UK

Yea! And apparantly they also have another amusing tradition, at least in Catalonia: Caga Tio:)) "Caga Tió literally means "Pooping Log" in Catalan and refers to a beloved Christmas tradition where a log with a face and hat is "fed" treats by children, then beaten with sticks on Christmas Eve to make it "poop" small gifts and sweets. The name comes from caga (poop) and tió (log), not the Spanish tío (uncle), though it's sometimes mistranslated as "Uncle Crapper" "Shit, tió, hazelnuts and nougats, do not shit herrings, for they are too salty, shit nougats for they taste better. Shit, tió, almonds and nougats, and if you don't want to shit I will hit you with a stick! Shit, tió!" These people sure know how to celebrate:)!

Sorry:). English is not my first language!

The last time US and Israel bombed Iran these powers indeed did some strong verbal intervention:)

Why so much disdain for man:)? Don't you think that he has achieved at least something, even as former comedian? Did Putin with his "second most powerful army in the world" did any better in the last 4 years? What I realty do not get is this idolizing by some in the west of a thug as if he is some kind of Sun Tzu born alive:), but actually who is not that different than Maduro, only with inherited WMD...:))

I think this was already tried many times:)

There are some speculations on possibly Putin being sold by his circle, but as much as one could wish for a such thing, I am afraid this is a wishful thinking:(. But who knows, strange things are happening:)

Yes and it seems John Mearsheimer was/is quite right on how things really work.

I agree.

I do not disagree, except it is hard to pull of in Europe, but maybe Germany awakes and will lead the charge. China is doing it already quite succesfully for quite a while only more softly. My worry is where Putins sphere of influence is in all this:(. Oh and US taking over is probably not the worst thing:)

America’s raid on Venezuela reveals the limits of China’s reach / It is not a template for Taiwan but a reality check on China’s global power https://archive.is/aSu7F

+1

China’s property woes could last until 2030 Despite the best efforts of its social-media censors https://archive.is/D8gdl

https://archive.is/c8H1Q An AI revolution in drugmaking is under way It will transform how medicines are made—and the industry itself

Thanks! Since it is not on the list, I would also add NOVO, not that it is the biggest conviction idea, but it is the only one new larger for 2026+ for me (and FFH already tops the list anyway:)).

https://www.cnbc.com/2017/02/15/charlie-munger-says-trump-is-not-wrong-on-everything-so-roll-with-it.html President Trump “is not wrong on everything. Just because he isn’t like us, roll with it. And if there is a little danger, what the hell, you’re not going to live forever anyway.”

Nice chart! Where is it from?

The Economist: https://archive.is/NVGaa https://archive.is/S3jwF

Because Russia is not Venezuela, especially with regards to nuclear weapons? At least Zelensky did not missed opportunity to joke about this:) https://youtu.be/g2IZLxhksOk?si=YSTWCq_2-wUHPJ1m

What would be implications for markets from all this, if any? 1. Oil price: perhaps bearish? 2. Specific oil companies and oil service sector: bullish? 3. USD: bullish/no effect?

The smoothiness was really strange. Perhaps Maduro was already sold by his generals...

For me, I think I could live allright under Trump...not quite under two other alternatives:))

This is crazy, in a good way perhaps!, especially for US and maybe whole Latam region (Cuba next?). But yes, my imediate reaction/fear is this could also start open seasion in another places with another actors...

+1

It is quite easy to start worying and get this feeling by being here on COBF, but outside I think this idea of FFH the next Berkshire is still very far from being mainstream:). I do not fully understand why (maybe insurance is too boring or perceived as too risky as a business, but perhaps more often it is mischaracterisation of its managment), but actually it is almost comically hard to pitch FFH as an investment idea, at least in my expierence: people would hook on some craziest (or shitiest) idea almost instantly, but still stubornly ignore FFH. I think I had only 2 instances of success out of perhaps 8 attempts:). On the other hand, at the begining I kind of was this way my self:), at first by concluding, that if I will invest in an insurance company, that could only be BRK, then for some 10 years I was in an on/off with FFH phase and only from 2022 began to see it as a larger or smaller, but permanent holding. I really doubt the later has happened with FFH en masse with the general investing public:)