John Hjorth

+1!, @Xerxes!

+1! - And a really depressing read, @Xerxes.

@Xerxes, Well, it just took me six years to figure out the reason how it is you are so well wandered about history and all other matters related to that part of the world. I'm a slow catcher, but I can be really stubborn, hanging on, when it matters!

@longlake95, Please remember to give me a 'go' during the weekend here, I vill need it, because I'm going to start buying likely monday or tuesday.

I have never talked about it here on CofB&F before. But let me just mention here, that the concept of 'bankrupcity quarantine' exist here in Denmark, by law, to stop frauds. Here, you incur that, if you've recklessly run a company into the sewer. - It works.

Thank you for responding and replying, @longlake95, The Canadian housing market hereby duly noted, as a concern, with all what that brings with it. Discussed for ages here on CofB&F. Everybody have to make up their own mind and form an opinion on it, based on whatever data and information. Your point is in no way trivial, at least for me personally. Thank you.

Blake [ @Blake Hampton ], Why can't you let this socalled learning approach of yours go? Why do you focus on questions perhaps not relevant to your own capital? You simply have to try it out for yourself what works for you. Be prepared for scars, bruces, dents in your self esteem, worst case also your libido.

Bump! - Reviving this topic - from 2011!, back then started by @Viking, To me, there seems to be a lot of interesting stuff to discuss and talk about.

@Sweet, You're a dirtcheapstocksskate here, trying to take advange of others here, saving a few bucks ! Please try it out, cancel, if no go, and report back here! - That would be much better!

@Gregmal, I don't understand your reply. Please have me excused, and let's move on.

Greg [ @Gregmal ], Who and which 'beneficiaries' are you thinking and writing about here?

@Viking, Yes, it's almost unbearable to think about. I wan't to avoid self-oscillation modus here, though.

@Viking, I'm thinking about the whole thing like you do, and I'm trying to keep my mouth shut here in this topic about it. Absolutely crazy stuff going on. And here in Europe we also have this not so nice fella' Putin in Moscow to think about, all while Ukraine is near broke.

@UK, - But please don't go beserk! LOL!

Thanks, @benchmark, Sure, taxes is an important factor for all of us in decision making around shifting horse in the middle of river. I should add that the major parts of BAC and C shares I just sold were in tax deferred accounts, so no material real tax friction / leakage in this case. JPM by now a ~3 per cent position [In my 'tier two portfolio part'], the Canadian banking basket will for starters be around 80 percent of that. [I'm a whimp with banks, because with banks it works great untill it suddenly doesen't.] Another thing is also getting seduced by historical awesome returns versus assumed new risks. So it'll be an educational exercise and journey for me, too. I may as well add to JPM with the sales proceeds, I have to make some calculations to get the overview I need among gang members, to achieve a higher degree of alignment.

@benchmark, I consider the large Canadian banks better banks than the large US banks, from an investment angle, except for JPM. But the Canadian banks are pricier. I've been tinkering with large US banks for almost 10 years now personally with good results. Just do the math long term. I.e. Please grab the latest Annual Report for RY and study the 10 years financial overview - it's an awesome one-pager.

@Spekulatius, To me personally, your European [German] background shines through here. Meant as a compliment. I think milage may vary with regard to the acceptance what's in warfare called 'collateral damage', meaning loss of lifes.

Mike [ @cubsfan ], On a more serious note related to your original post about the quality of US allies : History and experience of given country matters much in that respect. Israel is the best example of them all. There is no real alternative to victory, the alternative is to take an eternal dive into the Mediterranean with spouse and kids. Same could be said about especially Finland and Poland. Absolutely not to mess with for the not-so-friendly neighbour to the east. Tiny Denmarks preparedness means squat in the whole picture, but our straits are of strategic importance related to the Baltic Sea.

HaHa! Mike [ @cubsfan ], I'll steal that line! Great, just great!

Mike [ @cubsfan ], What you never hear a European politician say is that POTUS' call on this actually has been embarrasing - never! But here on CofB&F you hear from me. It's indeed soo embarrasing. By now, I think Denmark has reached the 5 per cent of GDP in defence spending, by initiatives taken and set to sea.

Mike [ @cubsfan ], That's true, and so it should have been long time ago. We will get there, very fast, as fast as possible. It's happening now. The past is the past, however.

From The Economist [partly subscription protected] : - - - o 0 o - - - To me, it must be evident for everyone, what's going on. Taking the future as colateral for the present. One does not have be a professor with a Ph.D. degree in macro economics to grasp that from the above.

Sold today near market close BAC at 48.50, all of it [well, most if, somehow I managed by mistake to miss one account, which BAC position will be offloaded in premarket tomorrow morning], it's a good ride starting at around ~USD 12 many years ago, most of the time an easy to hold position for me, however not always. Offloaded today near market close all C shares at 109.00 [legacy position] belonging to the sis in law [widow after my late big brother], who joined the gang mid december 2025 with her money plus all my late big brothers savings [He passed away in January 2022 due to ALS]. -Money keeps coming back to me, I can't get off the hook! - - - o 0 o - - - Then only JPM of large US banks back in place, which I have no intention to part from. It has been working very well with JPM since 2016/17 for me. - - - o 0 o - - - Meaningful cash available after it all has cleared. Then it's out of the starting block with a new venture : Canadian banking - a basket of large Canadian banks, hopefully for the long term. Time will tell. - - - o 0 o - - - POTUS - by all means - please continue to do crazy stuff, so I can get better prices buying!

I'm reading Kama Sutra. Never too late to learn old dogs new tricks. Danish edition, by the way [a gift from many years ago] :

Sanjeev [ @Parsad ], LOL! There were no way to recover from the situation timely! - But I found out what vase she wanted! - So I'll have to start there! The vase she wanted was sold out by then at Living Flowers, - later found out where to get in a high end shop in Århus, Jutland! - Where I'll buy it for her! Ramping up on getting all my book piles, magazines, annual reports etc. everywhere in the living room [, which have been driving her crazy!] in order in a new shelf [<- has been going on for some time], cooking dinners to her, asking 'anything you want?' [<- dangerous question to ask, one may not like the response, if it's 'a new hubby'], ramping up on buying sandwiches for her for lunch and such. Hugs and other kinds of appreciation means much more for her than stuff!