Paarslaars

Yeah I'm guessing that tanked the Nikkei? With regards to a recession, I hadn't heard of this sahm's rule before. What I found interesting was that it does not discriminate between permanent job losers and temporary layoffs. The current rise is entirely due to temporary unemployment, isn't this something that can be reversed rather quickly? "Among the unemployed, the number of people on temporary layoff increased by 249,000 to 1.1 million in July. The number of permanent job losers changed little at 1.7 million. (See table A-11.)"

Thanks for the recommendation, decided to pick it up, I can use something like this to re-read during times when everything is deep red.

Must be nice to have those

More fairfax here at 1485 CAD.

So stocks went down when we don't get rate cuts because the market expected rate cuts. Now stocks go down when we will get rate cuts? It almost seems like there is an entire business making profit by instilling fear in investors... mmm

My youngest brother and his GF just graduated, bought a 1.3M house and still plan on renovating. Both dentists... But then again I still consider that trade school.

How else would you know that the mitochondria is the powerhouse of the cell?

Yeah social media constantly confronts you with other peoples succes but not their struggles so a lot of young people constantly feel like they need to achieve more.

Nice and all but don't most of these bills just get rejected? Is this one likely to pass? 1M is 5x current US BTC holdings.

Also creating dry powder for when Bruce strikes?

That's a nice story, I will take comfort in the fact that it's impossible for me to lose 3 billion on this! Even though it wasn't his

Bit of LULU

Honestly it's a small fomo position. They mimic MSTR but their premium is higher, which is why I passed on it first but for some reason this keeps going... couldn't help myself, I'm a terrible investor.

Bought some Metaplanet 2 days ago at 183¥, kicking myself for not buying it at 27¥... Still good timing it seems. Also took Greg's short term advice and sold some JOE, hoping to pick it back up in the low 50's when Bruce sells again. Used the proceeds to buy some GOOG.

If this happens it will be more for ego/power than money.

Was thinking of expanding my China exposure by building a larger basket, already own Prosus and Baba. Looking to add PDD and JD, I'm bullish on China but with Trump as president it might get worse before it gets better... Thinking I should hold off until next year.

I always keep a core position in BRK but depending on it's price to book I go up and down. At 1.2 BV it used to be a 50% position, now at >1.5 it is about 10%.

Isn't a discount to NAV what you would expect for a holding group like this? PSH has always traded at a similar discount. I would not invest here as a discount to NAV play but if you like the stocks they are holding, it could serve as an ETF. I like the idea though, will look further into it. Curious to see if I can sell this to my wife as an excuse to visit Japan again (alone).

You play BTC solely through MSTR? No BTC holdings?

Well if you have 100k you might not mind losing some sleep for outperformance compared to the 10k Berkshire will get you. But if you have 10M it's a different story.

IBM?

Because of your conviction in Prosus or dissatisfaction with Exor?

I backpacked through Japan in '13, was great back then... No issues with tourists.

So you are completely out of your alts? APO, KKR, OWL,...?

MtGox is going to distribute the BTC, not dump it.