james22

Germany signalled a U-turn in key energy policies on Sunday, floating the possibility of extending the life-spans of coal and even nuclear plants to cut dependency on Russian gas, part of a broad political rethink following Moscow's invasion of Ukraine. https://www.reuters.com/business/energy/germany-step-up-plans-cut-dependence-russia-gas-2022-02-27/

Wind and solar aren't reliant. In the LT battery tech may make them moreso, but they'll remain crazily inefficient relative to nuclear.

Nuclear.

Because the risks of being dependent upon others for one's energy needs have been exposed.

Have to wonder if the wind/solar TOP is behind us now.

He [Trudeau] permanently destroyed twenty percent of the population's faith in the entire Canadian banking system. Jordan Peterson https://instapundit.com/505787/

Fortunately, government overreach has consequences.

No one is calling for a run on the banks. It is the natural consequence of discovering they are no longer as safe as previously thought. Hopefully any financial calamity will discourage future government overreach. That would be a good thing.

How many who saw Canadians having their bank accounts frozen will now consider moving to crypto?

Stoicism is all about managing one's emotions. So is investing. Google Stoicism and investing and you'll find many references.

But really doesn't mean anything by itself. Don't know what the withdrawal rate is, how long needs to last, or if wish to leave anything behind. And if the withdrawal is paying for mortgage/car payments or all discretionary. Or if Roth converting, etc.

Sold $100K of BRK this morning at $316 to fund half my expenses this year. We'll see if I should have waited until after they report.

Always entertaining.

Better than Blue Falcon, certainly.

While might sound odd, I like BRK more than a US Growth/Tech fund or index for such exposure. They've admitted they've missed great companies at fair prices in the past so they're looking for opportunities, they've demonstrated a willingness to invest big when they find one, and they've the cash to take advantage. And better positioned in Value until an opportunity presents itself.

I'd think many value investors have to be thinking the same. But I'm fine being (mostly) out of Tech today. If we undergo a real Value rotation, there's no hurry. But I'll look for the opportunity in a way I haven't in the past.

I give him credit for identifying the FANG stocks back in 2013 and adding Apple in 2017. “Put money to work in the companies that represent the future,” he said. “Put money to work in companies that are totally dominant in their markets, and put money to work in stocks that have serious momentum.” https://www.cnbc.com/2013/02/05/cramer-does-your-portfolio-have-fangs.html Heeding that call would have paid off pretty well...

No doubt.

I tried to keep open a limit order at 20% below BRK's price in the hope of catching a flash crash upon the announcement. Gave it up after a year. Too much work. That was maybe ten years ago...

Sure, a significant dip wouldn't last long. But also why would be so very low risk.

I like to think it might dip significantly for a minute when Buffett passes? Hope I can take advantage of it.

I still believe.

OAK, but owned BAM at the time (still do) so didn't really matter. Less regrettable than confirmed my BAM position, actually. So disregard.

+1

That I could sell it to a greater fool for $247/share?