longlake95
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Posts posted by longlake95
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I'm I reading the IFRS 17 right? This new convention will be MORE lenient on claims reserves and deferred policy acquisition costs, allowing FFH and other to record an benefit to the owners equity account as they transition. So, when a fat tail event comes along and whacks the industry, they give back all the "benefit" back... shouldn't we be promoting MORE conservative reserving?
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gotta sell something, to raise $$$, if you want to jump on the tech party again. LOL...
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Thinking of selling some HPS.a...
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A little add to HPS.A
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7 minutes ago, mcliu said:
The Canadian government's specialty is to create a perception of doing something without actually doing anything.
And spend billions along the way… remember the “budget will balance itself”…
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LC - that’s probably one of his best interviews ever.
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Bought a little more BRK.b last Friday
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call me crazy...bought a little more WBD.
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Okay, good!
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Prem should be able to use partners like Omers/CPPIB, if he needs “stable” funding. It would be a shame to sell this asset in the 3rd inning.
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If, in fact this materializes, I’m not a fan. India has increasing tailwinds, as the world steps away from China. India is open for business, I think the risk is “low” that India nationalizes major infrastructure assets like BIAL.
Who sells a growing toll bridge?
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I wouldn’t take the recent margin trend as any indication of Fever Tree’s future prospects. They have been hurt lately (last 24 months) with soaring shipping costs, high glass prices etc. those costs are likely to abate as inflation settles down and the new bottling plants are up and running. FEVR is a leader in the premium mixer category. Premiumisation, is a secular shift that is not stopping. People, particularly under 40 now drink/eat premium coffee, beer, spirits and food. Show me a Gen z that drinks Beefeater and cheap-ass grocery store tonic and I’ll show you a unicorn. They seem to have a long runway of growth outside the UK.
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8 minutes ago, Sinbius said:
You all dodged the question...I understand there are cheap stocks...the question was "Do you consider the market on average cheap" ...I made that question because it seems there are a lot of bulls here...
No
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I think the longevity/BRK connection is under-appreciated. It’s one of the many non-financial lessons I’ve learned from WEB/CTM. Living “simply”, minimizing harmful health habits, meaningful relationships with family/friends, minimizing stress and being happy. Stress is way worse for you than a few cokes once and a while. Of course, having a little $$$ helps with the stress factor.
there seems to be alot of old value investors.
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Here's the buyback. 10% of the float and a bunch of the prefs. Also, an automatic share purchase plan so they can buy back even during blackout periods.
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Sold my last remaining position in SBUX last week at $92 1/4. The story here has changed quite a bit, enough for me to move on.
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2 year treasury 12 months ago: 0.207
2 year treasury today: 4.259
remarkable
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8 minutes ago, ourkid8 said:
Ditto, it's too cheap to ignore.
seems like a tightly wound spring, with yields backing up. Solid CR's. Dry powder. 0.8X book... and Prem making better investments. Looks like a 1 ft hurdle. I still think the market penalizes Prem for his past mistakes.... my thesis is that putting 35B to work at 4% might change people's minds...
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Thanks. Okay maybe I will post a little more.
Not sure I can add too much to the big brains around here.
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4 minutes ago, Cod Liver Oil said:
A massive brown bear stood outside my window yesterday displaying his furry junk. Then he climbed a 50 foot oak and ate the acorns at the top. I may be confusing the message but I took that as a sign to buy more hard assets: PCYO and Itafos today.
LMFAO
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added a little FFH
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What are you buying today?
in General Discussion
Posted
FIH.U