John Hjorth
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Posts posted by John Hjorth
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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.
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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 ]
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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].
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13 minutes ago, RedLion said:
So my stock picking hobby may not be such a bad thing after all!
Yeah, naturally I was just kidding, @RedLion,
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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.
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-Now back to topic!
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27 minutes ago, RedLion said:
I’ve had a similar realization, and it makes me wonder if I should just stack my money in s&p500 and go spend the next 30 years drinking Mai tais on the beach.
It doesn’t help that I’ve massively outperformed the past few years, likely just providing confirmation bias.
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.
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Absolutely awesome. It do not exactly harm anything either, that she is a piece of eye candy.
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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.
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45 minutes ago, Spekulatius said:
Well said. Germany never thrived because of trade with a Russia. The NG dependency from Russia was a self inflicted wound that could have been voided by Merkel. It wasn’t necessary to drive the German industry.
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.
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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.
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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.
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Yeah, it will certainly be exciting and interesting to see, what he has been up to, over time.
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14 minutes ago, yesman182 said:
I don't know what he will buy, probably more of what he already owns. I doubt he is raising this money, just for the sake of raising the money.
Yeah. As if Mr. Buffett did not already have access to lot of cash and cash equivalents.
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2 hours ago, Gregmal said:
Think its very clearly in the interests of a lot of the establishment to keep this and Ukraine going.
Greg [ @Gregmal ],
Are you above here [as quoted above] referring to the military industrial complex?, or what else?
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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.
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So what are we speculating? Isen't he just buying more 'Sogo Sosha'?
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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?
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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.
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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.
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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!
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4 minutes ago, DooDiligence said:
Speaking of haircuts, he has a nice forehead.
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.
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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.
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41 minutes ago, Gregmal said:
Yea I remember people selling their stocks in February 2022 and telling us how big a deal Russia/Ukraine was was well. This was widely expected Friday during trading so again is probably just the drama queens and noise boys gambling on….idk what.
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.
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22 hours ago, SafetyinNumbers said:
I think this is what he’s referring to.
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.
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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!
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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.
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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!
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2 hours ago, SafetyinNumbers said:
I think this is what he’s referring to.
Thank you very much, @SafetyinNumbers,
This must be what Mr. Watsa is referring to in the shareholder letter.
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23 minutes ago, cubsfan said:
That's an interesting take.
No mention of the last 4 years where the Biden administration works to turn this country upside down and use law fare to block his only political opponent from running a Presidential campaign.
Nothing to see there.
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.
What are you buying today?
in General Discussion
Posted
Started with small positions today in :
FABG.STO [Fabege AB, Stockholm, Sweden], &
WIHL.STO [Wihlborgs Fastigheter AB, Malmö, Sweden].