Parsad

Yeah! One thing streaming did is to create a ton of mediocrity. Unless you know what is worth watching on Netflix, you end up wasting plenty of time on garbage to find that hidden gem. Cheers!

2008. He was on the board of New Century when it went bankrupt...largest mortgage bankruptcy in history. He wouldn't talk about it after. Cheers!

I'm going to have nightmares about this! Cheers!

Noah would be dismayed...85% of global fauna would be extinct on this ARKK! Cheers! https://www.investors.com/etfs-and-funds/etfs/cathie-wood-loses-money-on-every-stock-she-owns/?src=A00220

https://ca.news.yahoo.com/donald-trumps-major-announcement-dumbest-184514165.html One of the funniest things I've seen in a long time! Hilarious! Cheers!

Direct one to one transactions on a large-scale basis will only happen if governments can track sales. The cost will come down on a transactional basis compared to banks and credit card companies, but governments will have to be able to track a transaction and determine who is generating revenue from that transaction. The tax authorities will not be stymied forever...they will demand their pound of flesh one way or another. Cheers!

It will hit $900 during the 1st Q of 2023 and $1,000 by the end of 2023...a year ahead of schedule. Prem's $150M investment will be $300M pretty soon! And those total return swaps are going to look pretty damn good too! Cheers!

Only if you have 100% of your wealth in crypto. Even those that are extremely confident in crypto's future don't have 100% of their assets in crypto. Even if you only put 20% of your net worth in crypto...the likelihood of the U.S. becoming authoritarian is still probably far lower than the long-term survival of current crypto coins. You are better off holding gold and diamonds offshore...at least they have some utility value. Cheers!

If you think the IRS isn't going to go after crypto wallets at some point, you are gravely mistaken. Even now you have to report any profits on crypto on your tax return. It's only a matter of time before they start tracking crypto accounts once regulatory measures are in place and enforced by securities agencies. Crypto will not be any safer than fiat currency accounts. Remember the Swiss bank account with only a number and no name associated. Well, we know what happened with those accounts. It may take some time, but the IRS and other tax authorities will be able to track and trace crypto accounts and transactions. Cheers!

I agree with Putin needing to save face to end the war. The only way that happens, which I've been saying from the beginning, is if he gets a piece of the Ukraine...bringing the Crimea region back into the fold. Cheers!

This is what I don't understand in your argument...the same cannot be said for the USD! You have tax revenues, gold reserves, resources, assets of the U.S. government all backing the USD dollar. It's not simply something priced out of scarcity. There is nothing backing BTC or other crypto...nada, zilch, zero! You can take a multiple of the total tax revenue base of the United States, plus the gold reserves, value of resources including land, constructed properties, intellectual property, etc and come to a valuation on a per capita or per outstanding dollar basis. Essentially you can calculate an intrinsic value for the USD. You cannot do this for BTC. You cannot even come up with any liquidation value for BTC. Cheers!

So your attorney friend...how does he bill? Does the invoice change every day with the large fluctuations in BTC? Does his billable hour change from $250/hr one day to $50/hr another day? He's really just doing nothing different than an attorney or broker taking equity in a startup, but instead he's accepting BTC which has more liquidity. Cheers!

If it's seized, then what good would BTC be? There was once a massive market for trading stamps...at least they could be traded for something. Current crypto is the new trading stamp...but with no set value that you can trade for. You may get $60K a coin or you may get nothing! Cheers!

Because they can't! 99% of the world currently would not accept BTC or other crypto for any other asset unless you pay a massive premium in price using the crypto. Then maybe you'll get some takers! I'm happy to sell a share of BRKA for $10M in BTC. Sharper? RK? Cheers!

If the rest of the world goes in the shitter...why would BTC have any value at all? Ask yourself that. Frankly farmland would have far more value! Cheers!

I'm not sure anyone said not to support Ukraine. The fear was that with too much support, it may just lead to a larger scale war engaging other European nations on both sides. Cheers!

The system is for defense purposes only...not to take out drone/rocket bases. My concern is you add the patriot missile defense system, and now Russia will look to unconventional weapons in the war. You could hope Putin may say..."Oh well, our rockets can't get in now, so we'll call a truce!", but that's not him. The war may become more volatile and dirty than it's already been! Cheers!

Not sure if I'm worried more or worried less: https://www.cnn.com/2022/12/13/politics/us-patriot-missile-defense-system-ukraine/index.html Cheers!

Don't quite agree with this. Agree that inflation is coming down. Don't agree that you can take out Food and Energy. It's like people using EBITDA all the time. Not completely accurate in showing what is going on with consumers. Just like FED was slow in noticing inflation, this would give the opposite inaccurate picture. Cheers!

You knew it was coming! https://finance.yahoo.com/news/ftx-founder-sam-bankman-fried-arrested-bahamas-001141970.html https://www.thestreet.com/investing/cryptocurrency/crypto-problems-grow-binance-might-face-charges?puc=yahoo&cm_ven=YAHOO Cheers!

Russia will win this thing if the U.S. and allies concede to dumbass deals like this: https://ca.sports.yahoo.com/dea-agent-who-helped-put-viktor-bout-behind-bars-slams-brittney-griner-swap-we-couldnt-even-get-two-people-for-the-worlds-most-notorious-weapons-trafficker-220232108.html Why they did this deal I'll never understand! Cheers!

Sixty-Two is majority controlled by Prem and his family. Originally it was comprised of some other outside investors, including Robbert Hartogg...who was one of the largest investors in Fairfax for many years alongside the Watsa Family, and a mentor/advisor to Prem. Not sure what happened after Robbert passed away, but even then Prem and his family controlled more than 60% of Sixty-Two. Cheers!

Haha! Not that I think natural gas is the long-term solution...just better than coal and oil. Cheers!

Odds of a business making it to 6th generation is 500-1...so within the parameter I stated of "less than 1/10th of 1% of all businesses ever in existence." Pretty damn hard to get there...but some have. https://abcnews.go.com/Business/families-run-companies-100-years/story?id=17285711 Cheers!

Essentially, Fairfax is built to withstand a one in 250 year event. Now a 9.0 earthquake in the Cascadian subduction region happens once every 500-600 years or so. And it's been about 325 years since the last one. So on that spectrum...a 9.0 earthquake hitting Seattle or Vancouver is getting more and more likely to happen. I don't care who the actuary is, you cannot get a reasonable estimate of that risk for any policy that is being underwritten. So either you better cap that loss, or you don't write that policy. As remote as that possibility is, that's why I want to sleep soundly at night, and I subsequently reduced my FFH exposure from nearly 70% to 30%. Now when FFH was at nearly half of the current price, you had a massive margin of safety...so taking a 35% position and watching it grow to nearly 70% was risk-reward adjusted. At nearly $800 CDN per share, 30% is just right for me! Cheers!