MungerWunger

the bulk of the adjustments to go from GAAP to Non-GAAP EPS is from Stock-based and deferred compensation expense ($ 4.69) From their earnings release: https://www.adobe.com/content/dam/cc/en/investor-relations/pdfs/11214202/a56sthg53egr.pdf

Just turned 31 and starting to feel old. It looks like I fall in the most common age bracket of the poll !

Appreciate your fairfax posts as usual @Viking I think you made a lot of people a lot of money

He did another interview recently: https://mp.weixin.qq.com/s/nwdP3GR-H8-m94NUnlsM-g

Merry Christmas to all !

nibbled on some TOI.V

really enjoyed this one! John Bragg: The Blueberry Billionaire [The Knowledge Project Ep. #204] https://fs.blog/knowledge-project-podcast/john-bragg/#:~:text=John Bragg is the Chairman,company he founded in 1968.

^ and Mitsubishi owns ~ 50% of Lawson. Would be interesting / cool if Berkshire owned a piece of each of the big 3 convenience stores in Japan (7-Eleven, Lawson, and FamilyMart)

Added to GOOGL

Shooting fish in a barrel with the water drained out

I am fairly concentrated in Constellation Software like some of the other forum members on here.

Ted made a bunch of money in his personal account with his Dillard purchase: https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-ted-weschler-dillards-stock-sales-return-2022-2

30.

@Viking Big fan of your fairfax posts! Just curious what % of your portfolio is allocated to the company if you don't mind sharing

Constellation Software shares which I first purchased on January 2, 2019 at $ 862 per share and have continually added to since (currently 33% of my portfolio) . Special shoutout to @Liberty whom I have been following from afar for years now

MW questions to management for tomorrow's earnings call: https://d.muddywatersresearch.com/content/uploads/2024/02/Fairfax_MWQuestionsForQ423Call.pdf

short report: https://www.muddywatersresearch.com/research/ffh/mw-is-short-ffh/

I think Bill G. owned ~ 50% of Microsoft when the company first IPO'ed