james22

I'm actually optimistic. Policies will change once (now that) their cost is (has been) revealed. "The worse, the better."

Chevron (NYSE:CVX) CEO Mike Wirth said Friday that he does not expect another oil refinery will be built in the U.S. ever again, due to decades of federal government policies. "We haven't had a refinery built in the United States since the 1970s. My personal view is there will never be another new refinery built in the United States," Wirth said in an interview with Bloomberg. "You're looking at committing capital 10 years out, that will need decades to offer a return for shareholders, in a policy environment where governments around the world are saying we don't want these products," Wirth said. https://seekingalpha.com/news/3845705-no-new-refineries-likely-ever-built-again-in-the-us-chevron-ceo-warns LOL

I'm usually a rum guy, but it's not helping my Crossfit. Going to try switching to keto-friendly Canteen vodka soda (0 sugars, 0 carbs, 99 calories). https://www.canteenspirits.com/

Deliberate.

Just saw the latest Jennifer Connelly film. About planes or something?

PLTR

BRK

I'm guessing most Markel shareholders also hold (more) Berkshire?

Sure. And that's why democracies field the most murderous armies and win wars - they take it personally, being taken away from their lives. https://warroom.armywarcollege.edu/special-series/dusty-shelves/soul-of-battle/

No doubt. And the war's outcome as well, of course. But still hard to hate an unwilling 19yo conscript. The 40yo war criminal is another thing.

You'd think. But that may be an assumption only a citizen of a democracy would make? I was pretty surprised when visiting Tbilisi several years ago when a girl I met said I'd love the Russian girls who visited Georgia. As she'd just shared that her brother had fought against the Russians when they invaded ten years earlier. When I asked her about it, she said no one held individuals responsible for their governments.

1. The low unemployment rate isn't offsetting inflation for retirees. 2.

Your guess? AAPL @ $135? AMZN @ $2,000? GOOG @ $2,000?

Good thinking.

VGPMX 25% PM/PME, 75% infrastructure (utilities, telecommunications, etc.). 50/50 US/International Should hedge inflation (even stagflation) pretty well.

Idiotic.

One explanation for the "attacks" inside Russia: Imagine that you are a colonel that has been selling military supplies on the black market. Imagine that you are a politician that pocketed graft instead of actually buying supplies for the military. Imagine that you know that someone is going to come looking for those supplied now that a war is on. Oops….I’m sorry, comrade…all the evide…I mean the supplies burned up. https://instapundit.com/517609/ Heh.

Burn me once...

I'll take the ads with young girls in skimpy bikinis, please. The watch ads I get are becoming expensive. (Thanks for all this, Parsad. And Gregmal's idea is a good one.)

It is easy to bemoan the "woke" degraded Western military, but at least it is fundamentally professional. As Instapundit says: Russian procurement makes ours look like a model of thrift, honesty, and competitive efficiency. https://www.battleswarmblog.com/?p=51256

Luckily, Ukraine has no military formations.

So why is Russia losing so many tanks, so many crewmen? The answer can be found in two things: Russia’s ongoing demographic collapse and the Russian military’s sad lack of training. https://pjmedia.com/vodkapundit/2022/04/13/ukraine-war-have-missiles-made-tanks-obsolete-n1589423 ...consider the last time Russia suffered such a humiliating naval defeat, in the 1904-1905 Russo-Japanese war, that defeat precipitated massive loss of prestige, unrest, military revolt, and revolution in 1905 and was a major nail in the coffin of Tsarist Russia... https://smallwarsjournal.com/index.php/jrnl/art/why-russias-navy-ukraine-war-doomed-or-irrelevant

HP!

For defeat brings worse things than any that can ever happen in war.

It will be interesting to see if the $16.1 billion fixed income book is immediately liquidated and added to Berkshire’s cash position when the transaction closes. If so, Berkshire will actually end up with more cash after the acquisition given that the deal is for $11.9 billion. https://rationalreflections.substack.com/p/what-does-buffett-see-in-alleghany?token=eyJ1c2VyX2lkIjoxNzU0NjIxMSwicG9zdF9pZCI6NTA3NzQwOTUsIl8iOiJuQ3FmaSIsImlhdCI6MTY0NzkwODQyMiwiZXhwIjoxNjQ3OTEyMDIyLCJpc3MiOiJwdWItMTA5NzgzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.KMhRQoEK4bVVEiak-ghMa8duyB259HWYl5at8_f51aQ&s=r