UK

https://www.bloomberg.com/news/features/2024-11-03/luxury-crash-deepens-for-europe-s-lvmh-kering-as-chinese-shoppers-stay-away?srnd=homepage-europe

Well for sure all this is way above my paygrade to answer:). But I quess Ukraine will get some more millitary equipment from the outgoing US administration so the question of sudden defeat would be postponed for another 6 or 12 month. But I think the real question is what will happen if US elections is won by a candidate promising to end everything in a few days. But would it necessarilly mean some kind of peace (temporary or not) or even more escallation (IIRC Trump himself boasted he once suggested that he would have bombed Moscow if Russia invaded Ukraine), anybody's guess is as good or likelly better than mine:). I pesonally think the chances of some kind of a truce or a frozen conflict are much higher with him. https://www.wsj.com/opinion/donald-trump-the-bully-with-a-heart-of-gold-2024-presidential-election-dd922dd6 Vladimir Putin knows it too, in Mr. Trump’s telling: “I said to Putin, ‘Vladimir, we have a great relationship.’ I got along with him great. He’s a different kind of a character, I will tell you, much different than anybody under—I knew him very well. I said, ‘Vladimir, if you go after Ukraine, I am going to hit you so hard, you’re not even going to believe it. I’m going to hit you right in the middle of fricking Moscow.’ I said, ‘We’re friends. I don’t want to do it, but I have no choice.’ He goes, ‘No way.’ I said, ‘Way.’ I said, ‘You’re going to be hit so hard, and I’m going to take those f— domes right off your head.’ Because, you know, he lives under the domes.”

But what else he is going to say officially? Perhaps It is not unlike a CEO of a failing company, expressing his optimism to the end, no mater realities. https://www.economist.com/europe/2024/10/29/ukraine-is-now-struggling-to-cling-on-not-to-win The gloomy mood is evident in a shift in America’s language. Senior officials like Mr Austin still strike a confident note, promising that Ukraine will win. Those involved in the guts of planning in the Pentagon say that, in practice, the ambitions of early 2023—a Ukrainian force that could take back its territory or shock Russia into talks through a well-crafted armoured punch—have given way to a narrow focus on preventing defeat. “At this point we are thinking more and more about how Ukraine can survive,” says a person involved in that planning.

https://www.nytimes.com/2024/11/01/us/politics/russia-ukraine-war.html American military and intelligence officials have concluded that the war in Ukraine is no longer a stalemate as Russia makes steady gains, and the sense of pessimism in Kyiv and Washington is deepening.

Gee, when FFH will get BRK like famous one day, the guy will get infamous to the same degree, if he stays so stubborn:))

Now, I admit I am a little bit off line these days (Autumn school holidays:)), but does anyone has a good explanation of what has happened with FFH price yesterday:)? The results seem to be great, insurance in particullar, but does anyone expected this kind of market reaction? I do not see any news of them being added to that index or something, which was my first thought after seeing the price action:) No drama longterm wise though. Still cheap. Keep calm and carry on:)

Sorry if this was posted already recently, but there was a podcast and video with Ben last year: https://youtu.be/pJ7AKSQ2xBc https://vimeo.com/862872315 I think he is quite bright and still very young. Looks promising as a steward of FFH in the future.

Thanks!

Yet this is not only about Muslims...too extensive safety net really do wonders anywhere and with anyone:) https://www.ukrinform.net/rubric-society/3922033-zelensky-300000-ukrainians-neither-working-nor-looking-for-work-in-germany.html

After 4 episodes I just love Fargo 5 season. They really righted the ship:). And its soundtrack (Prodigy!:)). And its accidental timing coincidence with real Halloween:)

https://www.economist.com/briefing/2024/10/24/glp-1s-like-ozempic-are-among-the-most-important-drug-breakthroughs-ever

https://www.bloomberg.com/news/articles/2024-10-24/maurizio-cattelan-s-duct-taped-banana-could-sell-for-1-million-at-sotheby-s?srnd=homepage-europe

+1

Just look at Italy or even France then:). I think this problem will emerge sooner or later and it will be much larger than with Greece. Perhaps Japan will hit the limits first though.

+1

+1

https://www.bloomberg.com/news/articles/2024-10-22/jpmorgan-at-odds-with-goldman-sees-solid-run-ahead-for-stocks?srnd=homepage-europe Over at JPMorgan Chase & Co.’s asset and wealth-management divisions, analysts offer a more benign outlook. They’re anticipating that US large-cap equities — the big company stocks that have driven much of the recent gains — will remain a pillar of investors’ portfolios and return an annualized 6.7% over the next 10-15 years.

https://www.bloomberg.com/news/articles/2024-10-23/schwarzman-says-us-to-avoid-recession-no-matter-who-s-president?srnd=homepage-europe

https://www.reuters.com/world/europe/ukraine-drone-attack-damages-distilleries-russias-tula-region-governor-says-2024-10-22/ Now this is serious escallation:)