sleepydragon

Buffett also don’t drink any alcohol

Gfp, thank you for posting this. It’s very inspiring. I am off to go running now

I bought a lot of baba, between 85ish to 120, average cost of $106. Still holding. this is a truely “blood on the street” moment for Chinese ADRs — massive layoffs, Covid lock downs, even suicides of tech startup CEO. all the founding CEOs (PDD, JD, Baba) are pushed out. But Baba has about $20ish cash per share and $20ish investment in Ants.(seems Ants is still hiring now and people are posting interview experience on Zhihu. this is interesting, could be IPO is not far). Business ROI is north of 15%.

China has its human rights problem, but American have people mass shooting kids while having a gun convention next week near by. They don’t think they have a problem, and nor do many American think we have a problem. But China has changed a big way from the past. Of course younger people are still fooled by propaganda etc, but they are largely intelligent and rational. And Chinese people work damn hard and they are mostly damn smart. Most people in CCP leadership is very smart too, so I don’t completely buy the idea that Xi has unlimited power. The trend of the last 30 years is just too powerful and people will not want to come back. They want a good western like life.

My investment theory: the more prices fall, the more I buy. In practice: the more I buy, the more prices fall.

More baba

This is a bit odd. I am wondering if CIA have some sort of concrete intelligence about Xi’s plan and therefore Biden is aggressive warning

He sold baba but kept JD, and then loaded up on Russia. Doesn’t appear to be smart..

Shameless cloned Buffett and bought ATVI

If someone ask a question Buffett don’t want to say much, like “does the inflation worries you so why are u still buying stocks”, “what price are you doing stock buybacks”, he is going to ramble. but if you ask him about Bitcoin, evaluate farm lands, talking about arbitrage, he doesn’t seem to be rambling to me. even when he’s rambling, if you listen very carefully between the lines, you get what he’s trying to say but doesn’t want to say directly, impo.

you ignored another problem. The questions are the same every year. So he had to repeat himself, or maybe adding some details

cuz I think last year yahoo finance screwed up, there’s was maybe 30 minutes or an hour that there’s no videos

Maybe reply will be for pro subscribers,lol

My dad has fake teeth. It’s likely because of that.

There’s one commonality between my 3-year old daughter, also my second-in-line, and Buffett’s second-in-line. They both want a house with elevator.

Bought for in-laws BABA and BRKb

Higher interest rate hurt private equity’s ability to buy companies and thus benefit Brk’s ability to get more deals done

It could be a stupid speculation: I am betting Munger sold half Of his baba due to tax harvesting not due to his view changed on baba, and someone is going to ask him on 4/30

baba

I forgot this company still exist.. Maybe they have some hidden assets, like billions of semi conductors in some warehouses??

I bought Baba everyday for the past 6 days

Nice deal: - Brk ends up with more cash after the deal then before the deal, if Buffett liquidate the bond portfolio - got a great ceo that understands insurance - and of course a good business that he understands

Brk’s stock portfolio ‘s bond proportion increases as a result.

Why would Ukraine take this deal given their city already damaged and every male is already pulled into war? Yet, Putin has more to lose if this continues.

It’s like getting re-married after you are already rich and you are not signing a prenuptial agreeement.