UK

It was. Since Covid had scared the shit out of me at the time, for a while I had 70+ portfolio in BRK at ~1 BV:). Another one similar time was in 2012 I think. BRK works quite allright <1.1-1.2 BV, plus unavoidable rerating from that level in 2-3 years.

Quite impressive:

On the other hand, with some luck 1-2 difference is not impossible to overcome either. I like this formula, much easier to do and not to fool yourself vs some deep DCF model:)

Cool stuff!

I think owners earnings overstates FCF here. But 6+2 to 8+3 could be the answer.

Yes, I understand:). And I agree with you re short term flexibiliy, but still, and I think this is personal, because of experience with inflation (but also WB kind of confirming/aproving this view), I would rather just hold cash vs anything longer than 1 year, if it is not yielding at least 8-10 per cent. But I admit this could not be optimal, because I already watched people more smarter and nimble than me on this board, proving this could be handled better:)

I know we had simillar discussion before and I do not know much about trading in bonds, but despite the owerall market, I think I would still rather borrow at 4.3 percent to invest in equities, than invest in 10 year bonds at this rate, for the next decade

2250, but not everything I bid:)

This is nuts, MW moment without MW? Reach for the bucket!:) Can not be that downgrade though? Some kind of flash crash?

Aa, I see, yes:)

Great post! Thanks:)

I do not get it, could you please elaborate what you mean here:)?

Looks interesting. Thanks!

Thanks! Well I am not sure he is interested enough (at least in my view), but I thought I will at least try:). I think having some skin in the game could help. When I was 18yo, my father, who knew nothing about stocks, bough some shares (in only one company:)) on my name (but they were not considered mine), almost exactly at the market top at the time. It was interesting to see these shares to start going down almost the next day after buying, all the way to a ~80 per cent loss at first, then the company merging into a bigger one, and finally recovering and going up 2-3x on the initial investment, all happening in ~6 years and producing ~15 CAGR with dividends in the end. This was quite interesting experience to see all this. I mean, from euphoria, to total despair and apathy, and than again to quite a satisfactory result. And it was not, at least comparatively, some small money for the family at the time. So later, when i started to have some own savings, I immediately remembered all this (and quite successfully started doing mistakes with my own money:)). So for a while, I thought I would try to encourage him to have some experience like this asap in his life, while money are still small. If nothing from all this will come out, no problem with me. It is a shame, that as the underage he can not have securities account on his own name though. So I have opened another account in my name on IBKR and let him do his transactions by himself. We will see if all this be useful, or he will put away and forgot everything after some time (still portfolio could run even this way). Talking (not without some bragging:)) helps. But also timing i think...because at this in the market cycle I see investing very popular and I am seeing lots of unsophisticated people eager to be involved.

I am not sure about the reputation but he is definitely not a laughing stock anymore, at least in my circles:)

This is my sons (13+ yo) portfolio. Started just recently, funded 50/50 between him (~1 year his savings) and me: HSBK 20%, PDD 18%, LQDA 17%, NVO 16%, CVRX 9%, JACK 9%, NU 9%. I obviously has shared my portfolio and watchlist and was happy to answer any questions I can. The only his original position is NU. But as you can see he is very prone for these "at least 2-3x" ideas (most from my basket allocation) and copied only NVO from my main list. Perhaps will be good for learning:). For his age he knows quite a lot about FFH, how much I own etc, yet avoided this in his portfolio, apparently next 12 month upside is not exciting enough. Perhaps also can be good for learning:)

Two last cars I bought where manufactured in US (I think except for their engines), so I think I have done my share:))

Oh, sorry then, totally agree!

Or: allow this and get free lift / join Maduro in his new 5 star hotel

Keep it, maybe this is a place where all these usd reserves will be soon rotated:)))

Volatility in bonds for FFH, is that a risk or an opportunity? Some will say this is an overreaction and I hope they will be right, but I will still say this: I am starting to get much more worried what could happen to FFH, if anything, if Trump, God forbid, will go afer Canada.