villainx

The usual where folks lose their home or something like that. Or it's just another stumble from a serious of serious setback. I know business is business, and everyone in transaction are grown up, but dealing personally with it can be different. Though having the attorney layer helps. Edit: ah, more like lending to RE investor professionals. That I can see being big boy (or girl) business.

I tell this to my friend who has a fairly decent size NY residential RE portfolio. Way too hands on. For example, he insists on being there when tenants move in and out. I'm always like, what the f' are you doing?

I guess something in me would just assume there's going to be some big headache or moral crisis moment when you have to foreclose or just be forceful in getting payments back on track. Has that happened?

so is it too late for Berkshire to do same?

Death seems like the worst way to get back at Mamdani's administration. =P

still same 3 vetted buyers?

Oh, just that Mira is a great, great director.

Mamdani's mom is the Mira Nair. My mind is blown.

War is a time for peace.

That suggests Brit needs to build credit history, that's what folks do when adding authorized users to credit cards.

One of the entries from google search said she stated less than 500K recently.

AOC is a weird one to use as an example @Gregmal. But 50K net assets after x years in Congress is a little suspicious of her knowledge in personal finance. Edit: I guess she could have went through a big chunk of her salary on debt and helping out family. But still. Have to pay herself first. Edit2: Looks like 50K is outdated figure. Should be a bit higher as of today.

Did you feel a liberal art-ish major hinder or helped you professionally? My thought process has always been let kids choose whatever they want to do, and if they have passion plus aptitude, things will work out. But all this talk about AI making a lot of education a somewhat costly haphazard stepping point, not sure now. Though who knows, my kids are still middle school level, so long way to go.

@Ulti and @Xerxes Thank you!

Was there a Ballmer interview recently? I thought I saw something and was going to come back to it, but since it’s not here, don’t remember where, if any where, it was.

You can keep as is and invest your dividends into something more diversified. It'll take longer to reduce concentration, but that wouldn't disrupt your winning strategy and have less tax consequences. Or diversify with proceeds as you sell according to your plan. Keep part to pursue your strategy and part in less correlated things, either straight low cost index, or an array of less correlated companies you have comfort and confidence in holding. I'm sort of in same boat, biggest (and luck built) position is Apple, but not sure how to reduce as I want to avoid taxes.

I'm not greedy, 50x BV would be enough.

Nothing against you tall folks, but that interviewer is tall!

If I knew how to do polls, Fairfax will reach trillion market cap in 20 years, yes or no? As well, will Fairfax be in the 60 index when it reaches trillion market cap?

Come on, there's nicer way of saying this, or don't even say it!

Duh, they have to sell into the buyback. And this is press release for something that was already planned? or something new?

Why would Fairfax have to participate in the buyback? If Eurobank Holding is buying back, wouldn't Fairfax ownership % increase naturally? I'm thinking mostly along the lines of Tencent buyback and Prosus's %. Or Eurobank is buying a different class of shares?

I was going to reference something Bob Loblaw, but there’s probably a good chance Loblaw is an old timey, venerated Canadian cornerstone company?

Why is this so? Fairfax presumably would be in best position to know when to unwound, right? Or does risk increase as Fairfax stock price gets closer to fair value?

Is it going to be this time?