gym97

Once you add the cash, what looks like a very concentrated portfolio all of a sudden looks like a very diversified portfolio

I've been a long-time lurker on this forum and learnt a lot, especially early on in my career. Anyways, I've always wanted a "searchable" Buffett and Munger corpus. I've had a lot of notes, random interviews, etc. saved in different folders but with all the rage around Vibe Coding I decided to try something myself and a few weeks later, BuffettMungerGPT.com was born! Hope everyone enjoys playing around with it. I enjoyed asking it question, finding old articles I forgot about, and trying to get it to answer me some questions on how to navigate AI. Its free, no subscriptions, etc. Running the DeepResearch costs me real money so I will likely put some ads up to cover that cost. Hope you check it out and enjoy it. Also, feel free to point out mistakes or suggest improvements. I plan on iterating it and adding new content/articles/videos/podcasts over time. Some interesting charts. Visualizer

for those in Canada, MTG (Timbercreek Senior). They have been buying back shares to narrow the price / NAV discount to their detriment and to shareholder's benefit, i.e. this will lower their fees. Management passes along all loan fees to unitholders (i.e. they have no incentive to churn) and they publicly said that they will be buying shares personally in the last conference call. Unlike the US, in Canada, there is a huge dearth of capital between traditional bank debt and traditional equity, which is where mortgage REITs come into play. Average duration is less than 2 years and exposure to Alberta is minimal. All loans are variable rate. I don't foresee rising rates to be a problem here. They are trading at a 0.78x NAV and I think they are unfairly being lumped in with US mREITs, many of whom may have poorer management incentives.

Asian jewelry retailers.

for anybody that is interested. http://www.fairfaxindia.ca/news/press-releases/press-release-details/2015/Fairfax-India-to-Acquire-45-of-ADI-Finechem-Limited-and-to-Make-an-Open-Offer-for-an-Additional-26-of-ADI-Finechem-Limited/default.aspx

packer, besides liquidity, do you see any disadvantage from holding the savings shares? assuming you don't care about liquidity, it almost seems like the savings shares should trade at a premium given the buzzi family are majority owners anyways. I think buzzi savings shares look cheap but there has always been a discount to the regular common shares.