John Hjorth

Some time ago I intercepted an exchange between Mike [ @boilermaker75 ] and @Xerxes about a book about J. P. Morgan here on CoBF. On the way to my visit at my digital bookstore, and on the way out, I snatched this book up under my nails, too, out of pure personal curiosity, to get to know more about the person who runs the largest US bank of them all, JPMorgan Chase, a bank in which I have been shareholder now since 2017. I'm about half way through the book by now, and I can already by now say I like it very much, I'm by now reading about the phase in Dimons worklife vhere Janie Dimon was about turning Bank One, Chicago, around. The book confirms the impression of the man and his opus moderandi, as how I personally till now have percieved it by reading now quite a lot of JPM shareholders from his hand and pen, reading other stuff and listening to interviews of him. What I did not know before starting reading the book, the book also contains a lively description of the history of the creation and development of Citigroup, while Jamie Dimon grew up in business as the close wingman of Sandy Weill for a bit more than two decades. - - - o 0 o - - - More later, when I have finished reading the book.

Here is a new video generated by the organisation called 'Rebâtir Notre-Dame de Paris' [translate from French to English : 'Rebuilding Notre-Dame de Paris', website : Link]. It was likely produced in connection with French President Macron visiting Notre Dame as the first visitor after renovation, re-build-up, and restoration, with his wife, yesterday, before the official opening on 8th December 2024: YouTube - Rebâtir Notre-Dame de Paris [November 30th 2024] : L'intérieur de Notre-Dame de Paris se révèle ! [English : The interior of Notre-Dame de Paris is revealed!

Stuart [ @Stuart D ], If you really want Oddbjørn Dybvads book, I'll be happy to help you to find a way for you to get it to you. It must be possible. I have personally taken delivery of rare second hand books, that I coulden't find anywhere but in Australia. I'm in tiny Denmark up in Northern Europe.

Off topic : Welcome to CoBF, @multidecade! - - - o 0 o - - - Now, back to topic.

A total mess here in Denmark today. A bit before mid day I had to make a call. Phone refused to react to anything, just playing dead. Found out all connection was gone. This first outage did last some time, but then suddenly things started working again. Severe problems also from the beginning of the day with the only Danish railroad DSB [State owned monopoly], especially in the Northern part of Jutland. Then later a longer lasting outage from about 2:00 PM on the mobile net, and when thing started working again it hammered in with notifications from news media about the outages at main Danish tele carrier TDC. Notifications from news media about all police staff at work to do work in cars ordered on the street. The defense emergency service activated, and sent on the streets. About 7:15 PM all telecom reported reported back to normal. Trains running again, but with delays and cancellations the rest of the day. Expected normal operations tomorrow. No real explanation to get from anywhere about it, and about if these events with telecom and railroad were systemically connected. Just silence ... - - - o 0 o - - - What?

Happy Thanksgiving to all CoBF members!

Your posting above, simply put, by trying to kidding us all - unintensionally, I still think here, - here on CoBF, with this stuff. I just don't buy any of this information at par. Quoting '230 times larger' in yellow? Where the heck is your own soul in posting such stuff here on CoBF?

Absolutely outstanding elevator pitch here from you, @KPO. Thank you. And each to their own.

- How can buying 'RE' at P/B 4.19 and P/E 45.25 [based on Morningstar data] be 'not-dumb'?

@73 Reds and @Blugolds, Amazing posts by you both upstream in this topic earlier today. Thank you for sharing.

You 'sailor' [former], now musician [piano, guitar], DIY stock picker and muscle mountain with the big beard [Jeff [ @DooDiligence ]], Wise words, and that you haven't lost the ability to produce tears in your eyes is a clear token of the quality of you personally as a hooman - a hooman with feelings. Cry, then get up on your feet again, up on the horse! - and life will continue throwing curve balls your way! Loosing parents - in most cases, one by one, - is not only life changing, - it's also - gradually personality changing for us all. It's loosing the first consiglieres you ever relied on, and if you were lucky, they never - unconditionally - let you down, no matter how stupid you have behaved and been.

Personally, I think you're personally misinterpreting here, @Eldad. Once, he had an 'adopted' kid - by marriage of his youngest son - not being biological 'father' to the daughter of such brought-in marriage kids, that young female creature stopped early being a false 'Buffett donation influencer', because the man send her a note [letter], whatever :'I haven't adobted you emotionally.'

Lars [ @Viking ], Off topic, It's is true, and worthy a separate topic here on CoBF for separate discussion, perhaps called 'Democratization of Capitalism' or something like that. It's a trend, that to me appears to be overlooked here on CoBF, that has skipped almost everybodys attention, while it's strong, likely very strong. I'm not here talking about those certain meme stock phenomens, I'm talking about it in general. I hope you're up for starting such new topic here on CoBF - at your own discretion with form etc. - for discussion! - Beause what you're doing personally already, is actually a part of the process!

It's an awesome piece!, written by a man of high age. However, I think it perhaps is in need of some conceptual backdrop, to fully realize and to grasp everything here : 'We all, thereby also you, stand with one foot in the grave, so don't also place the other foot on a banana shell.'

Today, I tried again to find it, this time externally, not in my own storage, and I found it : Eugene Fama : Efficient Capital Markets: A review of Theory and Empirical Work, 1970, attached. Eugene Fama - Efficient Capital Markets - A Review of Theory and Empirical Work - 1970 - 20241125.pdf

@Haryana, We also have a separate topic in the 'Berkshire Hathaway' section of CoBF called 'Semper Augustus' where we talk about Chris Bloomstrans registered investment advisor firm, his performance, his behavior on X, and generally a place to talk bad about him and knock him down! [ ] - - - o 0 o - - - -Now back to topic.

Anyone here in possesion of the original paper - the 1970 paper as pdf - by Eugene Fama? I must have misplaced mine, because I can't find it. A share here would be much appreciated, thank you in advance.

Thank you for your [personal] confirmation here, Greg [ @Gregmal ], What I really meant here, is to continously stay observant, situational flexible, 'non-frozen', 'and-ready-to-learn about-and-mentally-prepared-to-always-learn-new-interesting-stuff' to stay on top. With the rigth mindset, there is always something to do, somewhere! - To become a winner, one simply has to decide to become so! - And then do the work it requires! - Otherwise, nobody will never, ever get there! - Attitude, you know!

Absolutely awesome discusson and exchanges between @nwoodman and @Hamburg Investor here!, I hope you'll in personal cooperation agree on how - on a pratical level - please be each others friends via CoBF, by collaboration - to start a new CoBF General Discussion topic about what your are discussing. The basic understanding of it, is to me, personally, very, very important.

You are right, James [ @james22 ], To stay mentally flexible and responsible for new input is key. Don't freeze. Try to find your own way towards all these World and Market dynamics so you don't make your own life miserable by investing. The above statement by you is also the reason why I consider CoBF 'my classroom', the best place to learn a <fill in specimen here> new tricks, that actually works.

Then there is the relativity of investment process and attitude towards investing with regard to the time dimension, meant as 'change over time'. I see you registered here on CoBF on 28th September 2016, now more than 8 years ago. Eight years are so-so medium time-frame for an old bugger like me, 8 years for a relatively young person like you are 8 light years in time distance. I personally did consider you in your early innings here on CoBF very transactional oriented, and ambitious, hungry to get ahead. Do you remember that you actually once posted here on CoBF about : 'Don't pay for even a a lawn mower cash on delivery, if you can't get a discount on it, unpaid bills pulling no interest before due according to payment terms are your float, - Hold on to your shares, and do not reduce the amount of cash you are able to buy stocks for!' Do you remember it? Personally, I still remember running 'montly closings' on every last Saturday in every month in the last part of the accumulation phase ('14 and '15), being a PITA on The Lady of House by asking questions such as 'What have you spent, that is still not added as future payments in the bank interface?', to get totally anal about how much money is actually avaible for buying stocks, by anal [<- is this even a word in English?] doing monthly liquidity forecasts.

I personally think the vibes by @Red Lion here are very good. There is an element of what I would call 'pure math and logic' to investing, and then there is the all rest, there is to investing. The best book about the mathematical part about investing in companies embraced in this topic [part of the book] I have ever read and own personally is : Oddbjørn Dyvad : Investing in Value Creators - Time Tested Principles for Long Term Stock Investments. Oddbjørn Dybvad is Portfolio Manager at REQ Capital up in Oslo, Norway. I have certainly felt that stuff like that is or can be considered controversial here on CoBF as of lately expressing my opinion about one of Jim Collins books. But each to their own, with regard to style, temper, time and energy available for and interest in investing, individual mental loads and drags tolerable by getting engaged here, and all that. I'm a firm believer there exist a personal fitting style for everyone of us, and that you find yours, if you haven't already.

I'll steal that line!, @Haryana - Have you considered sending it to Chris Bloomstran? - No, - by futher consideration -, please don't - he will end up in an emergency room with an oxygen mask, if you did.

@formthirteen, Are you trying kidding us all here on CoBF with this kind of reasoning and argumentation? Will you please give us all a break! -What are you even talking about here? Please specify or describe the connections by causation between the elements of what you are talking about! Your post is saturated by biased populism, without any roots in economic realities. What is your personal nationality and where do you live now?