Parsad

Done. There were about 20 of them...stop ruining threads guys...keep the tariff and political talk to those threads. Cheers!

That's probably my favorite segment from any comedy ever made! It was so brilliantly written and acted by both Stiller and Downey Jr. You couldn't write that today. Cheers!

+1! This sucker would sell his own wife and children for the Presidency! Already has, really. Cheers!

Are you kidding me?! Vance has a hard time relating to other people...even MAGA cohorts. Obama could turn a smile with his enemies! And in terms of as an orator, Vance is like a beaten up old Lazyboy next to Obama's charismatic, eloquent Herman Miller Eames! It's not even close. Only maybe Ronald Regan or Lincoln were as worthy orators as Obama. Cheers!

Will you find a way of defending anything they say? I'm more inclined to say that Chinese are as bad or worse than Americans when it comes to these issues...but will you defend absolutely anything the Trump Administration says?! Even Greg pushes back on stupid ideas and comments by them. But Cubs, are you actually part of the administration, then I could understand all of the ass-kissing! Cheers!

At some point, he'll probably stop bending the knee and then he'll just be another exiled administration staffer. What's the spread on Musk being booted before the end of the year...I suspect it's closer to 2 months than end of the year now. How long does Bessent have? You either suck it up with Trump or he says "bye-bye...what a great word...bye-bye. Nobody uses that word better than me...it's one word, but two words with a minus sign...whoever made bye-bye...we need to hire good people like that!" Bye-bye! Cheers!

LOL! Cheers!

In the mean time, it might bankrupt and unemploy millions. Pick your poison! Cheers!

More like palsy! Cheers!

https://www.cdc.gov/vaccine-safety/vaccines/covid-19.html You don't need to go to your doctor. Cheers!

Ok, not equivalent...but similar...FFH, MKL, etc. Cheers!

That being said, nothing changes policy faster than being wrong! Cheers! https://www.cnn.com/2025/04/06/health/measles-texas-second-child-dies/index.html

So just own Berkshire or an equivalent. Takes all of the psychology out of it. Cheers!

Yeah, I agree that seems to be the correct one...just confirming with North American investors. Cheers!

Thanks Milu! I don't see a single ADR...there seems to be a ton of codes for LVMH globally. Cheers!

For most of you buying LVMH from North America...where are you buying it...Paris or the pink sheets? Cheers!

Pretty much so. The U.S. economy was actually perfectly fine before Trump fucked it up. Unemployment was near historical lows, S&P earnings were growing, US GDP was growing, etc. Sovereign debt and annual deficits were a concern, but I'm not sure Trump's strategy will solve that short-term either. Cheers!

S&P doesn't have to drop much further. It could go sideways for several years as earnings build up again. So, that's why it is hard to call a bottom and most investors should be fully invested before the actual bottom. You can always sell more expensive stocks to buy cheaper stocks and wind up the spring in your portfolio. But if you wait too long and miss the bottom...well I think a lot of people missed the bottom of the Pandemic and on the gains. Cheers!

Yup, I think that's reasonable considering the risk free rate on the 10 year will probably come down to 3% in the next few months...putting upward pressure on that P/E multiple. The longer it goes, the greater the S&P earnings drop. If you assume a 10% drop in the earnings...give it a 16 times multiple and S&P hits 3200. So it's probably in that range somewhere depending on when this shit stops. Cheers!

Hang in there. Don't make emotional decisions. Use this period to learn more. Cheers!

Short-term, I think we're probably 40-50% of the way there before they start making concessions or deals...total drop of 30%-35% across the indices. Long-term, I think there are some things that will never be the same, so I don't know how that will affect long-term cash flows for businesses. But I'm being a bit optimistic! Cheers!

I think those two are the best Westerns ever made. The acting, charisma, cinematography, music, editing, action...they are perfect! And made by a crazy Italian at that! Cheers!

Take a look at the market capitalization of the top 5 technology companies globally and the profits they make...all American and they gross about a third of California's total GDP. With that type of money, you can buy all the ships you want. Future wars won't be fought on the seas...they'll be fought by cyberattacks, drones, robots, missiles, etc. As long as the U.S. has enough ships to cut off key shipping lanes, which they do, then they are good. Rather than worry about ship-building, they are better off just buying the Panama Canal or increasing their position in Greenland...as they are doing. As well as hammering China by tariffs. They just have to be careful about outlier events from these changes in policy. Cheers!

I'm not saying Berkshire will be better or worse after Buffett...just saying that is there anyone there (other than Jain) who has shown a history of making big bets and has the big balls to do so. Buffett might have missed the pandemic, but let's cut him some slack...missing 3 or 4 things (Walmart, Amazon, selling Berkshire equity, pandemic) in a 75 year career of 20% compounding...he cannot be replaced. Cheers!

I disagree with this. If the world is building ships, but you are building the best technology companies in the world, I'm not sure the world has the advantage here. It's why AI dominance is so important. Almost 95% of the textile business is outside of the United States...would you rather have the entire world's textiles business come back to the U.S. or Google? I would take Google any day of the week! Cheers!