UK

+1

Besides my equities I currenty have 20+ cash position:)

BRKB, FFH, META, JOE, ERF, RTO and a few smaller positions.

https://www.economist.com/europe/2024/12/02/how-ukraine-uses-cheap-ai-guided-drones-to-deadly-effect-against-russia

https://www.investing.com/news/stock-market-news/exclusiverussia-approves-320-million-sale-of-carlsberg-assets-to-local-businessmen-document-shows-3750593 Some compensation I guess...rule of law:))

Too much of a good thing can be wonderful:)

https://www.bloomberg.com/opinion/articles/2024-12-02/the-wrong-oil-price-is-truthfully-a-problem-for-opec?srnd=homepage-europe

https://www.bloomberg.com/news/articles/2024-12-01/bulgari-ceo-eyes-india-for-growth-as-china-luxury-demand-weakens Babin downplayed the luxury industry’s slowdown, saying this year’s relative weakness is due in part to comparisons against an unusually strong 2023, when demand was fueled by consumer savings built up during the Covid-19 lockdown years.

Oh boy:))

True, and 'vodka' is diminutive of voda or ‘water’.

IB. Reliable, low cost, safe. I think it currently pays higher interest on my cash balance than 12 month term deposit at my local bank:), currency conversion is also basically free vs like 1-2 percent at bank. The only better option perhaps would be to have an account at IBUS instead of IBIE, but I am not sure it is possible to do from Europe, at least using IB directly.

I think he is a very good investor with a very good track record, but more like Druckenmiller, so perhaps he also could change his mind very quickly. You do not need him to see that China stocks are quite dirty cheap though. But for me personally, especially in terms of high conviction bets, they remain in not good sleep territory, because of all these non fundamendal questions. Could be a mistake, but I am still mostly only watching.

Perhaps as things stand today all this mismatch is still quite fixable...at least by reducing their overcapacity first. Sorry for the black humour:)

Yes, I am not sure either and really have no idea or big conviction. Could you explain how do you hedge it?

https://www.bloomberg.com/opinion/articles/2024-11-26/dollar-euro-parity-winter-is-coming-for-europe-in-more-ways-than-one?srnd=homepage-europe

https://www.wsj.com/world/europe/europe-cant-make-ukraine-enough-weaponsso-its-paying-kyiv-to-do-it-f9b86bf0?mod=mhp Ukraine will still rely on Western allies for advanced weapons such as Patriot surface-to-air interceptor missiles. But officials say the new approach will allow Kyiv to acquire weapons faster and in greater number than waiting for European arms to be produced. Ukraine can do this because its arms industry is operating far below its production capacity—30% of its potential, by some estimates—because of insufficient funding. ... “Ukraine was the heart of the Soviet defense industrial base, so they have a lot of know-how when it comes to manufacturing complex systems,” Ciaramella said. Supporting Ukraine’s defense industry lets the West help ensure Ukraine’s long-term self-sufficiency, he said. Meanwhile: https://www.ehttps://www.economist.com/europe/2024/11/24/ukraines-warriors-brace-for-a-kremlin-surge-in-the-south But Ukraine’s systemic weakness is clearly taking its toll on the morale of its front-line fighters. With no hope for rotation or demobilisation, some of the once most committed now wonder if a ceasefire might be the only way out. “Chechen”, the brigade officer leading the new soldiers’ training session, says he remains determined to fight to the end. “Giving away territories to these disgusting people is no guarantee it will stop.” But he admits that fewer soldiers than ever share his resolve. “It’s not even 50-50 any more, but 30-70.” Lemberg puts the situation in even starker terms. “In 2022 I was ready to tear the Russians apart with my teeth,” he says. “In 2023, I just needed rest. This year? I almost couldn’t give a fuck.”

https://www.bloomberg.com/news/articles/2024-11-25/why-real-estate-stocks-took-a-hit-as-developers-cheered-trump?srnd=homepage-europe

Do not forget, that according to MW it is almost worthless:))

I think that today his JPY position is hedged by issuing JPY debt.

https://www.bloomberg.com/news/articles/2024-11-22/texas-raises-pressure-on-chinese-investments-with-exit-order

+1. Perhaps also could be not so short term thing:)

Rewatched this classic:)

https://www.reuters.com/business/media-telecom/telecoms-cable-linking-finland-germany-likely-severed-owner-says-2024-11-18/