kiwing100

Live stream link here

Thank you for sharing this Mengan.

Thank you for your correction.

Berkshire buys back some shares Greg Abel buys shares personally with his bonus - US$15.3 mn Greg Abel commits to buy shares personally each year with his bonus.

There are forum members who invest globally or have experienced living in a country with hyperinflation. Would be interested in hearing the personal experiences of those who invested under conditions of hyperinflation or really high rates of inflation. Recent examples might include Zimbabwe, Venezuela, Argentina, Turkey, Lebanon, Sri Lanka, Latin America in 1970 / 1980's. What are your experiences in investing under conditions of hyperinflation? What worked? What didn't work? Were real rates of return achieved (i.e after allowing for hyperinflation) and purchasing power retained? How did local residents preserve their purchasing power? Conventional wisdom is that real estate is a hedge against inflation. Did local real estate preserve purchasing power? How did mortgage borrowers cope with a rapid rise in interest rates, insurance, property taxes, maintenance, etc. How did owners pay for rising costs of real estate if they couldn't sell the real estate and realise the gains due to hyperinflation? Current economies in hyperinflation Hyperinflationary economies as at June 2025 What is the impact and for whom? Hyperinflationary economies After considering the IMF WEO report and qualitative factors in paragraph 3 of IAS 29, entities with the currency of the following countries as their functional currency should apply IAS 29, ‘Financial Reporting in Hyperinflationary Economies’, as at June 2025: Argentina; Burundi (updated from June 2025); Ghana; Haiti; Islamic Republic of Iran; Lao P.D.R; Lebanon 1 ; Malawi; Sierra Leone; South Sudan; Sudan; Suriname; Turkey; and Venezuela. The projected three-year cumulative inflation of the economies in the list above is expected to continue to exceed 100% during the first half of 2025. All economies that were hyperinflationary as at December 2024 continue to be hyperinflationary, apart from Ethiopia, which is no longer hyperinflationary from June 2025. In addition, Burundi is considered to be a hyperinflationary economy from 30 June 2025 onwards.

Author of "Richer, Wiser, Happier", William Green interviews Howard Marks https://youtu.be/hmHk_lqv_6s?t=57

Read Dalio's book on How Countries Go Broke. Buffett - "fiscal policy is what scares me in the United States" https://youtu.be/j1vGFpd49wM?t=5577 What are the potential future scenarios of the US sovereign debt and US fiscal debt situation? What are the solutions to reduce the impact of these potential future scenarios on investment portfolios?

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A couple of other notable long tenured CEO's transitioning to new CEO's Citigroup - Sandy Weill transition to Chuck Prince AIG - Hank Greenberg transition to Martin Sullivan

https://buffett.cnbc.com/video/2023/12/05/charlie-mungers-final-cnbc-interview.html

On Apple podcasts Part 1) https://podcasts.apple.com/us/podcast/charlie-munger-a-life-of-wit-and-wisdom-part-1-12-02-23/id1480890290?i=1000637264352 Part 2) https://podcasts.apple.com/us/podcast/charlie-munger-a-life-of-wit-and-wisdom-part-2-12-02-23/id1480890290?i=1000637264246

Audio of interview on CNBC https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9WSEFjZ2F3Xw/episode/MzdiNmRiZTEtNWE0ZS00ZGQ3LWJkMGMtYzczZTBhZjIwMGUz?ep=14 https://podcasts.google.com/feed/aHR0cHM6Ly9mZWVkcy5zaW1wbGVjYXN0LmNvbS9WSEFjZ2F3Xw/episode/NTI5YzY0NTgtZmQ2NC00YTcwLTg5MzMtODIyZWZiZDUxZDZl?ep=14

Today, we’re releasing a conversation between John Collison and Charlie Munger. We've had this interview with Charlie scheduled to air for a while, coinciding with Stripe Press's launch of the amazing reprint of Poor Charlie's Almanack, which is released today. We were all stunned last week when we heard the news of Charlie's passing, but having consulted with those close to him, everyone agreed that he'd want us to release this interview. I'm thankful to be able to learn from him just one more time in this interview. Please enjoy, and may Charlie Rest in Peace. https://podcasts.google.com/feed/aHR0cHM6Ly9pbnZlc3RsaWtldGhlYmVzdC5saWJzeW4uY29tL3Jzcw/episode/NTNjNjY5ZTQtOTJiYS0xMWVlLTg0NjQtMzNkZTIzOWQxODBk?sa=X&ved=0CAgQuIEEahgKEwjIm8je2_qCAxUAAAAAHQAAAAAQ4gM

Soft copy here https://www.stripe.press/poor-charlies-almanack/book?progress=0.00