hasilp89

that is hilarious. thank you for sharing.

Aren’t they launching a nicotine punch with Tucker Carlson?

someone bought some dominos.

Thanks @Spekulatius- Was it just due to good underwriting / good culture or something different?

How did you come across this bank? Have you followed for a while?

Interestingly Ben Graham was a proponent of this (multi-commodity backed currency) https://www.amazon.com/Commodities-Currency-Benjamin-Graham-Classics/dp/0070248060 https://www.ivey.uwo.ca/media/2826068/bengraham2ndsymposium-potvin-power-point-2009.pdf

tracks to what is disclosed in the supplement

Somebody asked 22%+ annualized since 2017

That amazing and glad you added Jaipur! The rest of the trip sounds amazing and hope you have a great time!

I’m US based so no impact to me. I doubt they’d cause issues for folks entering with a Canadian passport but you never know.

i think tepper answered all your points pretty well in his interview. It doesn't matter. hard for us fundamental value investors to get our heads around it but he's just using the common sense he has - Xi created buyers and no one is going to sell into that.

you’ve got communist china lending money for corporate buybacks and capitalist USA taxing buybacks and campaigning on unrealized capital gains taxes. Does make me think.

Gotcha, thanks!

Not sure I’m following?

Think this is my biggest miss over the last year. I own a little bit now, but was one to swing at last year.

are the headaches a buy at a certain price for you? ($SEG)

Thanks for the tips @jaygo

Haha, I’ve been hesitant but I’m excited. He’s 72 and finally retiring in December from working his tail off as a doctor for many many years. Loves to travel but wouldn’t go to India solo.Having the Indian son in law helps! I told him he could head back after the touristy stuff but he insisted on coming to the village in gujrat where my 90 something grandma still lives to pay his respects. Bringing a 2 and 4 year old on the other hand….. (actually if anyone has some tips for this please share, have done North American domestic trips with them, but never something big like this!))

Last time i went was Dec 2016 and typically have only ever been in Dec. Nice time to visit IMO. Not boiling and no rain. Might actually be a bit cold in the north. Don't think you should have an issue with Visa. I've enjoyed Rajasthan and would recommend visiting there. Last time i went to Goa was when i was a kid, remember it just being beaches but prob missing something there. We went to Rishikesh in 2016 to spread my dad's ashes. Not sure i would go back but was an intersting place. Big yoga/spiritual scene if you're into that stuff. Mumbai is a whirlwind lots of great food. I'm actually going this dec/jan with my young kids and Father in Law (it's on his bucket list to get a pic with the Taj Mahal!). Delhi/Rajasthan/Gujrat/Mumbai.

I’ve always enjoyed your perspective. Your post above reminds me of Buffett’s quote: “Most of man’s problems arise from forgetting what he is trying to do” WEB Seems you focus on what you are trying to do and go from there. Managing risk and not losing money is paramount. You’ve achieved your goals by focusing on what they are first and then focusing on the process. How you manage liquidity on some of these smaller names given the sums I imagine you’re investing is another question.

No. French listed benefits card issuer. Similar to a Wex for HSAs in the US but for meal benefits in countries that offer that as a tax free benefit.

Great thread @dealraker PARA was a large purchase for me this year that I recently bailed on. Was chasing returns and made a mistake. Thankfully nowhere close to fatal, but opportunity cost stings. Hopefully I learn from this. I took a 6% position in APG (API group) during the Japan flash crash / post weaker earnings and guide. great business I’ve wanted to own for a while but have always sucked my thumb. Sprinkler inspections aren’t going anywhere. Sticky. Good people involved. Something you may like. I also doubled lvmh to about 6% and Dominos london to 8%. GTX is another one I took up (from 9->14%) after weaker earnings /guide in the last few months. CWK is interesting, someone had written it up a while back as a take out candidate by one of the others. Need to take another look and thanks for sharing.

Any view on how TPG gets handled?

*his. And agree. (i got blocked by him on twitter for questioning his thinking...)

It's an interesting topic and trend. From what I understand what the ALT's are doing is different from BRK/FFH though. My understanding is that they're are sticking to more annuity type insurance business - I don't believe they do significant P/C or reinsurance. Also I don't believe they are matching Athene annuity liabilities with much if any private equity assets (pg 8 of link below shows asset mix) lots of alt fixed income (CLO's, mortgages, private credit etc). Their private equity funds are still made up of traditional insitutional LP's. It seems simple but to do what BRK/FFH are doing takes something special. https://d1io3yog0oux5.cloudfront.net/_daa2d19294221014c85571d1c996fa66/athene/db/2271/21954/pdf/Athene-2024-Asset-Risk-and-Stress-Considerations.pdf