Parsad

Hmmm, I wonder who the TRS counterparty is? I wonder if Muddy Waters does work for them? Cheers!

Hmmm, I wonder who the counterparty is for the TRS? I wonder if Muddy Waters does work for them. Cheers!

LOL! Hilarious. If you go to their homepage and see Jordan Belfort's name...! Cheers!

That might be tough. Cheers! https://finance.yahoo.com/news/china-facing-us-financial-crisis-234945940.html

Unlike Argylle! Looked like a bad idea to start with...why put in $200M. The movie business is pretty damn tough unless you're Blumhouse or Tyler Perry! Cheers!

https://www.investors.com/etfs-and-funds/sectors/sp500-morningstar-calls-cathie-wood-the-worst-wealth-destroyer/?src=A00220 Cheers!

https://www.cnn.com/videos/business/2024/02/02/china-economy-online-ban-critics-watson-ac360-vpx.cnn Cheers!

Look, there will never be another Buffett...nor a Bezos or Gates...probably not a Musk...a Singleton...and maybe not a Zuckerberg. These guys are one-offs. But there will definitely be other successful people and they will do things their own way, while maybe stealing some ideas from others and modelling themselves in a similar manner. Prem is a good example. He's not Buffett, but he's a very good facsimile...not unlike Kobe Bryant compared to Michael Jordan. I know Andrew well. He's not the next Buffett, nor any of the guys mentioned above. But he may be another one to succeed beyond imagination. Or he may stumble like many before him and do pretty damn good or just ok. Only time will tell. Either way, take what you like from these people...be it Andrew, Mohnish, Gregmal, Viking...whoever...me included. And ignore the rest of it if you don't like it. Cheers!

She is a long-suffering shareholder in Tiny, so I hope she does not sell her position just because he is taken. Maybe Chris Sparling is available? No, Chris is taken too unfortunately! As is Tim McElvaine. Although I'm available! Cheers!

British Columbia businesses feeling the pinch from China consumer spending: https://biv.com/article/2024/01/bc-businesses-pinched-chinas-cooling-economy?utm_source=BIV&utm_campaign=8a348efb0a-RSS_EMAIL_CAMPAIGN&utm_medium=email&utm_term=0_ba3660ab09-f74cc7858e-[LIST_EMAIL_ID]&mc_cid=8a348efb0a&mc_eid=14159a6e02 Cheers!

Well said! Cheers!

For me, it just goes back to what Buffett says...look for 3-4 foot hurdles, rather than 8-9 foot hurdles. I can live with missing out on something, but it kills me when I lose money on something that has more risks than I can get a firm handle on, but I put money in it because I thought I understood that risk. I've learned there are a lot of things I do not know and cannot accurately evaluate long-term. So I choose not to play that hand. Cheers!

Your mortgage is fixed for 30 years in the U.S. generally. The bank isn't going to come in and sell your house from underneath you if the price falls but you can still pay your mortgage payment. Cheers!

That's pretty low interest, so the short demand is not that high. I remember seeing offers of 15-18% for OSTK shares when they were being shorted intensely. I'm pretty sure when the hedgies were attacking Fairfax back in 2003, brokers were offering double digit interest then too. Cheers!

What??!!! If you have offshore assets, the biggest tax collector is your own government. Risk is risk...doesn't matter whether if it is economic, political or anything else...nor who instigates the catalyst for that risk. Caveat emptor! Cheers!

Yeah, I have no problem with that. If you want to take the risk of investing in a foreign country fine. But if at the same time, that country invades another sovereign nation, and the world decides they are going to sanction that country by confiscating global assets, that is the political risk you are exposed to. Suck it up! You accepted that risk as well. Cheers!

But Hong Kong was handed back to China...not invaded. They could do whatever they want with it after that and they did. Russia invaded Ukraine. I don't understand how you can't see the difference. Cheers!

Because Russia was invaded! If anyone should know better, it should be Russia. Cheers!

Interestingly enough, his fair value estimate after Q1 2023 was $730 CDN. For a no moat company that is a bit overvalued, his target price has risen 33% in less than one year. This is just another example of what is so wrong with how institutional capital is allocated and how misguided the industry is. Cheers!

Big difference between drugs flooding other countries and a dictator invading another sovereign nation. Yes, deaths are deaths, but I would imagine more people die every year from poor air quality...who are you going to blame for that and stopping it is as difficult as stopping the drug trade? Also, it was a handover by the British government, not China invading Hong Kong. Cheers!

I agree! Will Trump keep the status quo? Other than the Middle East and North Korea, he essentially indicated that the U.S. reach will decrease during his previous term. If Trump wins, I suspect we will see considerable pullback of U.S. interests abroad, which subsequently will have an effect on the behavior of other nation states...China included. Cheers!

+1! Cheers!

That's exactly why China would probably be more inclined to go after Taiwan, as they know that Trump would do nothing to protect Taiwan. Cheers!

I agree with you. They just have to go through the pain. And they aren't the only ones...I think most of the world is going to share a similar experience to some degree. Cheers!

Communism has nothing to do with their struggles. They acquired a lot of debt and overbuilt their cities. Transparency in their accounting is another issue. Monetary controls that restrict liquidity has damaged trust in their global payment services. Then finally you have the lack of respect for property and contract law. If they simply did what they originally set out to do...communist state control of productivity and assets...but maintained their pseudo-capitalist machinations through their businesses...and managed their debt/growth properly...they would be golden! Cheers!