DooDiligence

Another 2% seems reasonable. Amounts to another $25B for ShittyBank (if I read this right). https://www.citigroup.com/rcs/citigpa/storage/public/b3ad230331.pdf I'm also not bothered about mark to market losses with BRK but a bank, yes. ===

Warren Buffett’s Burlington Northern Stake Tops 22% With New Options-Related Stock Buy In exchange for $14.8 million up front, Berkshire agreed to buy the 2.3 million Burlington shares at $75 each at the end of January. The buyer was paying for a form of insurance. In exchange for the premium of almost $15 million, the buyer of the options got protection against Burlington’s shares falling below $75, which they have. If the stock had stayed above $75, the holder of the options would not have exercised them and held onto the stock instead. === Warren Buffett Again Sells Puts on Burlington Northern Santa Fe, Berkshire Hathaway Filing Reveals

I pay Apple $2.99 a month for 200gb and everything is seamless. I backup everything that's on my desktop which includes my entire document folder but I exclude my old iTunes library of ripped CD's (120+ gb). Everything is easily accessible from my iPhone, iPad and MacBook. Working cross platforms is a breeze. I'm going to have to upgrade to the next storage level soon because I've started working with Final Cut Pro and the files are starting to max out my current iCloud storage. My MacBook has 2tb onboard so no worries there (yet). At first, I resisted paying more for iCloud storage but it became a necessity and I don't regret it.

Black box. Never should've bought to begin with.

Completely exited SoftBank. It should go to the moon now.

Added a smidge of Disney.

Went to see and hear Les Claypool and the Flying Frog Brigade last night. I really wanted to hear them do a little Primus (Frizzle Fry and John the Fisherman would've been great), but got a Pink Floyd Animals cover set (with Sean Lennon nailing the guitar just like in the attached video) + a lot of new Purple Frog material. His Pink Floyd arrangements are wayyy better than Brit Floyd.

It's important to develop a healthy relationship with your vices.

Long live the knowledgable numbers nailer of the North Shore.

I was in Augusta for the Masters tournament and this looked like where my hotel was.

That looks more like an off ramp at Augusta.

Kind of related. Here's a couple of nice privately owned Swedish business. The 1st one is Apple-ish in their product design & marketing. https://teenage.engineering https://www.elektron.se/us/ I can attest to the amazing performance of both companies products. I don't often use the word amazing but damn...

his goal is to troll

Every 4 to 6 months I look back at what a moron I was 4 to 6 months ago. I'm about half way through "the Subtle Art of Not Giving a Fuck" by Mark Manson and it has some really good ideas in it. Your thought about "treat your former self with grace" fits well with what he's saying.

I've seen a couple of meme's on reddit where WEB gets lumped in with the likes of musk and other odious characters. Also got into an argument a while back over the lack of philanthropy among the uber wealthy and when I linked to Buffett's history of giving I got downvoted into oblivion. A lot of people are having a hard time sifting through bullshit to see truth. This has always been a difficult task but I think it's exponentially more difficult in the era of viral hot takes and mis/disinformation.

Disney thread gets a dishonorable mention.

The name of this thread should be changed to philosophical circle jerk.

Berkshire?

A little more Disney.

increased DPZ by 20ish % with some NVO funds

Good discussion with ADSK CEO Andrew Anganost on AI and their business model. https://www.bloomberg.com/news/videos/2023-04-25/autodesk-ceo-on-ai-acquisitions-video He see's AI cutting out a lot of the grunt work in getting design projects started. The pitch seems easy, "pay us more and you get to fire a bunch of people" (years away?) They're building LLM's & MMM's with customer data using mostly Amazon but also MS services for AI. Reminds me of Core Labs using customer reservoir data to sell products and services. Design & lifetime management systems are likely to catch on in the coming years. https://www.autodesk.com/partners/aec-partners/infrastructure http://extranetevolution.com/2021/02/autodesk-spends-us1-billion-innovyze/ CEO says he likes acquisitions into adjacencies (see above: $1B for Innovyze to get into water management), but prefers to develop new products in house using core competencies. Customers all have backlogs that are growing but at a slower pace. Customer migration to cloud services is slow. Jobs can last a decade or more and many prefer to stick with the existing platform and change slowly as project pace allows (like during a recession). Not cheap by any stretch of the imagination.

ba dum tss

Our holdings may be different (we have BRK + DIS in common), but our ideas are the same. I look at money as a flywheel that spins with the inertia of my productive years. Equities add rpm's by compounding a lot of other peoples efforts. I put very little friction on the machine now but do it to good purpose. Later, when I can't mow the lawn, I'll lean on the wheel a bit more. Meanwhile, it gets stronger while I do very little.