thowed

Thanks for this. I believe in India for the long-term, but it did get a bit ahead of itself. Hopefully things are turning again - I bought a bit more of my favourite fund today.

Think it depends whether you think it was through skill or luck. Obviously there's always a bit of both, but here it seems that there was a fair bit of coin tossing involved. But then again, you generally (note generally) don't make big money without taking big risks. Politics aside, it's undeniably impressive what he's achieved, but personally I wouldn't be happy with top dogs of a company I owned having so many other things to distract them. I think since buying Twitter, he's just taken on too much.

DR.TO (Medical Facilities) Just finished a tender buy-back at 18, but now selling for 16. Also more FFH.

@Xerxes Except that sometimes people will say they will do something, but then not actually do it. However I fervently hope it is a positive step.

Latest - I can't really deal with what he said about Senator Mark Kelly.

More FFH.

@gary17 Many thanks. I'll read up on it, but interesting to get a person's perspective too.

Would be very grateful if you can give me a quick explanation of why markets not liking Carney win. I only know him as our ex-Bank governor where he seemed pretty sound and sensible. Thanks

Small add to LB.

Pretty good summary of how the the World ex-America are thinking, I'd say

Yeah, fair point. For me, I go back to a Druckenmiller interview, where he focuses on the timescale i.e. the longer people have faith in something, the more credible it becomes. And I don't have enough faith in bitcoin yet to embrace it.

This is the problem, isn't it? A strategic reserve means that all citizens are forced to be involved in this religion. Where's the Church/State division?

Wait long enough (Have we hit the Top / Bottom?) and these topics always look ridiculous.

Sorry to hear this. Many of us have a lot to be grateful for towards him & his work at Fairfax. Condolences to his family.

The discourse online can be toxic, so if it's not good for you, smart to get off. I should really too - even a mostly great place like here still has the occasional person saying stoopid things that wind me up - but I also would have missed Viking on FFH. Definitely one has to moderate these things. Best wishes.

He's not, he's being polite, unlike the rest.

Do you guys ever sleep? Good discussion though.

Thanks for reviving this - fascinating, but I also think important to have the occasional reminder of what CAN happen, and try to think what you might do if it did (though that environment was the proverbial Tyson 'Punch in the Face' where a plan doesn't necessarily help...

@rkbabang Yes, I remember the letters to Obama etc. - that was a big story, but had no idea of the backstory!

@rkbabang Just wanted to say thanks for this recommendation. No press for it in the UK. Completely crazy! Reminded me a little of a smaller scale Tiger King, in that you keep saying, 'WTF?'.

Adds to ANET (after-hours), and FTLF.

@TwoCitiesCapital This is sounding more and more right to me - having capitulated & sold last year! Was about 2-3 years of detioriation, and I couldn't see it any more. I recently bought a bit of Tencent before it ran away today - always thought it was highest quality large-cap with great management, so hope it's a set and forget for a decade or two.

Yep, it should be possible to have polite discussion while having different political views. It's the rudeness/playground stuff that winds me up.

@SafetyinNumbers I didn't realise the connection. Really enjoyed it, thanks.

@milu I understand - I followed it for so many years feeling the same. I basically capitulated... Slightly inspired by members of this board, I now very occasionally make valuation exceptions for Exceptional companies. Basically this, Hermes and maybe a couple of others. Where there's a family in charge & they execute brilliantly. Companies like this shouldn't be cheap. But for me they work as a basket in my portfolio. With regard to Lotus, I like that they are also diversifying from the core & their Natural Foods division is very impressive - the brands have rapidly become middle-class staples in the UK & I can see it spreading.