hasilp89

no plans currently. If tickets were more affordable i definitely would.

It was amazing - was there in person, Dallas stadium was awesome. Nervy first half but great 2h goals from Bellingham and rashford

Despite going everywhere else in the world I've never bought a Korean stock. Probably because of lack of access. Any you'd recommend to take a look at as a starting point?

It seems like he had a traditional carry structure which helped him make all his money and after that he switched to a charitable model. But unclear exactly how he runs it now. Is he the GP (charitable) and all performance fees accrue to that? Seems like a nice tax advantaged way to compound.

Where are you moving?!?

knowing what you own and being honest with yourself about it.

@dwy000 thanks for sharing!

any chance you can share some of what you've been reading?

You re correct, he did say that

One thing i have been thinking about was the highlighting of size and forecasting of income that Fairfax does (typically at AGM -> talking about being the xth largest company in Canada, Paying $xB in taxes (Buffett does this too), putting out $xB of income over next few years (no gaurantees). On the one hand i believe it is a show of pride, highlights how much work they've done and there is a huge emphasis on bottom line growth over top line and the results speak for themselves, but on the other there's always a concern when companies focus on size and highlight it. Doesn't change my desire to own the business but I'm curious if any of the long time followers @Parsad et al. think about this and if they've seen any change in that messaging over the years.

I own a decent amount of this. I think the probability of a full tender is high. one of the source of cash savings holcim has mentioned is interest savings. Indicates to me that they intended to consolidate. Historically they have done the same. Either way they do have to make a tender offer. The 4 month clock for that started ticking when the deal closed. One item that may be an issue is that the tender is only legally required to be made to Peruvian shareholders ie not the adrs (at least that’s how I understand it) you would assume you could convert but someone like ibkr might not be able to do it. That said I assume that holcim will include the adrs in the tender offer as having just 8-10% shares out wouldn’t make much sense and as @Marco Van Basten says owning an interest in the business with their co ownership wouldn’t be a bad bet at this price either.

Did anyone catch Buffett mutter “they can print money” when talking about the fed with beck quick on cnbc? I assume he understands the true plumbing but@wabuffo do you need to give him a call?

and now they're talking about raising rates... go ahead and kill the economy for main street...

+1 - It's all opportunity cost. when the price declines you quickly learn whether you have true conviction in the business and it's fundamental value. A very simple thing to think about in advance as well.

My wife and i are going to Chile for our 10 year in May - Santiago for a few days and then the Atacama desert. We have not planned anything yet. Any rec's would be much appreciated!