WFF

Haven’t done the math for exact numbers… but I was pleasantly surprised that the best performer in my portfolio this year is… Winners: EWBC + 52% Tencent + 33% Berkshire + 33% The losers were surprising, like JOE thanks to Bruce. For next year, I expect Tencent to continue to outperform as stimulus and potentially more stimulus to help. JOE will outperform after the Bruce B. Hangover is over.

Nope, no official list, can only discern from interviews. For example, DaVita is Ted, in an cnbc interview early on he was asked about it.

Which is why it is propaganda. It is used to play up nationalism, and the rise of China. They need major financial market reform. This was brought up a couple of years back, but reforms has been on the back burner for the last 5-6 years?

Very bullish! Is there something particular that is making you so optimistic?

You mean the objective of being an alternative reserve currency? This is somewhat what I have gathered from all the propaganda in the Chinese media. They have been using phrases (my translation) like America’s dominance in currency is ending, as more trade is being settled in the RMB. It is stroke as national pride and the rise of China. This propaganda has given way to: 1. Housing, in particular to the benefits of lower rates and removal of incentives and other positive news to boost home sales. Essentially saying the government has put a floor on property so get on it now. 2. Stock Market related news, like buybacks also punishing those managers that sold stock during the run up (don’t remember the details). The above despite reading somewhere about China’s central bank entered into a RMB swapped with another nation and usually a precursor to some RMB settled trade deal. That said, propaganda on how great China is, has also been toned down. For years, the Chinese media has promoted the rise of China’s tech, especially in hardware as shown in Huawei and that Apple is no longer innovating. With iPhone 16, more voices are saying that Apple’s new features are not avaliable because it has been removed and if you want to better version buy the version in HK (though perhaps propaganda to get mainlanders to HK, which by the social feeds of my China counterparts seems to have work as I saw a lot of travels to HK during the golden week national holiday) In a nutshell is me deducing random things and propaganda. It is by no means scientific.

Stable currency is in their mind, as they want to be alternative reserve currency. That said, this objective is mooted if things stays the way they are. Hence, in the short term, it is likely that they are putting currency in the back burner.

With Trump winning and potential tariffs, my expectation is that the stimulus package will be bigger, perhaps 10T or more to boost domestic demand, to offset the largest consumer of exports.

GYRO, piggy backing off Gregmal. IH, an education (think Khan Academy) app

I believe Ajit said the board has identified his successor already, but undisclosed to the public. Given Todd’s work at GEICO, esp if he turns it around, one has to wonder if that person would be Todd.

Was digging around, any reason they issue so many shares earlier this year? From what I gather they expect to liquidate Dec 2025, which current is estimated to be around 16, diluted down because of the share issue.

If it works as intended, it is the first of many 71B as prescribe in late September. This is implementation, and help boost sentiment. Stock crazed bug is in the air from people on the ground zero.

Since y’all are talking about Duan Yongping, an msn article (in Chinese) he shares his thoughts on Moutai, Tencent and PDD. He uses call and puts to lower his basis. overall I think the temperament part, the people in this forum is above average. I don’t think is anything that this forum doesn’t know, but in case anyone is interested

Know someone that works at a bank and had their passport kept for safekeeping. It is actually not all that bad, he still travels and travels with his family. the annoying part he says is that he has to apply to get the passport back for his travel plans, so extra paperwork, but not a biggie in his opinion

I need to take a look at this again, I was frustrated last time as it is so illiquid. But I am guessing you are the one that just push this into the 3 handle?

I jumped to doing it full time for the past year or two, and thus far the results hasn’t been better, though I get to spend more time with family. But financial results wise, it is not better, but that is perhaps been really lucky in the past 7 years (3 years it was buyout of a major position, and 2 years it was special dividends that paid me more than my cost) don’t expect to repeat it. It was probably more luck than anything, so it might be an unfair comparison.