John Hjorth

Starship Launch 7 : Elon Musk : 'Success is uncertain, but entertainment is guaranteed!' I would say : Likely the most expensive, and advanced!, New Year fireworks - ever!, over Turks and Caicos Islands, and 17 days late! ! :

@73 Reds, I can't help it, I'm actually chukling a bit here! : The answer to your question is : Yes! I'll try to elaborate a bit, later, perhaps it will be tomorrow. I know it reads totally crazy for many, especially for the North American CofB&F members.

@Eng12345, @formthirteen, @Castanza & @73 Reds, It's actually a bit more complicated. What @formthirteen posted above is about taxable accounts, and in that respect true and correct. For tax deferred accounts, the tax scheme here for the return taxation is as follows: Nordnet Bank AB, Danish branch : How is this year's PAL tax calculated? [Google translation]

@Eng12345, Not just full sweep money out of the households accounts, but also subject to a margin call tomorrow for an eventual cash overdraft, if not fixed today. It's actually friggin' crazy to treat citizens this way. I should really get in contact with the member of our legislative body [, called 'Folketinget'], whining for material change. -Every year, I think now is the time to do something about it on the political level, and then - within a few weeks, it's 'just the past', because the view is forward looking!

The socalled PAL-tax withdrawal hit all the households tax deferred accounts today at about 1:30 PM. After working basically most of this week on getting an overview how it all would play out today, I managed to fix it all within an hour or so. Some tax deferred accounts 'fixed' by selling SCHO.CPH, because the account types [called 'kapitalpension'] are abolished and therefore closed for contributions. The others and the rest [called 'ratepension'] fixed by a combination of contributing cash and sellling SCHO.CPH. Terrorist tax collection at its best, no bill in advance, no specifikcation, just a a cash transaction, funds dragged out of the account on the day. Thank God it's now over for this year.

Hamster wheel already, you know, @Gregmal.

I'm going to sell some SCHO.CPH tomorrow, to get coverage for yearly MtM valuation and taxation in tax deferred accounts, to avoid a margin call for taxes in tax deferred accounts. Ohh, well. Naturally, got prepared for what for the Lady of the House to do in that respect, also. Woke her up, in the middle of the night, saying : 'I just fixed it all for you!, - now you really need to ask me out - tomorrow! - Cuckoos Nest will suffice!' Reply : <sleepy> : 'OK...'

Personally, @RockNation, I'm one of those shareholders thinking about Fairfax as a business as a whole, based on a thesis of owning a good business for the long term is the way to build wealth. For the future, let's see.

Almost 11 years, [voted 11 - 20 years here], [FFH.TO] bought the first shares in April 2013, added again in October 2016 [, an add, which pretty much turned out to be a mistake, that now has been autocorrected by the company]. I have considered several times to give up on it during the lean years and to move on. Today, a pretty happy camper here, but non-core position [In the ~3 per cent bunch]. Thank you to Lars [ @Viking ], @Dazel , @Crip1 and all the others contributing massively to the FFH classroom on the school here called CofB&F.

Just a friendly *bump* here, directed at those CofB&F members, who may not yet have taken the poll. And thank you very much to all those CofB&F members, who in this topic have shared with us all their thoughts! At least to me, it's always - each year - an interesting read, to get to know about how you personally think about investing in the recent environment!

This rear-view way of looking at things is by fundamental process flawed, because it is just that : rear-view looking.

This is to me soo funny! - And true, also here on CofB&F during those years! Greg [ @Gregmal ], perhaps we could even add all the 'double dip' talk starting during 2009 and the years onwards to perhaps ~2012.

Thank you, @thowed, Agreed. And that's it. I have tried to post in this topic, based on the above statement of yours, by providing several examples.

Vatnik Soup Looks good!

Thank you, Sanjeev [ @Parsad ], So a 'flow-through' arrangement, the funds eventually ending in Dakshana Foundation.