WFF

Some OXY, VKTX and hopefully be put some VKTX.

Grandpa Warren just bought more Occidental. 760k shares @ 46.82 https://www.sec.gov/Archives/edgar/data/315090/000095017025018266/xslF345X05/ownership.xml

The good news as I check, Berkshire has limited exposure it seems. With perhaps Three, and GEICO affected, not sure about policy exposures given not everyone will have comprehensive car insurance.

https://thehill.com/homenews/state-watch/5079152-california-wildfires-insurance/ So does this mean that the ones the insurer has cancel recently are now stuck with the policy and have to payout?

With the fire in LA, what can we expect the hit to the insurance business? Aside from GEICO, is the exposure pretty limited? Berkshire has exited the home insurance market in California, so we should be fine there. There is probably a hit with small business insurance as well. But how about reinsurance? Has anyone looked into this?

Bought some JOE, IH, and SOC.

East West Bank has said that China and US tension is good for business. Might be worth a look

Don’t know about the laws, but better off as a foreigner is right (lower taxes and access/priority to better schools/etc)

My understanding is that the latest at 99 was not from Barrons. SOC could be up Munger’s wheelhouse, he understand oil and law/regulations.

more Versign being bought by Berkshire. https://www.sec.gov/Archives/edgar/data/1067983/000095017024140587/0000950170-24-140587-index.htm

IH, OXY, JOE.

Added some OXY and JOE.

This account belongs to Duan

Mr. Duan also says he doesn’t quite understand PDD and doesn’t really recommend it. It’s just a tracking position. It is likely he got put into these positions, as he previously stated he wanted to sell more puts prior to the stimulus spike in Tencent and PDD. He actually shares quite a bit on snowball and Weibo, for those that read Chinese.

Happy Thanksgiving and am grateful for you creating this forum! Happy holidays everyone!

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.