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Parsad

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Everything posted by Parsad

  1. Details: https://www.fairfax.ca/news/press-releases/press-release-details/2023/Fairfax-Announces-Hybrid-Annual-Shareholders-Meeting-Details/default.aspx Cheers!
  2. I'd be happy to get rid of alcohol, gambling, smoking and all non-prescription drugs other than weed. You can also count guns in that...all guns! I'm just saying the rules are completely stupid in the U.S. between alcohol possession and gun possession. Cheers!
  3. I think these are the complaints that every generation has..."things were better in the past." Some things maybe...generally, a lot of things weren't! Cheers!
  4. Pppphhhtt! Legal age to access alcohol in the U.S. is 21...whereas the legal age to possess an assault rifle is 18. Talk about f**ked up! Cheers!
  5. Canada is presently taking in 1M immigrants a year for a country that only has 38M people altogether. We don't have the same problem with mass shootings or gun fatalities here even though gun ownership is pretty high. Immigration is just an excuse for gun violence in the U.S. because of the sheer amount of guns per capita the U.S. owns. The numbers are just stupid! I do agree though that prosecution of those that are involved with gun-related criminal activities is also lax in the U.S. Cheers! https://www.cnn.com/2021/11/26/world/us-gun-culture-world-comparison-intl-cmd/index.html
  6. The irony is that the Premier (equivalent to Governor) of British Columbia, who is a hard left politician, supported the decampment and clearing out of the tent cities. Of the 100 or so tents removed, only 18 people took up the city's offer for housing. The former mayor is just trying to get his job back! Cheers!
  7. Even one death at school is a problem. Cheers!
  8. Isn't that kind of like saying..."hey things are bad, but they could be worse!" Not words we all want to live by. Cheers!
  9. Common sense would dictate that those against gun control would get voted out. Here they are in power. But like the debate between universal/private healthcare in Canada, gun control discussion in the U.S. is a non-starter. You would also think that those against tougher criminal charges and prosecution would get voted out, but nope they stay in power as well, creating leniency in the court system which allows scumbags like the guy above to roam the streets instead of rotting in jail. Cheers!
  10. https://finance.yahoo.com/news/buffett-says-geopolitics-factor-berkshire-141522492.html Cheers!
  11. https://finance.yahoo.com/news/bank-america-shares-12-charts-004727999.html Cheers!
  12. Unfortunately article has a paywall: https://www.wsj.com/articles/houston-apartment-owner-loses-3-200-units-to-foreclosure-as-multifamily-feels-the-heat-fb3d0e75?siteid=yhoof2 I think someone on here posted once before on how to get past them. Cheers!
  13. I know that this is the "Leaving NY City" thread, but I thought this might fit here: https://www.cnn.com/2023/04/11/business/san-francisco-whole-foods-closure/index.html Crime has elevated significantly here in Vancouver and Seattle as well...homelessness, tent encampments, shoplifting, etc. Cheers!
  14. Like 10-12 people. Half of them stopped buying as the stock plummeted below $100 and most sold out before they broke even. Cheers!
  15. Everybody was buying BABA because Munger was loading up. No one was really buying META. I learned my lesson a long time ago after trying to buy some things Seth Klarman was buying...so I always look for stuff that almost no one wants to touch. Very few were buying FFH back in early 2020 when I was buying...even after Prem announced he was buying $150M, people still were wary. I remember when I was buying BAC in 2008 before Buffett announced...only a handful of us on the COBF were buying BAC. Buy when no one wants it, but make sure you've got the facts right! And don't emulate anyone else...just do your own work and have conviction in your assumptions. Cheers!
  16. https://finance.yahoo.com/news/berkshire-hathaway-sounds-investors-yen-020707835.html Cheers!
  17. https://www.cnn.com/2023/04/10/business/commercial-real-estate-banks-offices/index.html Cheers!
  18. He truly eats his own cooking! He's also one of the best corporate leaders I've ever seen...warts and all that some people like to point out. Cheers!
  19. https://finance.yahoo.com/news/binances-us-arm-struggles-bank-140127369.html Cheers!
  20. Might as well start a thread on ideas for this sector as it starts to get hit next year! First pandemic, then interest rates, now lack of capital for debt renewals. Cheers! https://finance.yahoo.com/news/1-5-trillion-wall-debt-200000766.html
  21. 20 Stocks Account For 90% of the Gain This Year: https://www.ft.com/content/b01c0a46-1162-4893-8b92-d42fbf4424a0?ftcamp=traffic/partner/feed_headline/us_yahoo/auddev Cheers!
  22. Can't say yet. Still just nibbling. Once I take a big bite, will let you know! Not OSTK. BBY somewhat fits the description, but not as cheap as some of the other retailers I'm looking at. Retailers and restaurants have probably experienced something as bad, if not worse than what the banking industry just went through. And they've suffered for years in terms of learning to compete against non-brick and mortar businesses, pandemic, inflation, shut-downs, debt accumulation, etc. While they may not be great businesses long-term, they certainly have learned to become more efficient because their existence depends on it. When everybody is taking a piss on your industry, it might be time to look at what is fundamentally happening and if there are bargains there. Retail and restaurants seem to be there, but restaurants have more headwinds against them still with labor and food costs. Retailers are doing more business online...restaurants don't have that luxury. Thus why retailers are piquing my interest here and restaurants still aren't. Cheers!
  23. I clicked on the name of the site that posted that...TTI@TikTokInvestors. I watched some of the videos on there...oh my God! As a value investor, all I can say is that I'll be able to take advantage of inefficient markets forever, since there are a lot of morons out there doing very stupid things! Cheers!
  24. I haven't bought anything since I was buying tech stocks. Now I'm starting to nibble on a few different retailers. Why? Many retailers remain significantly undervalued due to the pandemic, interest rates, evolution of retail, etc. But, a lot of them have paid down debt that they accumulated during the pandemic, sales have rebounded back closer to pre-pandemic levels, employment and incomes remain strong, and inflation/interest rates are slowing. Some pay very decent dividends, are trading at single digit multiples and remain battered because of commercial real estate risks. But if you own the land and buildings, commercial property risks mean little. They've also made huge progress in underlying operating expenses and inventory that had to be reduced over the last couple of years. Many have also increased their online sales during that same time. They are also not exposed to the same type of margin compression that say restaurants would be exposed to where food costs continue to be very high. Cheers!
  25. No...that is rational. But they are essentially moving capital from FDIC insured accounts to money market funds that aren't insured. If you are concerned about a bank run, that might not be rational. You can still get 4% in bank GIC's. Also, not all money market funds are the same...many invest in more riskier short-term fixed income instruments to boost yields. Investors don't understand the difference because they don't look at the underlying securities of funds. I just don't understand why people don't buy treasuries directly. Cheers!
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