Dalal.Holdings

I agree, a lot of the spending is wasted on stuff that would destroy the competitiveness of the USA. Look to Europe as a warning (UK PIP is an egregious version of this)

https://www.bloomberg.com/news/articles/2025-10-10/bessent-s-big-gamble-on-argentina-has-a-narrow-road-to-pay-off?srnd=homepage-americas The odds don't look great for Scottie B's $20B bet on Argentina

I'm sorry, what ???

I don't like all the acquisitions from Azelis with little to show for it--when does that change ?

So we have a new Japanese PM interested in expanding defense and nuclear power. Anyone have any related names? I'm not looking for big names like Mitsubishi Heavy Industries (as many are overpriced), but small names that could benefit I owned 6637 which was a Net-Net but sold after quite the run-up in the past year. I might buy back in if it sells off some

The funniest thing about oil bulls is... They gloat "MY oil company has increased reserves!" (See OXY thread) without thinking about the broader implication and what happens when just about every other oil company is also doing so... Just look at shale drilling technology and all the oil it has unlocked at low, low cost...and only in the U.S. so far. There are shale deposits around the world yet to be tapped... And yes, $200, even $150 oil would cause many new sources to come online/be discovered And you have a R President who wants to open up more land for drilling and is obsessed with keeping oil prices low... And then you have to contend with demand: the likes of BYD churning out more and more EVs/hybrids and shipping them around the globe....

This is becoming quite comical. One day people will ask how everyone could be so stupid, but I guess that day is not today... https://www.cnbc.com/2025/10/08/nvidia-huang-amd-open-ai.html

LOL....

https://www.bloomberg.com/news/articles/2025-10-05/opec-agrees-to-modest-137-000-b-d-oil-supply-hike-for-november?srnd=homepage-americas Moar Oil...

I'm not sure her favoring restricting immigration is a good idea for Japan... https://www.ft.com/content/3c020865-3984-48b4-844a-aac03231a724#comments-anchor When did Japan have work-life balance to begin with ?

The other thing with buying 21 P/E Japanese cos is the demographic time bomb. I don't think it's relevant for export oriented Japanese businesses, but more domestic ones like these it might eventually become an issue

The problem is, if I’m willing to pay 21 P/E, there are plenty of western companies I can understand much better that I can invest in around that multiple, so why bother trying to do it in Japan

Not only that, wait till mom & pop next door see what their power bill is. The politicians are going to have to put a stop to a lot of this expansion which means some of these data centers could be giant paperweights. https://www.bloomberg.com/graphics/2025-ai-data-centers-electricity-prices/?accessToken=eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJzb3VyY2UiOiJTdWJzY3JpYmVyR2lmdGVkQXJ0aWNsZSIsImlhdCI6MTc1OTIyNzkzNCwiZXhwIjoxNzU5ODMyNzM0LCJhcnRpY2xlSWQiOiJUM0RFRzlHUFdEM1EwMCIsImJjb25uZWN0SWQiOiJENjJDNjQ5QzExNTk0MkZGQUZDQjUyMjBFMkEyQjlGQSJ9.uZ_4kiyRpkOXL6xUM3VdVp33r0muP-LSTIzwxHWOp5k

Quite impressive...just don't ask where the returns are...

As i noted: the 1999-2000 internet companies mostly went bust or went nowhere. The future winners of the internet (Goog, Meta, etc) were not even born/public in 2000. The only real exception is AMZN which suffered a big, long drawdown.

It’s amazing how much money foreigners are putting into the U.S. to fuel the bubble…kind of like Europeans getting in on U.S. railroads in the 1800s blindly…didn’t work out for a lot of them

A lot of them have egos. They also have lived through an era in tech where it was winner-take-all or winner-take-most and think that they have no choice but to run this race. That if they don’t participate, they’ll wither away into irrelevance…

It feels like ‘99 in that AI is still early and not really going to change much. I’d bet that most of the companies that will get huge as a result of this technology have yet to be born, and a lot of the companies held in high regard today won’t live up to lofty expectations

What happens when your new LLM Middle Manager hallucinates stuff at you

https://www.bloomberg.com/news/articles/2025-08-29/uk-lenders-slump-after-new-calls-for-bank-windfall-tax-in-budget *European business finally gets some nicely positive results after years of pain* European Politicians: "Time for some windfall taxes" Be careful out there... The best part about taxing banks' windfall profits? Will decrease the amount of lending/capital deployed in the broader economy. Absolutely brilliant stuff coming out of these influential leftist think tanks that have a lot of pull with Euro politicians. No wonder they claim anyone who disagrees with them is a "far right extremist!" The leftists have done wonders for the continent over the years--shut down nuclear power, everyone has to do ESG statements (but none of the automakers can make competitive EVs vs Tesla or BYD), AI Act, tech regulations, etc.

https://www.wsj.com/world/americas/u-s-treasury-chief-hints-at-argentina-financial-rescue-334a3b3c?mod=hp_lead_pos3 I guess as long as you are in the Right Wing Club, you'll get a bailout from the supposedly "America First" White House these days

Mitachi (3321) raised its earnings forecast...now projecting that current FY (ends in May) Sales up to 105B JPY (from 100B JPY), Op Profit 2.25B JPY (up from 2.0B JPY), and EPS of 220 JPY/Share (up from 188 JPY/Share). Traded up over 10% on the news, still at a P/E of 7 for current year forecast and next FY expected to be even better as Denso business gets more integrated...

I hope ya’ll are paying subscription fees for your LLMs…

Well I added more Bollore…ill keep adding in bits as it grinds down

I’m sorry, but what “Golden Age” is Spier referring to exactly? He and his promotional value bro cohort (Pabrai, Tilson, etc) have underperformed consistently the entire last decade and more. If there was a Golden Age, Spier was never part of it.