John Hjorth

Greg [ @Gregmal ], The book I mentioned above by Morgan Housel would actually serve your needs expressed earlier in some other topic here on CoBF by you about how to get your kids on a good path in life, but when your kids are older than now [, which I recall as <=10 years old]. Like late teen years, and in drips. The good path does not start with investing, it starts with saving, and all the math and logic related to the concept of saving.

The actuality of this topic seems to be permanent and never fading. If any of my fellow CoBF members has a person in own sphere near and dear to you where you may aware of that particular person with such challenges as to : Managing debt Navigating the financial marketplace Building savings Budgeting I will just say it can be a hard task to open up a such discussion with another person, so please think carefully about how to do it, because it's likely highly sensitive for that other person. Most likely challenges are about several bullets above, because they are interconnected. A way to start could be giving a book gift with some well thought out words delivered together with it : Morgan Housel : The Psychology of Money [ CoBF topic ].

He doesn't exactly have the prospects of soft house arrest either. ['Soft house arrest' defined as : 'Your package from FedEx is expected to arrive 8 - 18'.] Using leverage to invest in 'assets' generating no cash flow at all while holding the assets - what could possibly go wrong?

Yeah, I've been puzzled lately there is so little information in MSM about what's going on. The most logical explanation : Not much is going on.

Tass News Agency Press Release [October 30th 2023] : Nothing can justify bombardments of civilians in <fill in the blanks your self> — Putin. Isen't this person just something very special and truly outstanding - here, hardly holding back tears.

Thursday, James Dimon was called by his wife, that he should bring home some toilet paper from work, while the household was running low on it, which - together with other tings - , caused him to decide to sell a bit, which again generated yet another market leg down [you heard it here first] : JPM 8-K [October 27th 2023] : Report of unscheduled material events or corporate event.

Thank you for sharing your analysis here, @gfp, After spending just a bit of time revisiting this acqusition again, your analysis appears to connect the dots in my opinion to perfection : Stepwise clean-up process. Pilot Company Press Release [April 10th 2023] : Pilot Company welcomes two new executive leaders. For the sake of the proportions of it : From Berkshire 2023Q2 10-K : So the item at hand for dispute is measured at USD 3.370 B end of January 2023 by Berkshire, and we are talking about goodwill and other intangible in total of USD 13.309 B, while the item at dispute at EOP 2023Q2 was measured at USD 3.210 B by Berkshire :

YouTube - Bloomberg Originals [October 26th 2023] : Documentaries : RUIN: Money, Ego and Deception at FTX. Better than Netflix, I would say. What a scoundrel, hack, distance aperture and empty suit [, while in T-shirt and shorts]. Just a wicked thief. My class teacher in high school sometimes used the term and talked about 'rich people's stupid and dumb children'.

I still don't get it. And I won't. Novo Nordisk A/S CEO Lars Fruergård Jørgensen is totally zipped in his public communication. Ely Lilly doesen't [even] have an approved product [in any country] yet. In short, please get real and please make up your own mind, based on your own work on fundamentals, not this rubbish and *BS* about the behavior of sell-side analysts, downgrading, tailwinds, adversily affected ownership, combined with statements about a lot of stocks will become ridicously expensive, while the others wll be [reasonably] cheap.

What makes you think this is important?

KAL's cartoon October 21st 2023 :

To me personally, this has gone totally overboard in the MSM, and likely much of it highly speculative, simply because the speculations are undocumented and not founded in realia. - - - o 0 o - - - Here is one of the latest ones : Bloomberg BusinessWeek [October 18th 2023] : The Ozempic Effect Is Coming for Everything From Kidney to Heart Disease Treatments. It appears and looks realiable and trustworthy on surface, and contains a lot of links to 'socalled sources'. These sources are - most of them [- I haven't checked them all, so can't say for sure it's all of them - ] are other Bloomberg articles, released earlier on the matter or about adjacent topics. Then you can check the sources in the underlying 'source'-articles, and you find other yet earlier Bloomberg articles as sources, that also do not contain any factual news or information about it from an outside Bloomberg source with some professional credibility. Then you start scratching the top of your head, asking your self : "Where did it actually come from?", going back / returning to article that linked to that particular place, and you realize that there aren't any links to or specific guide to basis for the written statements in the article for its central statements, generating the actual headline of the article. [<- Translation : WTF?!] Journalism at its finest. - - - o 0 o - - - The article is partly subscription protected, and contains this [, which I don't know what to think about - also thinking Novo Nordisk and Eli Lilly should focus on ramping up on production capacity and on work for approval, instead of 'chasing everything'] :

This phenomen is not only observable in the United States, it's the same develoment in MSM coverage here in Europe, too.

KALs cartoon this week [on second thoghts he may be missing inflation and interest rates? [-Perhaps that no-name monster just below 'Pandemics' may be one of them? ]

Bloomberg - Markets - Fixed Income [October 11th 2023] : KKR and Carlyle Take No Carry on New Private Credit Funds. It appears to me like everyone is running in the same direction with the tongues hanging out of the mouth. The real question is if the dicks are hanging out of the zippers also, and what body parts are making the decisions - the brains or the dicks? Private credit funds based on open ended funds structures? Please give me a break. This is going to go bad - very bad. Private credit commoditization in this industry at its finest? - - - o 0 o - - - Bloomberg - Markets [October 11th 2023] : Oaktree’s Howard Marks Urges Significant Allocation to Credit Market. Oaktree Capital - Howard Marks memo [October 11th 2023] : Further Thoughts on Sea Change. Prelude : Last line :

I have to say, that I really appreciate, that you pick up this topic again for a further spin, @Spekulatius , During the last two weekends I've been looking at Blackstone [BX] too, compared to Brookfield [BN]. Here, I also have to say, that what you give is what you get, related to investors for a listed company like BX or BN, is likely [to me] what we see here. And I personally think the dispersion in this actual case as documented by you above is exactly about that. BN is in the stone age reporting wise related to own investments in funds set up for covering clients needs, - compared to BX. And shame on BN for that.

I don't know if this is of any real help here, but a search gave me this [at least it smells a bit like it] : Seach results from Google in Google Books.

Itchy Feet’s Map of Every European City [October 10th 2018]. A must-have reference tool for every investor interested in European Real Estate. - - - o 0 o - - - Itchy Feet’s Map of Every American City [October 17th 2018]. A must-have reference tool for every investor interested in American Real Estate.

Bloomberg - Pursuits [October 6th 2023] : Berkshire Hathaway's Charlie Munger gives $40 million in stock to California museum. - - - o 0 o - - - Charles Munger SEC Form 4 dated October 5th 2023.

That reads logically and very likely, @gfp. We could perhaps add to that, that BNSF is now Mr. Abels turf, not Mr. Jains turf, so if it could be done now so to say for free, it makes good sense also in that respect.

I personally think there is a lot to think about with regard to the concept of "treatment" in todays medicine. In some cases, it's to me 'just' a lie, diabetes being one of them. [Pardon my French here.] Threatment as in 'keeping things in check' is certainly not the same thing as a cure [once and for all].

lol! - This is just so extreme, that it's almost beyond imagination! I visualize a meeting between Mr. Buffett and Mr. Jain, at Mr. Buffetts office, going like this : Mr. Jain : "Warren, I need you to get rid of the railroad on my shoulders! I don't want it it, nor do I need it!. It has nothing to do with what my folks are doing every day." Mr. Buffett : "Ajit, OK, OK, I'll ask Marc to look into it, and then I'll get back to you about what's doable about it!". What about taxes on dividends here?

Bloomberg - BusinessWeek Finance [October 4th 2023] : European Real Estate Faces New Pressure as Property Funds Wobble. Explanation of a French OPCI : Primonial Reim France : What is an OPCI: how does it work? Geez - How lame is that? A legal entity for real estate investment for the unexperienced investor lingering between buying real estate or stock market investments, setup as a sort of open ended fund with no permanent capital - for real estate investments?! -Personally, I think the abbreviation for such creature should be changed to : CPE in stead of OPCI, where CPE stands for "Construit Pour Exploser". I just checked the minimum number of French idiots : It's 349 + 577 [349 members of the upper chamber called the Senate and 577 for the lower camber called the National Assembly] = 926.

@bizaro86, - That map explains very well the difference in size between Denmark and Canada. I just checked it up : Canada population ~ 38.8 million , Denmark ~ 5.9 million, in meaning factor size 6.6 : 1. Canada is simply in reality so vast, with most of its population living near the US border, and Canada being worlds second largest coutry by area, only surpassed by Russia.