John Hjorth

@Spekulatius, Yes, That is what connects sentiments about POTUS' sayings and doings to facts and realities. I've now added 'short term' to 'prices' in my post above, btw.

That's a ballsy portfolio, @whiskybravo !, - - - o 0 o - - - I bought some of PROT in november 2015 [~NOK 65], and doubled the tiny position again in February 2016 [~NOK 69] to still tiny, ever since looking at it from to time, thinking about what to do with it, the eyes always landing on P/B eventually, now at ~6.50 for a an agressive Berkshire investment style run insurance company, my wagging tail immedially falling down between the legs, stingy John walking away as a scared dog, unable do decide whether to buy more or to sell ...

@73 Reds, And meanwhile, POTUS' sayings and doings are major drivers of and influencers on prices short term prices offered to us.

I hope you enjoy your stay, where ever you may be in Europe, @73 Reds! Forget the reporting here, it's mostly as dumb and biased as on the other side of the Atlantic pond. To do some really IRL acid testing, try to wear MAGA cap and T-shirt where you are

@Dalal.Holdings, Different times, different strokes. If Munger and Buffett actually would, they could also have built a luxury sub empire inside Berkshire, but these two gents never had the mindset needed for that, nor were they interested in doing so. It's about the understanding of intangibles and when to calculate ROIC including intangibles, and when to calculate ROIC excluding intangibles.

AP News - World News [June 23rd 2025] : Iran launches missile attacks on US bases in Qatar and Iraq. - - - o 0 o - - - Symbolic revenge to get even, revenge combined with 'We have had enough', or escalation?

Bloomberg - Politics [June 23rd 2025] :Trump Warns Against Rising Oil Prices Following Iran Attack. As always, the POTUS knows better, because he is such a genius, smarter than everyone else, and the oil markets are actually not markets, they are just conduits existing to be 'managed' by the POTUS, at the POTUS' whatever and whenever discretion.

I showed the above to the Lady of House, and she actually gives a damn about it, then I elaborated meticuously about how Bezos' late mariage went down the drain, with all the details included, after which she said : 'Hand him over to me, and I'll personally drown him in Odense Creek', which flows westbound about 100 ms from our home. I'm not amused by all that special treatment of the rich : Me, I'm promised by her, I'll get castrated with the use of an open can of tomatoes, If I behaved like Bezos did.

So much for billionaires loosing their connection to the Earth, figuratively and actually! Angry birds in Venice? I suppose this is not the work of all the dowes on Piazza San Marco in Venice!

If that is so, then the Iranian priesthood is actually a bunch of mean old men.

Added to INVE A.STO - Investor AB today, by several orders that all filled, after adjusting them a bit, after being too stingy last evening submitting them. By now pretty much fully invested again, for now.

It was a choice between plague and cholera. Iran is a rogue state and can't be trusted at all. As the only country with the means to carry out this action, it was also for USA to make the call. I feel confident the majority of European countries more or less silently accept and recognize this was the right thing to do. With regard to the price to pay, I think it must be clear for the Iranian priesthood that if these questionable, mean, old men as much as tries to curl a hair on a US soldier in the region, Iran will be hit by a huge midnight hammer.

According to several news outlets [I don't know the primary source, if any at all] a total of six fourteen GBU-57A/B MOBs were used for the first time in a non-testing situation. My thoughts go to the families of those poor Iranian souls, who lost their lives by getting such a M/F dropped in the head only because of being on their posts and doing their duty at the time of the attack.

Yeah, that public melt-down between those two men was not good.

Thank you for sharing, Jerome [ @jfan ], Also, I found this Bain & Company Luxury industry report, with release date 17th January 2025 : 'Luxury in Transition: Securing Future Growth'. [Attached] I personally like such stuff more than [long] stand alone narratives, because some data are actually presented for the reader, to spice up the narratives, making them more specific. Bain Report - Luxury in transition - Securing future growth - 20250117 - 20250621.pdf

Yeah, @Spekulatius, It's striking. And it could easily go lower. No margin of safety present. It's even more striking with Kering, that has almost been killed, from almost EUR 800 to now sub EUR 200, despite hot trophy wife and all that [ ] :

What do you personally get out of it, @ValueMaven ?

I'm just cross posting here to knit CofB&F stuff and things together : CofB&F Topic : PFIC Classification for US Investors.

It's also mirrored in the digital subscription price. It's called the race to the buttom.

Bloomberg - Newsletter - Paris Edition [June 20th 2025] : France’s Billionaire Kings of Bling Are Under Pressure. Subtitle : Luxury brands are being hit by a Chinese slump, US tariff threats and diminishing returns from price increases. - - - o 0 o - - - - More of the same from Bloomberg. [Geez, , and no real facts or data provided ...]

lol, PDL Comics is just great :

lol! -Fridays are a great invention!

Despite @Longnoses long nose, I can't help to like him! WSJ News [June 19th 2025] : Watch: SpaceX Starship Explodes After ‘Major Anomaly’ 'Major anomaly'<-- It looks like blowing up while running at 50x margin!

I got filled on some small orders on DJUR.CPH this morning.

Greg [ @Gregmal ], and let us just also drag @Castanza in here, just for the heck of it, and the fun : The most important thing is, that the lead time - meaning the time span between a post posted here on CofB&F perhaps challenging Blake [ @Blake Hampton ] and the reply is in general very short, indicating no real intellectual activity, in most cases just leaving replies indicating no real mental activity what so ever directed at posted provocations by others, just continuing 'the same [non-investment, macro] drill posting style', as usual, without even reacting in posting to provocations. - - - o 0 o - - - Blake [ @Blake Hampton ], has already tried to delete himself out this in this very topic, but to no avail, because he has already been quoted, before his deletion. - - - o 0 o - - - Here, I'm now done. Not worth my time.