villainx

That's SEA Limited, right? I was almost going to get in, except regular life busy work got in way.

I'm not sure if I'm being more or less obtuse but isn't it more whether you like/trust/admire the leaders of the respective companies? I tried to believe in Prem, but he hasn't done enough. Maybe that's because a couple of mistakes or bad timing had dull my receptiveness to his past success, but I've been primarily adding to BRK and BAM because for the top folks in charge that I think had and has done better.

For a certain age cohort the song, Closing Time, by Semisonic, should be easily recognizable. But this is a fairly moving podcast for a pretty good song that I think most folks would enjoy: https://songexploder.net/semisonic The surprise is linking the song's lyrics to his new father experience. Song Exploder is a pretty good podcast in general if you pick through for the songs you like, as well as for the occasional new tune. You can find this podcast via most players, I assume.

Not to pile on, but that's one of the more notable mistakes.

It's also issue of scale.

From my experience, most specialize in region (city, neighborhood, county, etc) or property type (single family, multi, commercial, etc) so ... need more detail? But I also would think having one or two more people join your team to scour internet, as well as learning about local markets, would be more beneficial than getting broker network. Not to disparage any profession, but that's like asking for a good stock broker ... when, you know, internet.

Apologies as a slightly embittered Fairfax holder, but - I remember another thread where it was posed that if one wasn't comfortable holding on to (sub or fairfax main), one should get out. Unfortunately, ... I got out. I don't see the point of investing based on trust that things will improve ... when there are zero signs that things are improving. I love folks contributing here, but i got out of my (very small) share of Fairfax.

Also, with the criticism for Buffett not doing anything during the March lulls. I got to thinking ... neither of the Ws made meaningful buys either? Or has this already been addressed? Buffett himself might wait for clearer signals. But it would be easier for the Ws to make purchases? Do you think they share same wait and see approach? Is it institutionalized, in which case, is there enough contrarian/independent thinking?

Now that you shared that, I just imagine a timer for both of them to say, time's up, see ya next week. Not that I don't think either are great conversation partners, but I don't talk to anyone other than my spouse and kids for any meaningful amount of time. =P

Being Chinese, I love all types of carbs, rice, noodles, pasta, bread, etc. Heck, I love food in general. But carbs will literally sap hours of productivity from me. I am amazed how I used to get work done in HS. The sheer amount of carbs that I use to eat is terrifying and I am surprised that I am not diabetic. I mean literally a 1/2 to a whole quart of rice for lunch and dinner. I would almost pass out after lunch everyday. Protein and fat do not affect me the same way. But I have notice that feeding in general takes away at least 2 hours of productivity due to preparation and the stupor/need to veg. Ha, I need to look into Rucking. From your post, I couldn't tell you were Chinese! Aiya! It's okay, since I am too, right?

Looks interesting.

Thanks for the posting Parasad. I read lots of books, but not a lot of newspapers. I do skim WSJ about 2 times per week. Parasad, what newspapers do you usually read? Hmm... I guess I just don't enjoy reading newspapers. I prefer a lot more curation, long form, analysis, opinions, stuff like that. I don't want groupthink, but I like a strong voice. Most normal newspaper reporting is just ... takes too long to give the main points, or are too broadly sentimental in its appeal.

Buffett (and Munger) famously said he reads a bunch of newspaper. I pretty much never read the newspapers, . Am I missing something? Are there things in particular they focus on?

I don't mind the political or other "fun" threads. Folks want an outlet for their opinions. I simply avoid those thread. And consider it as the cost of keeping the useful investment threads strong.

Good Place is pretty good. Park and Rec ish.

Thank you for this!

Maybe it's the experience level of the posters that changed? I find many posts very helpful and folks here fairly generous with time and attention. Some of the stuff in What are you buying has helped me with companies or ideas to explore further. The same is true (for me) in the Investment Ideas. I find it to be an incredible resource. Part of it is that I don't have a strong financial background and am not much of a number guy, and I'm more or less free riding (I hope I'm using that term correctly!!!!!) on the expertise of others. My posts are more often seeking clarification or trying to understand better. In that sense, I am probably contributing to the quality decline. But anything I gain is from folks discussing what I assume are their good ideas. But that's me.

I really haven't experienced this issue. Am I doing this site wrong, because I only visit the areas that I find relevant or of value. I mean, I do see more threads that I'm not very interested in, and that in itself might take away focus (or breed discontent/arguments that otherwise wouldn't surface), but I don't click on those threads.

Which sub did this fall under? Infrastructure? Property? PE? I'm trying to remember but can't place it.

Aftermarket suppliers, software, as well as ancillary military tech may be worth considering.

Can we move this topic to the general news? Or new topic? I was looking for discussion on this, what to do with BRK now, with expectation that transition sometime in future, and what that transition means, risks, rewards, etc. I'm very curious to see what folks here think. Part of it is that I am so completely unsure of BRK in the future without Buffett, that I've been stopping myself from adding.

This is with Fairfax not doing share buybacks, right?

Isn't it very likely that they'll be adding a bunch of banking stock in the near future? They have the cash on hand and it seems like the regulations were the main thing holding them back. Or prices are too high, and BRK will pounce when a reasonable entry presents itself? Likewise, the reg hurdle might have limited some of T&T's purchases? So they certainly can do something too?

Brilliant Enjoy the 2/3!

Looks like it paid off well for you. Nice call! Hardly out of the woods yet, but hoping to get there soon. If you don't mind, what is the plan for situations like these? Is there a % or price in mind, or something else? I always wonder about these - would you say it's special/unique - situations. Even with a or multiple pop(s), but what is suppose to be the exit?