Gamecock-YT

You'd think if he called every bubble in the past 40 years he wouldn't be having to do youtube videos and shill on the investor advisor circuit. "Oh, look it's easy! Just sell when the red line crosses the green line!" Totally ignoring that the signal had came up 2-3 times prior to that and kept going up.

Unless that is spelled out as a commitment in the presser, then I would assume, no.

I mean, everyone knows Berkshire, it’s not like they need to give some sweet deal to let them know they are open for business. Barring the Fed, they are a pseudo-lender of last resort as long as the terms are grossly in their favor. and sure, it’s an index position, but barring Apple, all the big players having rapidly expanded their capex. The Google of Buffett rueing not investing isn’t necessary the Google of today. but again, if you quantify the value of YouTube and Waymo, maybe you think your downside is protected? but end of the day I don’t think having Todd’s money burning a hole in your pocket is a good reason to deploy at this point into Google. Especially without getting a sweetener on top.

Don’t really understand the Google deal from either parties perspective. Is Google concerned about their credit rating that they’d rather raise equity than debt? If you are Berkshire do you want to get involved with committing capital at this point in the cycle when all the other AI players are going public? That screams late cycle. Sure, maybe on a sum of the parts if you think you can get a piece of YouTube, Waymo, etc. I could see Buffett doing the home builder deal, but I don’t see him ever doing the Google deal unless he’s getting a sweetener. I guess Able can always provide them a Goldman-like sweetheart deal when the AI trade blows up.

Prepaid Equity Forwards to fund share-based compensation plans or some other type of hedge

Maybe among domestic carriers, but almost any premium international airline puts the U.S. Big 3 to shame. It's amazing how much service quality improves when premium cabin assignments are based on performance rather than pure seniority. Plus, every airline is currently chasing that premium segment because they're the only ones spending in this K-shaped economy. Carriers are retrofitting their fleets to pack in high-margin premium products while gutting basic economy... right as $100+ WTI and surging inflation are taking off. Oops! People who just don't know any better. But honestly, none of the Big 3 are covering themselves in glory here. American is the only one left with a decent value proposition because they still offer fixed-partner award pricing for Oneworld flights but they offset that by valuing your spend over how much you fly the airline. But the days of 'loyalty' meaning anything in the airline industry are long, long gone. Hotels are pretty much the same thing.

tracking stock from the main Liberty Media parent that was eventually fully spun-off.

Maybe they can add to the nepotism going on at the company by getting an Agnelli to join the board!

Nearly 2 years since the last bubble post, SPY is up 45% on a total return basis:

Wally isn't there because of his last name.

If you’d taken a shot every time someone said 'operational excellence' yesterday, you would have ended up in the emergency room getting your stomach pumped. I’ll give Greg credit, the review before the Q&A was actually well done. It’s just a shame that the substance was immediately buried under a mountain of inane corporate buzzwords.

https://www.ft.com/content/ffb02bd6-fd48-4abc-b568-8353c495cd1e?syn-25a6b1a6=1

I learned "southerners" are known for being direct and blunt.

This is skewed US centric. To really see it, you need to be in Asia or Europe and what the reaction is going to be with those governments.

Same reason the Montreal Canadiens haven't made any noise in the sport of hockey since they last won the cup. Notice, they've started having success recently: who do they have at the top of the club now? A unilingual anglophone. Guess we can look forward to him getting shown the door at the first sign of controversy.

That opens up more problems than it solves. Suddenly, every strait in the world is going to have its hand in the till. Are we going to go back to trying to conquer Gibraltar like it is the 18th century while we are at it?

Yeah, but those are man made. Get this: natural straits used for international navigation are governed by the United Nations Convention on the Law of the Sea (UNCLOS)

I think I read that at this point it is 2 Thai flagged ships that have made it out. So guess we will see if that holds up or if anymore can make it out, especially with more soldiers arriving. News this weekend is haulage rates are going up 10% on April 1 (Happy Liberation Day to all that celebrate) and 20 new items have been added to the price control list, including: Pork; chicken; eggs; rice; paddy; wheat; garlic; fresh coconut; oil palm seeds; latex Dried food and seasoning; canned fish; instant noodles; palm oil; sugar; salt; fresh milk and powdered milk Fertiliser; pesticides; animal feeds; farm machinery Fuel; LPG Cement; iron rods, sheets and structural iron; electrical cables; PVC pipes, floor and wall tiles; sanitary ware Tissue paper; printing and writing paper; detergent; soap; shampoo; sanitary towels; diapers Face masks; hand sanitisers; medicines and medical services; rubber gloves; antigen test kits https://world.thaipbs.or.th/detail/truckers-to-raise-haulage-charges-by-10-from-april-1/60828 https://world.thaipbs.or.th/detail/commerce-ministry-adds-20-items-to-price-control-list-amid-oil-crisis/60797

I will be here for another few weeks. The plan is still staying in Asia for the majority of the year, I’ll just have to see if the fallout from the war forces a change. Here's a map of gas stations in Thailand and their current gas situation: https://thaipumpradar.com/ A good bit of red.

Major queues for the past week+ in Thailand, lots of rural places running out of gas. Just now passed a station with only 2 of 4 pumps working and a large queue in the center of town. Seems to be a new story every day about the government trying to play catch up to the hoarding/lack of supply. They also had to abandon the price caps this week. Already stories of people cancelling their holidays here because of airline fuel surcharges or danger of transiting in the Middle East. Talks of farmers and fishermen unable to source fuel or it not being worth sourcing because their output wouldn't be worth it to purchase at current prices. I think the North Americans, in their ivory towers, are in an information bubble as to what is occurring in the rest of the world and every day this continues it will keep getting worse. https://www.theguardian.com/world/2026/mar/27/thailand-petrol-price-rising-farmers

I hear Nathan MacKinnon is a big fan of them.

Ted talks him into buying the rest of SIRI

Up $25 in 3 trading days after you posted this? Methinks you should stop prognosticating.

If I was an employee that got that BS corporate letter he spends so much time talking about, I would have thrown it in the trash by the second paragraph. Do you think the person manufacturing homes for Clayton gives 2 licks about 'the shareholders', 'thinking in decades', or 'maintaining a fortress-like balance sheet' or do they care about getting a pay raise and more benefits? I guess Greg missed the principal-agent problem when they taught it at business school. Toto, I've a feeling we're not in Kansas anymore