Paarslaars

And this is a wonderful thing for the rest of us.

Jumped on the PAH3 wagon. Also took a starter position in KIST.

Great track record of buying low and selling high.

Started looking into Kistos, CEO appears to have an exceptional track record. Harbour energy would also be one to add to the list to look into.

CVX is 5x the size of OXY, so his ownership in CVX is lower... it would be difficult to obtain an equal equity size in OXY without substantially pushing the price up. And up until recently, he was not even allowed to do this.

Yeah that should be cents not € my bad, I'll correct it. It was also 0.25€ for electricity, not 0.15€. Still a lot more than Canada I see but Belgium is #8 if I'm correct in high electricity prices.

Yeah solar panels + heat pumps are popular here. You already need a well insulated house for this to be economically attractive though, even at these gas prices. It's quite an investment cost. Additionally, I like to add that here in Belgium roughly 10% of the population gets what is know as the 'social price'. Which is about 0.03€/kwh for gas and 0.25€/kwh for electricity. For these people, the solar panel + heat pump system is simple not lucrative due to the relative cheap prices & big gap between gas & electricity.

Kistos looks interesting. I can't find earnings for Q1&Q2 on their website, only full year 2021, do they not report this? The fact that we already have record high gas prices in the summer makes for a very interesting winter to come.

Goverments here are securing energy so for the middle class it will just be a higher energy bill. I'm assuming goverments will also intervene for the lower class as the total bill is increasing substantially and some might not be able to afford it. Here in Belgium they have already cut the tax on gas from 21% to 9% until the end of the year and will likely continue this.

https://www.fxstreet.com/economic-calendar/event/bcf389bd-5fe2-4bd1-b1e0-d0b3910ba944

Don't think the world needs it, but I would appreciate though, have quite some funds coming in at the end of the year.

Anyone in mind? Cause I remember even Buffet held on to his IBM investment for 6 years ending break even.

It isn't, but the whole 'this person did x and did well' argument is a fallacy. That's like smokers saying "my grandfather smoked and he lived to be 97". I don't have a problem with cloning but actually cloning with success is difficult. There could be additional hedges you are unaware of, you might not clone the entire portfolio and pick more losers than winners, you can clone someone who was really good in a certain macro environment and now the environment changed, he starts losing money... I see little value in cloning guys like Buffet or Ackman when you can just buy BRK or PSH, unless you are certain that a certain pick will outperform their average portfolio but in that case you need to do some due diligence anyway.

Here's mine, this is basically 40% berkshire, 40% O&G and 20% spread over other positions. I'm having a hard time finding better things than O&G companies trading at 2-3x FCF. BRK.B 40,0% IPCO 13,0% PCYO 7,5% OXY 7,0% OBE 6,5% GXE 6,5% PPR.TO 5,0% MNDY 4,0% CLPR 3,5% EPSN 3,0% BABA leaps 3,0% Crypto 2,5%

Some, but a small % I believe. Don't forget on the contrary to economic immigrants, most Ukrainian immigrants are wives & children who want to get back to their husbands/fathers. The problem is the Ukrainian war might still last a while and further drag down the value of the euro as it does. As a european, the majority of my stocks are still in USD which is going quite well for me so far.

Similar question here... just bought a new house! Will be cashing out a lot of the old house to add to the portfolio and getting a bigger mortgage (500k) on the new one. The banks gave me two options: A: 25y fixed at 2.83% B: 25y variable (yearly) at 2.32%, with a max of 3.45% The kicker here is that my monthly payments are fixed, any increase in rate will be added by extending my loan (up to a max of 30y). This is what they refer to as an 'accordion' loan, first time I'm seeing something like this. Normally I'd go for the fixed rate considering the spread is not that big but the option of having any additional costs shifted 25 years (and getting wiped out by inflation) does seem appealing to me so I'm inclined to go B. Any suggestions? Am I missing something here?

Well nuclear makes sense, the gas thing is funny, basically just because of the germans who were stupid enough to swear off nuclear.

Yes you have LFP as mentioned but also what is know as high lithium manganese products. The latter are expected to come into the market and compete with LFP in 5 years. They still contain some nickel, just a lot less. They will still be more expensive than LFP but have substantially higher capacity (yet not as much as high nickel). All future products work on reducing or eliminating cobalt, due to price and toxicity.

Yeah I work in the industry, the biggest concern is nickel for the high nickel NMC versions (NMC622, NMC811,...)

Seems California does not understand how inflation works. Personally I'm betting inflation stays. Looking into buying a new house on a much bigger (fixed) mortgage, letting inflation wipe it out.

BRK @ 268

To my surprise I'm actually still up YTD thanks to O&G.. Which is not an easy feat with 50% in BRK and some crypto/BABA plays. ^^

I trippled my oil positions throughout Dec/Jan. Mainly based on discussions here..

Other than some of the names SD mentioned, OXY seems to be a rather save place to store your money. They are substantially reducing their debt and because good old Warren seems to be buying continuously that puts a bit of a floor on the stock price.

You don't seem to understand how a truly unintelligent mind works. They are so easily susceptible to the 'opinions' and 'advice' from others. Advertisement alone goats them into that behavior... You're from the US right? I remember my first week trip ever to the US, the advertisements you guys get on TV are so absurdly aggressive and over the top that my first reaction was "which retard is ever going to buy a product advertised so blatently with lies". But the thing is, the ad's wouldn't be airing if they didn't work... and this stuff simply works on those who fall on the far left side of the IQ bell curve. You can blame them for making stupid decisions but the truth is they really are too stupid to know better. You can teach them but outside influence will corrupt their mind. Though I agree the point you're trying to make, we should not derail our economy for their sake, they won't make good use out of it. This is why the safety net needs to be there and be substantial enough so they enjoy their lives and don't screw up society for the rest of us, while not demotiving those with potential to work and improve themselves.