UK

Thank you very much!

Thanks!

BRKA @ ~15.5?

Is it fair to conclude that their duration of insurance liabilities decreased quite substantially in last six years, from this info bellow?

Thanks!

Thanks!

Nimble move:). Curious if you sold it all / for good or until somewhat lower valuation?

Plus: "When you put all of that together, we look at that operating income of $4 billion as a pretty conservative number."

"In the fourth quarter of ’23, the net earnings of $1.3 billion included pre-tax net expense of $781 million, and the net earnings in the full year of 2023 of $4.4 billion included a pre-tax net benefit of $210 million related to IFRS-17. The pre-tax amounts are reported within two financial statement lines in the consolidated statement of earnings." It seems that this item has reversed back quite a bit in q4?

https://en.wikipedia.org/wiki/Hampi I really liked this place and remember traveling to it via Bengaluru.

Second bullet: "The aggregate projected loss of the top three concentrated stocks (and their derivatives) will be compared to what would otherwise be the aggregate portfolio margin requirement, and the greater of the two will be the margin requirement for the portfolio." Does this mean that for an account, with a large position in FFH, margin requirement will be calculated as if it's top 3 positions were zero: at the extreme no margin, if an account has less than 3 positions, or a big reduction of it, by zeroing top 3 positions? Is this normal/common practice by IB?

Rotated some META into more FFH:)

Thanks for these snippets!

+1:)

Yes, but didn't they supposed to accumulate their position (short) before the publication? This seems plausible and maybe also would explain the quality of the work:)