John Hjorth
-
Posts
4,877 -
Joined
-
Last visited
-
Days Won
14
Content Type
Profiles
Forums
Events
Posts posted by John Hjorth
-
-
By the way, Joel [ @racemize ] has just updated his complilation of all existing Howard Marks memos. The compilation starting with the first memo of October 1990 is available for download via Austin Value Capitals Twitter account here .
It's a neat and tiny thing, by now consisting of 1,632 pages.
Thank you for it, Joel [ @racemize ].
-
-
Mentioned here in all modesty : Perhaps North America actually could learn something from us Danes about a good solution to this by studying the The Danish Mortgage Model.
[Download Link] and attached.
As likely all interested in studying this phenomen with rises in interest rates, and the effects of it, may know it's quite bad in Sweden, too, at the moment. When I try to explain to Swedish investors why we don't have a real estate havoc by now here in Denmark, and links to this paper, most of them simply can't grasp the concept of interest rates locked in for 30 years on a mortgage.
Finans Danmark - den-klassiske-realkreditmodel_uk_2021_final - 20230922.pdf
-
At The Brookfield Listed Affiates Investor Day running right now, there was in the presentation of BBU a presentation of Sagen [www.sagen.ca ] by it CEO. [BBU is a part owner of Sagen]. That presentation was especially and also with focus on the expectations for the near future for Sagen about morgage default insurance in the Canadian residential real estate market, so to me certainly relevant to this topic, and I found it interesting.
I suppose a video of the session will be made available on the Brookfild website tomorrow.
-
Thank you all for your posts containing your personal considerations, It's a fascinating discussion going on in this topic by now. Please continue - I hope you will.
Where do you consider the big Canadian banks to be situated in this actual situation for Canada?
-
How about speed on your connection? How is your experience of that? -Thank you in advance.
-
2 minutes ago, cubsfan said:
... Its great to see this changing.
Mike [ @cubsfan],
I can personally assure you, it is!, at least here, locally.
-
18 minutes ago, Dinar said:
@John Hjorth, Ukraine is NOT part of NATO, so what is your point?
I think my point here would be, let just Putin attack Sweden [ALSO not a NATO member] tomorrow. Because It doesen't matter to anything, anyway, right?
It's simply not how things work around here.
[And I can assure you, he wouldn't even dare.]
-
17 minutes ago, Dinar said:
In any case, it is irrelevant what you and I think. What matters is what man on the street in US wants, and he wants nothing to do with Ukraine. Let the Germans & the French and the Lithuanians/Latvians/Estonians/Danes/Czechs and company for this is. This is their problem, not ours.
No it's not. What matters is this below [, and all here on CoBF know it, and by the way, all here on CoBF also know, that you also know it] :
QuoteArticle 1
The Parties undertake, as set forth in the Charter of the United Nations, to settle any international dispute in which they may be involved by peaceful means in such a manner that international peace and security and justice are not endangered, and to refrain in their international relations from the threat or use of force in any manner inconsistent with the purposes of the United Nations.
Article 2
The Parties will contribute toward the further development of peaceful and friendly international relations by strengthening their free institutions, by bringing about a better understanding of the principles upon which these institutions are founded, and by promoting conditions of stability and well-being. They will seek to eliminate conflict in their international economic policies and will encourage economic collaboration between any or all of them.
Article 3
In order more effectively to achieve the objectives of this Treaty, the Parties, separately and jointly, by means of continuous and effective self-help and mutual aid, will maintain and develop their individual and collective capacity to resist armed attack.
Article 4
The Parties will consult together whenever, in the opinion of any of them, the territorial integrity, political independence or security of any of the Parties is threatened.
Article 5
The Parties agree that an armed attack against one or more of them in Europe or North America shall be considered an attack against them all and consequently they agree that, if such an armed attack occurs, each of them, in exercise of the right of individual or collective self-defence recognised by Article 51 of the Charter of the United Nations, will assist the Party or Parties so attacked by taking forthwith, individually and in concert with the other Parties, such action as it deems necessary, including the use of armed force, to restore and maintain the security of the North Atlantic area.
Any such armed attack and all measures taken as a result thereof shall immediately be reported to the Security Council. Such measures shall be terminated when the Security Council has taken the measures necessary to restore and maintain international peace and security .
Article 6 1
For the purpose of Article 5, an armed attack on one or more of the Parties is deemed to include an armed attack:
- on the territory of any of the Parties in Europe or North America, on the Algerian Departments of France 2, on the territory of Turkey or on the Islands under the jurisdiction of any of the Parties in the North Atlantic area north of the Tropic of Cancer;
- on the forces, vessels, or aircraft of any of the Parties, when in or over these territories or any other area in Europe in which occupation forces of any of the Parties were stationed on the date when the Treaty entered into force or the Mediterranean Sea or the North Atlantic area north of the Tropic of Cancer.
Article 7
This Treaty does not affect, and shall not be interpreted as affecting in any way the rights and obligations under the Charter of the Parties which are members of the United Nations, or the primary responsibility of the Security Council for the maintenance of international peace and security.
-
I've never visited the website before a few days ago, but I have naturally followed the project on distance during the years via other sources.
Visiting the first time, I got to the page - like you likely do also : "Order Starlink". Tried to type actual address in "Service Address" also, followed by pressing the "Order" button.
No sweat! : Even experienced autofill on this households relatively obscure address on the border between this city called Odense and its rural surroundings, the city being the third largest city in Denmark in the middle of nowhere [and tiny], to the west from Copenhagen, located at the center of the Danish island called Funen. You may perhaps know the Danish poet Hans Christian Andersen better. This is the city, where he was born.
Price Danish option "Own" [lowest configuration] : DKK 485.00/mo for service and DKK 3,400.00 for hardware.
Price Danish option "Rent" [lowest configuration] : DKK 485.00/mo for service, DKK 112.00/mo for hardware rental & DKK 370.00 activation charge.
[DKK 7 ~ USD 1].
- - - o 0 o - - -
I would like to read here whatever thoughts, experiences etc. my fellow CoBF board members might have and would want to share in this topic with us all. Thank you very much in advance.
-
1 hour ago, Luca said:
... Sadly, we have really the most incompetent people in our government, can't be more dissatisfied with our foreign minister that tries everything to make German relations with other countries more difficult and continues to escalate tensions to higher and higher levels.
Be careful with what you are posting, @Luca! If you were mentioning the name you would likely be at risk for being called severely biased, based on your personal misogyny.
It's great to a place to steam out here, right!?
-
8 minutes ago, no_free_lunch said:
Oh well, actually it has existed for centuries and in fact, it's now a sovereign country. If Russia wants it in it's sphere better ways to do it than at gun point but I know that's how Russia rolls.
Here they even made a wikipedia page to help clear things up for you.
I coulden't have phrased it better than @no_free_lunch above.
Also :
Wikipedia : Ukraine - Declaration of Independence.
Please also here note which countries were among the first three contries to recognize this on December 2nd 1991 : Poland, Canada and ? ... Russia!.
-
1
-
-
I'm reading Roger Lowenstein : "When genius failed" about the rise and fall of Long-Term Capital Management as leisure reading by now. I have to say it's awesome!
From the very start of Chapter 1 with the title : 'Meriwether' :
QuoteIf there is one article of faith that John Meriwether discovered at Salomon Brothers, it was to ride your losses until they turned into gains. ...
- It fits this situation perfectly, too! Once you have spent as much as just a few dollars as a state or institution on supporting Ukraine in this situation, you are beyond the point of no return, you are bound and forced to continue to average in on the situation.
It's not like Asterix in Britain at tea time :
Youtube : Asterix in Britain: it's tea time!.
- - - o 0 o - - -
Quite evident to me that it feels worrying, disturbing and upsetting for members of CoBF to think about this!
-
Who do you think this real estate situation in Canada combined with the interest rate increases evetually is going be a pitty for, @Viking [and others, too] ?
-
8 hours ago, ValueArb said:
I think there is a great detail of doubt. Accidental explosions produce similar damage as intentional explosions. No one has any credible motivation to sabotage the pipelines, Gazprom has a long history of similar accidental pipeline explosions due to its incompetence, there is little incentive for investigators to say it wasn’t sabotage, and I haven’t seen any evidence they investigated the possibility of an accident or even had the proper industry tech experts involved.The above is not correct.
-
More detail about what happened to the submarine under the attack on the Sevastopol shipyard. Reads and looks like it's toast & scrap worthy. Please see especially contents of tweet #2 in the thread. It has really taken a beating.
-
8 hours ago, ValueArb said:
Can you be more specific about what who refuses to answer? Because for one big problem, its unclear whether anyone bombed the Nordstream pipelines.
https://thelawdogfiles.com/2022/10/nordstream-ii-electric-instapundit.html
Investigations and reports were carried out by Denmark and Sweden, because the explosions took place in the Baltic waters of these two specific countries. Russia asked for permission to participate in these activities, which was turned down and denied.
What was brought forward and released by the Danish Minister of Foreign Affairs Lars Løkke Rasmussen was that this was indeed sabotage, but he woulden't get into specifics about who was under suspicion, and reports made classified.
Reason for this as mentioned by @Luca above.
[Pretty un-Danish approach, likely an approach chosen under pressure from allies, I speculate, all with a very "fishy" odor to me personally. Personally to me also, we all have a right to know what this actually was, as a part of the whole picture of what has been going on.]
There is no doubt this was sabotage.
The Guardian [October 18th 2022] : Nord Stream 1: first underwater images reveal devastating damage
-
41 minutes ago, Saluki said:
... Maersk just launched it's first green biofuel container ship. It's dual fuel because the factory that makes the green fuel that it needs is still being built so there literally isn't enough green energy to run it. ...
Related to @Salukis post :
So this is not about one 'experimental' ship, -it's by now about 25 ships, including "Laura".
-Everybody in the industry keeping their heads low, to avoid attention on the matter, while everybody knows the industry as such has a material reponsibility.
Not Mr. Robert Maersk Uggla. He's just 'head on'. No lingering.
-
Meanwhile, in Europe :
Bloomberg [September 18th 2023] : A Franco-German Feud Over What Will Fuel Europe’s Industry,
&
Bloomberg [September 18th 2023] : France and Germany Clash in Feud Over Europe’s Industrial Crown.
- - - o 0 o - - -
*shrug* & *sigh*.
-
New Howard Marks memo [September 12th 2023] : Fewer Losers, or More Winners?.
-
KAL's cartoon this week :
-
Jens Stoltenberg - The situation explained - so to say - on the rim.
-
Today, the first four F-35s [absolutely awesome flying machines!] arrived here in Denmark, so something - F-16s - will now in due course leave Denmark, headed to Ukraine.
It was with material delay. How can the worlds fastest fighter air plane even be delayed?
-
I'm pretty sure you'll do well with this company [Siemens] going forward. It's just that here on CoBF, it's 'an other turf', with no traction long term here on CoBF.
A Near Perfect Investment Forum?
in General Discussion
Posted · Edited by John Hjorth
I can't help to think, that what I and all other non-administrator members' perceptions of CoBF might be by now doesen't really matter as much as what the guy running the place [joint?] may think of it, most of the time it has not been needed to be a door bouncer, like in some bar, pub or Irish Inn! -But it has happened!
I still remember some periods in time, where CoBF was a really unpleasant place to visit, because of the prevalence of bad posting manners among members, combined with primitivity and rudeness to the extremes.
Most left by themselves, some got 'help' to do so.
To me, the worst period was up to the last presidential election in USA, with trolls in here stirring the pot day in, day out, some even without even just one serious post in the Investment Ideas section of CoBF.
Sanjeev [ @Parsad ] must really like us, as a whole! - to keep this thing going!