CPG structural problems. So I just usually buy more BRO when I get the bottom fishing itch haha.

Well we know WB’s conservatism doesn’t project 20 or even 15 % growth rates into the future so it’s different anyway you slice it.

Gotta trust the managers to make those decisions for their company. They spent a large potion of the AGM preaching decentralization.

Maybe the strategic relationship/friendship is seen as critical to BRK longterm planning. GOOGL is the leader in a lot hypothetical BRK disrupters. Also, maybe they get some preferential nat gas/utility contracts out of it. Who knows. If I’m trying to put the stocks more on autopilot and make it a float levered SPY vehicle, I definitely want to buy tons of GOOGL and MSFT and not so much NVDA and TSLA and the Space thingy.

I love GOOGL and around 25x it isn’t the worst, but BRK buybacks are probably a better use of capital here. Hopefully they are buying even more BRK.