UK

https://www.bloomberg.com/news/articles/2024-09-17/ukraine-russia-ceasefire-kyiv-s-allies-start-to-look-at-how-it-could-work?srnd=homepage-europe Ukrainians are strongly opposed to any territorial concessions, with 55% of respondents rejecting the idea in a poll released by the Kyiv International Institute of Sociology in July. However, the number of those categorically against giving up land drops to 38% if Kyiv is granted NATO and European Union membership as part of the deal.

Thank you for answering!

Thanks!

+1

https://stratechery.com/2024/the-e-u-goes-too-far/

At least he has good sense of humour:))

I am not sure Der Spegiel is serious source, but: https://www.ukrinform.net/rubric-society/3906009-putin-consults-with-shamans-over-war-media.html

Interesting. So with some (or more than some) luck you expect 17+ percent CAGR for the next 10 years from FIH (btw what was the CAGR of BV of FIH over the last 10 years?), while only 8-9 percent from FFH, but you own 2 percent in FIH and, I assume, since it is core, much more in FFH? Do I get this right?

I hope I will not hurt anybody's feelings, but this one is also good:)

Interesting question. But why would you want to be long anything at all for hedging such scenario? Anyway, I would add BRK to your list of longs, probably would be allright, after some sudden rerating:))

Gfp, do you also think there is a decent chances all these recent moves by BRK and Co could suggest some kind of preparation for a possible troubles in the economy and/or stock market?

https://www.cnbc.com/2024/09/09/geert-wilders-says-the-eu-is-a-monster-that-always-wants-more-power.html

Peace:)? Actually I am not against this centralised rule, only against its stupidity sometimes, but not everything is bad and it could even be good for some young democracy:)

Yea, this is what happens when you have an army of non elected biurocrats trying their best to find something 'usefull' to do:). And caps attached is the least bad of things they have managed to achieve, because presently it feels like whole industries (old, like oil or autos and even newest, like AI) and countries are being shot relentlessly at their feet with a double barrel gun, because of too much of this ESG and green energy bullshit:))

I think and hope there are very good odds we will have a chance to repeat this thread/question after 10+ years with FFH:)

But in my eyes, what you (likely still correctly) did, was even harder to do, than buying it at a time of pitch:). I saved myself from making a lot of money (and probably still do it sometimes) before realising this:)

Not sure if I feel this way, but obviously recently there were many action (and non action) somewhat supporting such hyphothesis of yours. Now, would not be it ironic for most (but perhaps especially M7 type investors) being catched sleeping at the wheel again big time, just to find out that Warren at 84 was driving smartly with his eyes wide open:)))

Buffett did this signaling once with a B share IPO. Not sure the stock was so ahead of itself this time though. But if a price is near fair value and both of them see this, why would it be a problem for Ajit to sell some, without any explanation? Valuation is at the highest level of the last 15 year (and not adjusted for size) and high probability of negative tax changes seems more than enough to explain this action? I personally doubt this is some kind if statement about economy or its future.

Thanks. Well it seems they really do not like the idea this time: https://www.reuters.com/world/europe/putin-says-west-will-be-fighting-directly-with-russia-if-it-lets-kyiv-use-long-2024-09-12/. And honestly I have no idea what would be the best way forward, but I think odds are perhaps better than 50/50, it is only some loud barking one more time?

Thank you for answering!

Dealraker, if in some parallel universe, you were new to a sudden wealth, by say winning a 10 M in a lottery and this sum being your only family asset, how much of it you would put into AJG and/or some other brokerages under conditions and alternatives as of today, given your knowledge and long time experience? I am not sure this question is very fair, but would appreciate your thoughts, if you would share any:)

+1

Luke, I am open minded re Asia and even China, especially if Xi/CCP comes back to their senses:), but the most important thing for me is to figure out long term direction of EUR/USD, and my bet, perhaps not completely by choice, is more on USD (long term) in this regard.

Wow! Did not see this coming either. But this is exactly what I also did YTD, though perhaps on average Ajit did get a better price. I like seeing someone from BRK being somewhat more enterprising and active with the managing of his capital:))

I would not hold my breath for this. At least not until some another serious crisis, the only time when something could be done at all. As WB said some 10 years ago, Euro project without common budget and borrowing is not finished either and nobody knows how this movie ends. Looking relatively things are even more obvious and easier. Just compare the state system in the US, with national states in EU. In one case it is healthy competition and governance innovation (which ever state does best, sooner or later will be copied by other) and it is endless conflict of national interests with some additional layer of non elected bureaucracy. It is obvious for me which system works, but sure you can find what works very well or even better on a country level in Europe:). There are some other unfortunate circumstances, such as ability to control its borders, proximity of Africa or even suddenly Russia now, energy independence, military dependence, but perhaps most importantly demography and immigration, except maybe for GB, which just does not work well in high social spending countries (even low skilled immigrants are mostly coming to US to work, not to receive free money, as most hope by coming to Germany or Sweden) and so on, that just do not work to Europe favor. Add new competition from rising Asia in general and China in particular and try to answer which region between the three is an obvious geopolitical/economical patsy at the table? And yes, despite all this, it is still one of the best place to live and invest and I do both:)