Parsad

https://finance.yahoo.com/news/ai-create-largest-displacement-human-193018798.html Cheers!

https://www.cnn.com/2023/11/16/health/uk-casgevy-approval-crispr-gene-editing-sickle-cell-scn/index.html Cheers!

It went from criticisms to some downright nasty things...the thread had to go. Please keep things to critiques on this thread. Cheers!

Actually one of his most under-rated roles was Ridley Scott's "Kingdom of Heaven" where he played King Baldwin and he had a mask on for the entire movie because of leprosy. When I first saw it, I didn't realize it was him until the credits! Great movie! Also does a great job showing why the Middle East conflicts will never end. Cheers!

Had no idea that actor Edward Norton was this involved in the digital media game. Cheers! https://finance.yahoo.com/news/edward-norton-on-future-of-streaming-ads-will-double-netflixs-market-cap-120033221.html

John Malone believes Buffett is expecting opportunities due to massive cash pile. Cheers! https://finance.yahoo.com/news/warren-buffett-sitting-monstrous-pile-193107202.html

It was a fantastic movie, but went completely off the rails in the final 5 minutes. Christoph Waltz, Jamie Foxx, Leonardo Di Caprio and Samuel L. Jackson all had Oscar worthy performances. Just Tarantino went all nuts in the final 5 minutes. Sometimes it works like Once Upon a Time in Hollywood and sometimes its a mess like Inglorious Bastards! Cheers!

Mohnish is a very good friend. I'm sure retail investors for years have been clamoring to find a way to invest with him, and this is probably the solution for those that aren't accredited and/or can't get a slot in any of the original Pabrai Funds. Good for those investors and good for Mohnish. That being said, for most investors, they would be better off just buying a cheap S&P500TR index and averaging in money each year. Buying into Pabrai Wagon Fund or the Chou Funds or McElvaine Trust...all really good friends of mine...for non-accredited investors, it is the only way to get access to those managers. But mutual funds with high expense ratios generally won't outperform the market index over the long-term. At the very least, if you are insistent on access to these managers, maybe hedge the bet and put half your money into them and half into an index fund. Cheers!

+1! Cheers!

It won't be like 80% of the population...many will either transition to other new opportunities or participate in entrepreneurial/social endeavors. But I would imagine 40-50% of current task/repetitive occupations would become obsolete for humans. We've lost occupations before...and new occupations replaced them in a new economy. The same happens after each revolution in technology. But advanced robotics and AI will create far more upheaval in how the new economy will operate. Cheers!

I think AI and robotics will almost certainly lead to the end of many jobs...but at the same time lead to increased margins and profitability in many industries normally operating with lower margins. That would mean that society would have to create a guaranteed income for people. AI and robotics will also be a savior for those countries facing unfortunate demographics and limited immigration...especially since the global population is expected to begin a decline at the end of this century. AI and robotics will also speed up our exploration of space, and the colonization of other planets. Cheers!

+1! Totally agree with this. I think some people may remain cautious because this was the setup in 2008/2009 and because of the short positions, those investment gains never totally materialized because they were offset by the short positions. Hopefully Prem and the old Hamblin Watsa team have learned from those mistakes, and the new blood (Wade and Lawrence) are a bit more active in finding investment targets when opportunity appears rather than playing a macro game. Personally, I think they have...but others may still be a bit cautious...including some analysts. Cheers!

https://www.cnn.com/2023/11/10/business/china-business-leaders-crackdown-intl-hnk/index.html Cheers!

Cheers!

Yup, so true! Cheers!

Yeah, go to "Investment Ideas", click Search by "Title"...all of the Investment Ideas will come up in alphabetical order with numerical tickers first. It makes it easy to find any single ticker/company. You have a title like the Budapest title and you'll never find any ticker/company. Cheers!

If you don't follow the title protocol (Ticker Symbol - Name of Company) it gets moved here. The reason we do that is so it is easy to find a ticker or company by "Title" in the Investment Ideas section. You have extensive titles like this and the search won't work properly. Cheers!

https://www.cnn.com/2023/11/07/business/wework-bankruptcy-offices-real-estate/index.html Cheers!

I play every night here for about an hour...speed chess...4-5 games: https://lichess.org/ Been playing since I was 8! Not sure if it has ever influenced my tactical playbook or investment process, but I love playing. Cheers!

200% over three years...with more to come...definitely nothing to sneeze at! Cheers!

Good article that covers this: https://www.dazn.com/en-CA/news/football/how-every-former-bill-belichick-assistant-has-fared-as-an-nfl-head-coach/jdt5dwqxx67j1e0yyra59zzy6 It's like how Michael Jordan or Wayne Gretzky were never a good coach or GM. Sometimes the great ones can't teach what is often unteachable...natural instincts, drive and skill. Also helps if Tom Brady is your quarterback for 20 years! Popovich teaches accountability, responsibility and humility...the drive, instincts and skill are already in his players/assistants...he just brings them out the right way. Cheers!

It was actually Francis Chou and Brian who brought the idea of CDS to Hamblin-Watsa. They were sitting in one of their team meetings and Prem asked if anyone had any good ideas as good investments weren't readily available at that time for distressed investors. Francis and Brian had been talking about CDS previously and Francis nudged Brian to say something. So Brian, said "Well there are credit default swaps"...and that was how Hamblin-Watsa first found out about the idea. It was the reason why Francis tried to get the MFDA to approve CDS for his mutual funds. He was approved a little too late and couldn't buy them at the price he wanted...otherwise the Chou Mutual Funds might have made a killing too! Brian is very down to earth...just like Francis. I've been saying for the last 15 years that Brian is one of the best fixed income investors of all time. He keeps burnishing that reputation over time. I just hope he is able to teach Lawrence and Wade everything he knows. Cheers!

Once Brett Horn actually goes bullish and changes his target to $1,500, then worry! Until then, enjoy the ride...probably the best run in terms of growth in book value FFH has been on since the 1990's! Cheers!

His target was $730 CDN after Q1 2023, $790 CDN after Q2 2023 and now is at $970 CDN after Q3 2023. Somehow Horn's own estimates are increasing quarter after quarter for this "no moat" company! Cheers!

No idea! I've been watching this problem grow in Vancouver for 30 years now and the pandemic/recovery has just made it worse. Different countries handle this differently...weather be damned. I remember not seeing a single panhandler or homeless person anywhere in China...but we know where they put them! In India, they are all over the place in Mumbai and Delhi. I saw very few in New Zealand and outskirts of Australia, but a lot more in Sydney or Melbourne. In the UK, I saw more in London and Belfast, but none in Inverness, Cork or Edinburgh...maybe one in Dublin. Vancouver has thrown the bucket at this for 20+ years, and it hasn't made a dent. Money, resources, policing, mental health support, drug policy, etc...nothing! In fact, there are 3,000 homeless people this winter in Vancouver and only 1,500 cold weather shelter beds. They are trying to figure out where to put more beds! Maybe this is why Buffett originally wasn't going to give away his money till he died...he said something to the effect that he can compound it faster and give more later rather than giving it now...that the problems would all exist in the future as well. Susie changed his mind about giving, but maybe he was right! Cheers!