John Hjorth

Bloomberg - Politics [24th April 2024] : Russia Threatens to Increase Strikes on Ukraine Over US Aid. Just the usual Mainstream Media bull shit, - here, from Bloomberg.

It appears that Mr. Ridley - beside this book - has an extensive authorship attached to his name, that appears attractive, -at least for me, personally. So, thank you for directional guidance here James [ @james22 ] .

Started with small positions today in : HUFV A.STO [Hufvudstaden AB, ser. A, Stockholm, Sweden], ENTRA.OS [ENTRA AS, Oslo, Norway], & WALL B.STO [Wallenstam AB, ser. B, Göteborg, Sweden].

Yeah, naturally I was just kidding, @RedLion, . The fact is [at least I personally consider it a fact] that what you have hoarded, processed and taken in while practicing stock picking, noone can take away from you. You have become a much more - and better informed - a much more knowledgeable person and citizen in a wide range of aspects. Such side effect can't be said to be attached to the majority of hobbies, I think. - - - o 0 o - - - -Now back to topic!

I have read somewhere that this should be an extremely unhealthy component in the diet for red lions. However, I can't find it right now though.

Absolutely awesome. It do not exactly harm anything either, that she is a piece of eye candy.

From what I have read about the recent war sitution and the support package is this giant war support package to Ukranie from USA is not going trigger any European ally to losen up with similar support activity that we have just seen from USA, -at the contrary, likely instead it is and works as stimulation and motivation of the war support at USAs European war allies. Personally I think that what i.e. Mike [ @cubsfan ] has written earlier above in this topic about the overall and present European sentiment and political situation related to the war is quite precise.

Yeah, @Spekulatius, Add to that the German decisions to abolish German nuclear energy before the nuclear power plants EOL, by now amplifying the issues, those decisions in this regard in clear retrospect have turned out to be nothing less than dreadful and very costly, leaving German former energy giants such as E.ON and RWE behind almost as zombie companies laying around in rubbles. CoBF topic : The Direction for Future European Energy : Eurelectric : Statement.

Let's hope for a more - over time - reliable, consistent and smooth support to Ukraine going forward from those nations and institutions, who support Ukraine under its warfare against Russia.

What a disaster. Pretty much everyone in charge of staying cool and to think twice based on reason, and that have that obligation to their own citizens, have lost about all natural sense and reason. What a disgraceful chapter in the history of human mankind. It's soo embarrassing.

Yeah, it will certainly be exciting and interesting to see, what he has been up to, over time.

@yesman182, Yeah. As if Mr. Buffett did not already have access to lot of cash and cash equivalents.

Greg [ @Gregmal ], Are you above here [as quoted above] referring to the military industrial complex?, or what else?

@AzCactus, Great to read that my comments above were of quite limited relevance and utility to you, simply because you already were aware of these dimensions of the whole situation related to yourself.

So what are we speculating? Isen't he just buying more 'Sogo Sosha'?

@AzCactus, Have you considered the legal aspects of you are comtemplating to do - with regard to your personal liability? The situation with regard to making changes can't be trivial, also taking into consideration an asset base of USD 600 K, which can't be considered a trivial amount of money. I mean, the combination of issues with personal stage 6 dementia at the person, combined with personal issues between the person and that persons off-spring isen't exactly a catalyst nor an incentive for doing anything, or changing anything, because of the possibility being held personally liable if something you decide and initiate turns out to a bad outcome. What is your existing mandate with your grandma, and what is the agreement basis with the direct decendants - if any, by now? - - - o 0 o - - - I have personally been in a similar situation with my dad [now passed away, so late dad] back in the end of 2013 / early 2014. It ended up working out quite well, but certainly not as originally planned and foreseen, with some very unpleasant experiences for me as the outcome of that as result, and this was not even related to the return of the investments - no, my original assumptions about who would inherit my father did hold up in the end, because my father outlived two of his four sons [I haven't tried to calculate the a prori probability of that ocurring, but it's very, very low]. I had a clear written investment mandate from my father [power of attorney with the involving banks], and an oral agrement with my father and eldest brother always to inform and consult my eldest brother in material matters, materiality judged by discretion and some leeway.

I just ordered this book today, based on the mention of it today by Vinod [ @vinod1 ] in the discussion of the recent success and run-up of Fairfax Financial Holdings. [ Link to Vinods [ @vinod1s ] post.] Reading the posts in this topic made me order the book. Thank you and H/T to Vinod for giving the direction to me here today. - - - o 0 o - - - The spring is here in Denmark now, we have left the dark period and the time for doing other stuff than reading and being indoor generally is gradually coming to an end - But, - as always : Never go down on unread books!

Yeah, listening to Jack Manley is the way to go! <*cough-cough* <out of sarcasm>> Disclosure : That said, quite content JPM shareholder during now quite some years.

Jack Manley . Why is Jack Manleys opnion important here?

Bloomberg - Markets [April 16th 2024] : Fire Engulfs Copenhagen Landmark Old Stock Exchange Building. This is an event for Denmark and Cpenhagen comparable to what happened in Paris to Notre Dame now five years ago. The old stock Exchange building is about 400 years old and is a landmark building in Copenhagen. The building was under renovation, and it has functioned and served as the HQ and premises for Dansk Erhverv [translates from Danish to English to "Danish Chamber of Commerce", which is a quite powerfull Danish network for companies within Retail, Service, IT, Transport, Tourism and Health industries in Denmark. It is one of the largest business organizations in Denmark with more than 375 employees and offices in Copenhagen, Aarhus, Brussels and New York. The building is owned by Dansk Erhverv and is insured at If Forsikring A/S, an insurance subsidiary of Finnish Sampo Plc. [<-I own it] and all kind office assets owned by Dansk Erhverv is insured at Protector Forsikring AS [<- I own it]. The building was filled with historical art, that is irreplaceable [being a material component of the art consisting a part the the total cultural inheritance for Denmark, of which some of it was saved, the rest lost in the fire.] I haven't been able to find out who is the owner of that art, and how it may be embraced by insurance, if any.

I do remember it, too, althougn while didenn't sell anything because of that. I disagree with you about if this was a big deal a not. To me, it was, still is, an continue to be. That said, thats about what to to get out of @Lucas sensationalism / meain stream news media posting style in this topic, by now.

Now I have had the time and opportunity to read the whole thing, and the philantropy programs inside Fairfax group are financed by the employeés in Fairfax Financial Group, not the Fairfax companies, so this is not a cost at group level, instead it rests on the shoulders of Fairfax employeés. The whole thing in this ESG Report about this is resonating rigingly hollow. It's simply false information. - - - o 0 o - - - I have dived a bit into Mr. Watsa's donations to the Dakshana Foundation set up originally by the original Pabrai couple [now diworsed] : 2022 - $1,001,255 [#1 donor for the year], 2012 - $1,004,819 [#1], 2020 - $ 997,001 [#1], 2019 - $ 970,404 [#2], 2018 - $ 976,003 [#1], 2017 - $1,034,288 [#1], 2016 - $1,000,150 [#1], 2015 - 1,002,761 [#1 - number rounded! ], 2014 - $1,046,836 [#1 - number rounded], 2013 - $ 948,129 [#1] [='Watsa Family'], 2012 - $ 1,000,000 [#1][='The Watsa Family'], 2011 - $1,000,000 [#1][='The Watsa Family'] 2010 - $0, 2009 - $0, 2008 - N/A, 2007 - N/A, 2006 - N/A, & 2005 - N/A. - - - o 0 o - - - This is a serious amount of money - USD 12 millions since 2011, and counting, and likely ex. 2023 [unless 2023 is $ zero]! It tells us quite a bit about Mr. Watsa and how he is wired!

Thank you very much, @SafetyinNumbers, This must be what Mr. Watsa is referring to in the shareholder letter.

Mike [ @cubsfan ], It's just the usual modus operandi for your way discussing things in an unordered manner for now years here on CoBF by instead of introduccing contunterarguments to what was posted here, in casu here by @TwoCitiesCapital was brought to the table for you, by your counterpart discussionswise here, you simply attack the other part with something else. To me, this is called mud sliding.

In the Fairfax Shareholder Letter released by Mr. Watsa on March 8th 2024 for 2023, on p. 33, lower part, I found this today : I'm nosy about this activily, but today I haven't really been able to find reporting on this as promised by Mr. Watsa anywhere I looked. I suppose I'm not looking at the right places. Any help from any fellow board member about this will be greatly appreciated, thank you in advance. - - - o 0 o - - - Just for information for those, that may not have any knowledge about it by now before I'm writing this : Mr. Watsa has beein a material donor - [personal donor, that is, [not Fairfax]], to Dakshana Foundation [set up and formed by Monish Pabrai and his former wife Harina Kapoor in 2005].