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alpha

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Everything posted by alpha

  1. The last time Germany and Russia partnered up, the Russian soldiers celebrated by raping 2 million German women. As far as economics go, East Germany to this day still lags West Germany by most economic metrics. https://www.npr.org/templates/story/story.php?storyId=106687768 https://www.pewresearch.org/short-reads/2019/11/06/east-germany-has-narrowed-economic-gap-with-west-germany-since-fall-of-communism-but-still-lags/
  2. Just a suggestion... it would be nice to create a separate thread for the annual report discussion and keep this one for general news updates.
  3. Burying power lines is non-trivial, there are parasitic energy losses from the change in capacitance when the wire is placed closer to the earth. I believe this is not an issue in "distribution" lines, but for "transmission" lines it would require changing to a HVDC system which requires expensive equipment and limits distance. From what I have read it was "transmission" lines blamed for these fires. There are numerous other factors to consider too; for example I believe above ground lines have been proven to be more resilient in seismically active areas, etc...
  4. Good Interview Haryana Anyone have thoughts on Sanmar? The Q3 valuation seems odd considering Lubrizol moved forward with construction of the largest PVC plant in India back in October.
  5. Another Flying J in Kansas received federal funding to install EV chargers. It will be interesting to see how many of the stops qualify for the federal grants and how their electrification strategy develops. https://governor.kansas.gov/governor-kelly-announces-more-than-4-6m-for-six-fast-charging-ev-locations/
  6. https://cstoredecisions.com/2023/12/05/pilot-opens-first-stations-in-coast-to-coast-ev-charging-network/
  7. FT had a piece on the Indian markets this week, surprised there hasn't been more demand for FIH shares: https://www.ft.com/content/b8d901f4-7306-4b8d-8ce2-4589f7e3f3f1
  8. Howard Buffet is meeting with President Zelensky in Ukraine -
  9. I don't think you can compare the 2 markets without factoring in a bunch of issues like: immigration rates, vacancy rates, building codes, property taxes, landlord/tenant laws, financial regulation/ money laundering laws, environmental laws, government lending programs, etc... pretty much all of these factors favor higher housing prices in Canada. I can't comment whether the valuation should be 2 times higher but currently there is definitely a supply/demand imbalance for housing in Canada.
  10. BRK is issuing more Yen debt - https://www.barrons.com/articles/berkshire-hathaways-yen-bond-sale-indicates-warren-buffett-is-buying-japanese-stocks-51641400198
  11. Even if WEB sees value there may well be political/regulatory issues preventing WEB/BRK from piling into BABA.
  12. Has anyone checked on the tax implications of the Dutch Auction? My broker sent out a note stating they believe it would be taxed as a dividend but to confirm with accountant/CRA first.
  13. Buffett resigns as a trustee from Gates Foundation: https://www.reuters.com/article/gates-foundation-buffett/update-3-warren-buffett-resigns-from-gates-foundation-has-donated-half-his-fortune-idUSL3N2O52OA
  14. Large fire at Chemtool Plant in Illinois today.... Berkshire not having good luck with fires recently https://ph.news.yahoo.com/explosion-fire-chemtool-facility-forces-181714372.html
  15. One of the last free sources of unbiased business news is now moving to paywall/subscription sales model: https://www.reuters.com/business/reuters-website-goes-behind-paywall-new-strategy-2021-04-15/
  16. Followed the crowd and started a small position in BABA
  17. I have really soured on this company after building a large position over the last couple years. It started off with a basket of traditional value investments that were easy to predict future earnings based on publicly available data and could simply be held for long the long term for modest gains. Now it seems to becoming a deal making machine for the sake of making deals, trying to predict future earnings and valuation is becoming too complex.
  18. Should be an interesting week, sounds like there are still large blocks of stock Achegos has to liquidate.
  19. Vancouver and Toronto are 2 very different cities on opposite ends of the country. Have you ever tried living in either? It's basically like Chicago/NYC vs Seattle. I purchased a home outside of Vancouver in December. I had to put in a bully offer 4 hours after the property was listed, after getting outbid on a number of other properties. Since then the market has apparently gotten even crazier with fewer listings on the market. The vacancy rate in the city I purchased is currently under 1%. Logically one would think it is a good time to pick up a condo in downtown Toronto with the mass exodus caused by the pandemic, but all of the government bailouts seem to have prevented a significant correction in prices at least for now. There was an article in the G&M a few weeks ago about bidding wars returning at some condo buildings. As others have mentioned the government policy to prop up Canada's lagging productivity is to increase immigration rates to some of the highest in the world. As long as this policy continues it will create pressure on the real estate market. There is tons of red tape and regulatory issues with building new housing units in Canada right now.
  20. Sounds like they have called in salvage experts from SMIT who aren't expected to arrive until Thursday morning now. I am surprised they weren't called within 5 minutes of the grounding given the importance of the waterway, amazing!
  21. Suez Canal has been blocked all day and could take up to 2 days to clear based on latest reports. https://finance.yahoo.com/news/suez-canal-traffic-blocked-container-233007774.html
  22. Right now Texans are burning their furniture to keep warm and demanding heads roll at ERCOT and related Government positions. I wonder if there will be opportunity for a utility company with a solid reputation operational track record when the dust settles from this :D
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