james22

A literature course today isn't even about literature. If you were to take a literary theory course, you might think it would be about literature, but it’s really not. It’s about all the various forms of oppression on earth and how we can see them playing out in literary works. https://www.samharris.org/blog/fighting

No question. Doesn't sound like the UK CRO did. It may come out that she knew the UK executives knew the risks taken by the parent and were just hoping like hell for the best. So no reason to do her job.

The number one risk to any subsidiary is the health of it's parent company. You'd expect it's CRO to worry about that. https://news.sky.com/story/bank-of-london-weighs-rescue-bid-for-uk-arm-of-silicon-valley-bank-12830933

The gay/minority/female UK CRO was the most capable person for the job? What are the odds? Pro-diversity initiatives are part of the CRO role? I don't believe being woke is to blame for/excuses SVB's strategy. They were simply greedy. But it might explain why the CRO didn't check the strategy (that wasn't really their job).

I don't know if that excuses them. If the UK CRO choose being woke over addressing the risk (or wasn't capable), seems a diversity issue. In their defense, I suppose they could have hired a diversity figurehead who wouldn't question the strategy in less than nine months if they wished.

I'm guessing the previous CRO left because of the risk and didn't want to take the fall. Nor did any potential candidates once aware of the issue.

I'll let Buffett take advantage for me.

Tilson: My Trip to Ukraine Last Week: The Ukrainian Tiger Is About to Devour the Russian Bear https://assets.empirefinancialresearch.com/uploads/2023/03/My-trip-to-Ukraine-last-week-Whitney-Tilson-3-13-23-1.pdf

A+

Even after being exposed, Poland still considers Russia a threat. To start with, it has placed orders for 1,000 K2 main battle tanks from South Korea, and 250 brand new M1A2 SEPv3 Abram tanks from the US. This will turn Poland into the owner of Europe’s biggest tank force, dwarfing the UK’s fleet of 227. Its artillery will be bolstered by the arrival of 600 K9s, 18 HIMARS launchers with 9,000 rockets, and 288 K239 Chunmoo MRL systems from South Korea. Over 1,000 Polish-made Borsuk infantry fighting vehicles will carry Polish troops into battle, while air cover will come from 96 AH-64E Apache helicopters bought from the US, and 48 FA-50 combat aircraft now on order from South Korea. “We are changing our equipment very, very quickly,” said Captain Adamiak. “It really is revolution, not evolution.” All of this will be underscored by plans to double the size of the Polish Army to 300,000, which would turn Poland into Europe’s biggest military power, in terms of manpower, west of Ukraine. https://www.telegraph.co.uk/world-news/2023/03/11/revolution-polish-army-builds-europes-largest-land-force/

Collapsed lender Silicon Valley Bank operated without a chief risk officer between April 2022 and January 2023 while the operation's United Kingdom-based CRO stands accused of prioritizing pro-diversity initiatives over her actual role. https://www.dailymail.co.uk/news/article-11848705/Woke-head-risk-assessment-Silicon-Valley-Bank-accused-prioritizing-diversity-issues.html https://news.sky.com/story/bank-of-london-weighs-rescue-bid-for-uk-arm-of-silicon-valley-bank-12830933

https://archive.ph/Rsbt2

Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions, a regulatory filing revealed Tuesday evening. The Omaha-based conglomerate bought nearly 5.8 million shares of the oil company in a few separate trades on Friday, Monday and Tuesday, paying prices in the range from $59.8 to $61.9, the filing showed. The latest purchase, totaling more than $350 million, marked the first time the “Oracle of Omaha” hiked his bet since September. https://www.cnbc.com/2023/03/07/warren-buffetts-berkshire-hathaway-buys-more-occidental-petroleum-shares.html More interestingly: On Monday, Occidental CEO Vicki Hollub said in an interview with CNBC’s Brian Sullivan that she met with the 92-year-old investor “just a few days ago.” Hollub said they talked about the oil and gas industry and the technology involved in it.

Is Progressive the preferred alternative? My revised payment is +76%. LOL

"Morale is to material as three is to one," you know.

Sure, I did as well. But I also had factor, International, and sector funds available. Maybe I was just lucky.

Maybe I underestimated the fraction of portfolios here included savings plans with limited options. Just don't seem to remember S&P 500 or TSM funds showing up in the Portfolio thread.

How many here invest in a S&P 500 or TSM index fund? Anyone?

Who knew? They've nukes and acted as a tiger. And why do you believe European countries are now, after Russian weakness has been exposed, increasing their defense budgets? By your logic they'd think the threat diminished. LOL If we divide out the US defense budget to the threats it faces, Russia would perhaps be of the order of $100bn-150bn in spend-to-threat. https://cepa.org/article/its-costing-peanuts-for-the-us-to-defeat-russia/

Seriously?

US defense budget $715B. Probably $100-150B is devoted to the Russian threat. At a one-time cost of only $40B so far (another $38B planned 2023) aid to Ukraine is fantastically inexpensive to significantly degrade that threat for a meaningful time. (The real cost is far less than $40B, most systems provided being older generations pulled from storage.) For perspective, the US spent $115B/year for 20 years ($2.3T total) in Afghanistan (all for naught). All without putting American lives at risk, there's no reason for the US to end this. https://www.youtube.com/watch?v=Bj0YrYVUimY

Perhaps the scariest takeaway from the Ukraine War is that it’s just beginning. https://zeihan.com/the-ukraine-war-just-getting-started/

Significantly invested in 3M (via a Trust), I'd love to see it.