Spekulatius

My Subaru car loan is serviced by Chase. It showed up in my CC chase accounts just like magic (based on SS number, I presume).

The homebuilders peaked in 2005 and the started to go down before the GFC. The stock peaked at $40 in 2005 and I think it went to $10. You could still buy $DHI in 2020 for ~$25. So definitely not a buy and forget stock in my book. Just my guess that at some point down the road, you can buy this stock again for half what it’s going for now (which would be $58 or thereabouts).

None, I could find really. The CEO Constantin Wanger has shown some skill buying some companies cheap and selling them dearly. I can find some rumbling about Vorwerk, which MBB purchased and then floated for 46 Euro and it’s now trading for 11 and change as it has underperformed. It was overvalued when it was IPO’d and some people are oilseed and blame MBB. Vorwerk is really a construction company that does mostly energy and energy infrastructure projects and it was sold as a green energy play. hard to blame MBB for that though. MBB has done a better job than other Holdings creating value faith Mittelstand or Public co acquisitions. I probably add to my small holdings now that I think about it.

Also joined the deep value crowd buying some shares in SOM. L (Somero) which trades by appointment. My orders executed on different days in separate accounts. A few shares only since it's hard to get a read on business direction, but seems too cheap to ignore.

Yes, I mixed up the two. I was referring to the Raymond James podcast about banking. Thx for clarifying.

@Luca given your preference for compounder Holdcos you should really look into MBB.DE imo. Management is a but quirky but the fellow running it has achieved decent results and it is cheap based on NAV. I have a few shares. Not worth a large bet for me, but certainly good enough for a few shares.

Bought some Fuji Corp 7605 (Japan). Tire discounter in japan. Asian century stocks wrote it up, but I bought it before. Deep value with decent growth. Bought just a few shares though.

It is what it is. We need to live and invest in the environment we have, not the one we want. Ranting about interest rates, the Fed etc does not change the interest rates or what the Fed does. Maybe a low value post but I think it helps with the peace of mind. #Stoicism. I think my only takeaway is not to chase regional banks stocks, but I wouldn't sell anything either.

The other issue with MMM is that the business has stagnated for years. They got some revenue boost from inflation in 2021 but besides that, their earning shave been flatish for years. They did the Neogen spinoff transaction but even accounting for this, there just has not been any growth for many years.

Listening to this is like taking an ice cold shower. These guys are pretty bearish. I do agree that the banking issues cause a credit tightening but by how much is unclear to me.

Russians shooting Russians. There is no retreat: https://twitter.com/WotowiecMarek/status/1668232997672288257?s=20

More on Nordstream - it’s less and less likely that the Russians blew up the pipeline: https://www.wsj.com/articles/nord-stream-sabotage-probe-turns-to-clues-inside-poland-4ed20422?mod=hp_lead_pos2

Energy vampire and what is Xi is doing to the Chinese economy: Or Druckenmiller view :

LOL, future for China is so bright, you have to wear shades. No mention of energy vampire Xi Jinping, rotten demographics , lousy stock market performance, failing Belt and road , debt, real estate malinvestment, aggressive behavior against Taiwan, US etc and you get separated from your money when things get nasty etc.

It all depend on what the US Fed is doing. All the other central banks are more or less just following the Fed, they just have to. If they don’t and the Fed raises rates, their currency will get trashed. It’s especially true for Canada, because their economy is so closely tied to the US economy.

I agree, resolving these forever chemicals will get very very expensive. It’s a bit more like DDT (which is sort of a forever chemical) than asbestos in a way. DDT happened early enough that the companies producing and using it escaped legislation back then but a similar thing now - oh wey….

This Kremlin document exactly confirms that he does not think that Ukraine is an indeed a separate county or what do you think “one people” means ore Putin. Everything in Ukraine that did not go his way like the Maiden Revolution is interpreted as western intervention. It is pretty clear to me that the Invasions was planned in mid 2021. My assumption comes from exactly this document as well as the fact that Putin started to throttle Russian NG deliveries to Europe at about that time and ran the NG storage low, Russia controlled the infrastructure and even NG storage facilities etc in Europe so they could do that and not a lot of people were paying attention. I think it was in preparation of his plan for and invasion, because it made it easier for him to energy black mail Europe or so he thought. Another plan that failed as we can see from the NG wholesale prices. The paper from Duquesne goes into detail into Mearsheimer’s interpretation too as well as the excuses to gain influence and control of neighboring states to “protect” Russian minorities there even though there is no evidence that they are discriminated against. I guess I could go on and on, but at this point this whack a mole is not worth my time. I think I have spent far more time to story the actual history of Ukraine and Russia than most here, not that it makes me and expert, it I reserve my right to have an informed opinion that is not driven by “western propaganda”.

I don’t speak Russian is not good enough to do primary search, but here is his famous “white paper” from 2021, clear as mud: https://en.wikipedia.org/wiki/On_the_Historical_Unity_of_Russians_and_Ukrainians Here is another analysis written in 2016 of Putin speeches which seems inline with what I read in the Book “What everyone needs to know about Ukraine”. Mearsheimer has a very selective interpretation of facts as it relates Putin, imo.

Easy to find sources of what Putin thinks about Ukraine statehood before the invasion. He stated what he things many times as early as 20 years ago, if not earlier. Google search will get you quite a few hits. The book, I mentioned in thr book section of this site had plenty of sources.. https://www.cnn.com/2014/03/03/opinion/stent-putin-ukraine-russia-endgame/index.html At the 2008 NATO summit in Bucharest, Romania, Vladimir Putin told a surprised George W. Bush, “You have to understand, George, that Ukraine is not even a country. Part of its territory is in Eastern Europe and the greater part was given to us.”

Bought a box of vintage 70‘s Sci Fi magazines found through Nextdoor:

But - why would you live in Toronto, if you have $20M? The reason to live in megacities is make money for the most part. There is no reason to stay in big cities if you have the money unless you really like living there for personally reasons.

Oh my -this is seeping up from $DG to $WMT to $TGT to $COST.... What's next - LVMH?

This is a packaged bond - it trades like a stock. Somebody is trading it - likely in Expert markets.

I think it trades in the expert market.

Selling my few shares of GM here.