ASTA

Finally I knew this was better than bonds in 2012 on my way to Bengaluru airport to see if it’s any good. 4 day trip $2000 business class paid for by yesterday and I actually saw that one of the few connections that Lufthansa is introducing the new allegris business class is to Bengaluru. Missed the new business class by 1 week o well.

I sold 40% of brk the last couple of months for an average of $435. expenses, PE, and cash are the reasoning and I think there might be better opportunities that might come also, for the first time in 7 years I see that there are maybe better opportunities than brk as a staple holding. Opportunity costs of owning a large % in brk is also on my mind.

Great book cannot remember so much of this guy in the book Antonio Gracias I think a bit but a good refresher and story https://www.forbes.com/sites/phoebeliu/2024/03/22/how-elon-musks-buddy-rode-tesla-shares-to-become-a-billionaire/

Sold exor bought at 26 and still negative on market so bought more PE funds for half and building small 5% cash same reason as in 2021 bought an expensive car at the end of 2021. And now I want to buy an expensive motorcycle “I am to happy” so selling stocks that’s what my senses are telling me.

sold Dis break even thank God only Brk and goog left on USA public equity market. Maybe a bit too contrarian

One of the biggest concerns of the report is that FFH is not hitting its target of 15% per year and Carson speaks about this with passion and seriousness makes me just die inside of laughter. Who cares about that? I can not comprehend why that is number 3 or the number one reason not to like the company.

last two months I sold amazon, meta, mkl, nov and have ffh brk tencent baba dis goog exor bidu left in stocks rest hedgfunds and PE and still fully invested.

The ballad of Lars and Bruno https://www.ft.com/content/ba70c927-ff16-4977-942f-897cfd1349af Bruno Crastes was one of the most gifted fund managers of his generation. Why did he bet so much on the notorious Lars Windhorst? In October 2019, hundreds of wedding guests flew in from around the world to the grandest resort on the French riviera, the Hotel du Cap-Eden-Roc. As the gathered stepped out on to the terrace with their drinks, they saw not only the vast azure plain of the Mediterranean, but also the groom’s 240ft-long superyacht on the horizon. By the end of the night, Lionel Richie, Craig David and Lenny Kravitz had all serenaded the newly-weds. The wedding’s unstated theme was excess, but the groom was not worth billions. He owed billions. A nice longer article about friendship and spending clients assets and how Gifts and free private airplane flights are not always free in the end. Amazing how the red lights were not considered in the end.

Charlie duly Noted will also see some family and friends that are all spread out. As I am going alone might try this tinder stuff to keep me busy:D (I Hope scared) Like a Brazilian friend told me I feel like a ghost I see everything but they don't see me.

Dinar that's a good guess but you have never met anyone with my first passport and will probably never meet anyone with it either or even read about it

Strasburg was full of military police and normal police and makes you uncomfortable compared to the others. I have been in Germany a lot so know the place well, my kids first language and my father is Austrian so know Austria really well. For the next couple of trips I will make it investment oriented so maybe turkey South Korea Japan London and Toronto . So I can have fun but with a purposes. Then already booked Berkshire Hathaway meeting trip to bad really wanted to see Charlie once in my life dam missed it. But will bring my son to see Warren first time for both. Life threw me a curve ball but have to make the best of it. So if anyone lives in those places we can meet up and I can pay for dinner catching up from my youth when I travelled every single holiday from the age of 9 to 24. And my first passport is from a country that does not even exist anymore so travel here I come

Went on a 5 day Christmas market trip basel=ok Starsburg=not good Cologne=amazing and good party Berlin=good and amazing city München=good salzburg=ok Vienna=amazing for couples and family’s Budapest=poor but best food by a mile. so if you ever want to go to a Christmas market in Europe that’s my score. Will travel like crazy this year every two weeks somewhere in the world :d excited

sad day

sold CFR from 2016 wild ride(MC should have been the buy but bought the cheaper stock and Arnault in the newspapers being the richest person alive so trimmed the sector per se). Sold BKNG from 2020

Great chart and up to date numbers on active vs indexing returns of mangers in different asset classes. I think this trend has really been stable for a while. As really big blend US large stocks are hard to compete with actively vs indexing. And the expensive vs cheaper option is a very nice touch explainer. I think the data does not include hedge funds or private equity so if one extrapolates the data one can see where one should choose these options where the difference is the biggest in the mutual fund/etf arena regarding outperformance. Even Warren Buffett Thinks Picking Stocks Is Hard https://www.morningstar.com/articles/1151888/even-warren-buffett-thinks-picking-stocks-is-hard

Terry Smith (fundsmith funds) Having spent the first decade of my career working in a bank and then becoming a top-rated bank analyst*, I find that people often express surprise that I never invest in bank shares. https://www.ft.com/content/831cee08-7250-44e4-b992-8b8d1ec1c516

This week, however, Mr. Munger struck a much more serious tone when he told me: “I’d prefer to live in a world where nobody did anything undisciplined or stupid and so forth, but we don’t live in that kind of a world. And therefore the decisions have to be made for the way the world is, not the way we’d like it to be.” He added: “The way the world is, the government had no alternative but to back all deposits. Or we would have had the biggest goddamn bunch of bank runs you ever saw.” WSJ on Munger. https://www.wsj.com/articles/what-gets-lost-when-you-rescue-markets-d5e4bc32?mod=Searchresults_pos1&page=1

Have been on a fitness learning year. And love everything that Dr. Mike Israetel says regarding going to the gym. In this video he talks about cloning the best bodybuilders or weight lifters. So when I hear him talking about cloning them I thought about cloning stocks from investment gurus and fun to compare the two investing or weight lifting (cloning) in this video. Hope someone might like it. https://www.youtube.com/watch?v=1vCUTIhYk7c

sold schw bought more baba

Bk, wfc, schw, bkng, usb, bac and brk.b small portions

Rdsb, xom, bol.pa, brk-b and abi.br on Thursday Friday morning :-\

bought MHK have limit orders in for bidu, naspers and liberty global

Was in the states on holiday and was stupid to go to ER. For a swab of my 4-month son cost me $7,000 makes me really consider if I ever want to move there. A mix between EU and USA would be good. I do Have 2 million credit card Insurance so I should be good still have to fill the paperwork. Will test if it works :D but childbirth was 700 Euros in EU :D

STO:HM-B anyone has any thoughts on this :D insiders and David Herro have been buying been dead water for 10 years in dollar terms

I think my one year in the army was great for my next 8 years. I had nightmares for 8 years from that(wrong unit) will teach about time management and group psychology and flowing orders. So a cool army summer camp would be super. Went from a c student to a A- in one year :D