crs223

I think the real problem with moving at 60 is that you lose your friends. Maybe if you use the Metaverse or thecobf.com this is not a big deal.

youtube — too much entertainment and knowledge to give up for life. would need actuary tables for a proper analysis though…

What evidence is there that the Berkshire board and management team are not aligned? Can you provide a link, I'd like to see these "really" cagey comments.

The "So" tell... Brace for a straw man!

This does not pass the smell test. USSS PPD does not have a large pool of unqualified and incompetent agents to deploy for harassment purposes. also: if teams of agents thought they were being deployed en mass as part of a trolling effort due to their total incompetence, they would quit and/or revolt.

@Parsad please delete tariff posts

Are they a temporary trick used for negotiation (your first comment)? Or are they a fundamental part of the agenda (your second comment)? Some people pretend to not know the answer.

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The political crackdown and tooic labels are a great improvement — thank you Parsad.

I appreciate the headlines… reminds me when to buy more!

The fact that you’re asking here first makes me think: this is not a once in a lifetime dream opportunity!

Related to a civil discussion being had in the BABA thread:

Consider appending a poop emoji to the title of threads for which political content is allowed. This will make them easy to identify. You could also add the emoji to offending usernames.

BRK diluted this year to buy the rest of BHE. Does this mean Buffett thinks shares are trading above intrinsic value?

IIRC last year at the meeting Greg put California/Oregon on notice: if BHE were not treated fairly, there would be no increase in capacity and power would just be cut off (during wind events). My point being: it was not just Buffett with the “bad attitude”.

BABA could not get enough USD to perform buybacks last year... so they issued convertible bonds denominated in USD to fund the buybacks.

According to ChatGPT, this would not be a viable option to return capital to shareholders: Alibaba wants to return more USD to shareholders via buybacks and dividends on the NYSE but it was run out of USD. Can Alibaba bypass CCP capital controls and simply exchange their CNY to CNH and then to USD? Alibaba, like other Chinese companies, faces strict capital controls imposed by the Chinese government, which regulate the conversion and outflow of renminbi (RMB) into foreign currencies like USD. Here's why the approach you suggested—converting CNY to CNH and then to USD—would not be a simple workaround: CNY vs. CNH: CNY (onshore renminbi) is subject to strict regulatory oversight by the People's Bank of China (PBOC) and the State Administration of Foreign Exchange (SAFE), while CNH (offshore renminbi) is traded more freely in markets like Hong Kong. However, converting large amounts of CNY to CNH is still monitored and restricted. Capital Controls on CNY-CNH Conversions: Even though CNH is more freely traded, the ability of a Chinese company like Alibaba to convert onshore CNY to CNH is not unlimited. The Chinese government carefully monitors and restricts large conversions to prevent capital flight. USD Liquidity Constraints in Offshore Markets: While CNH can be converted to USD in offshore markets, it would still require sufficient USD liquidity. If Alibaba attempted to do this at scale, authorities would likely intervene. Regulatory Oversight: Given Alibaba’s prominence, any large-scale attempt to bypass capital controls would likely attract regulatory scrutiny, leading to potential penalties or restrictions on future transactions.

They'll let the foreign capital in... but will they let it out when it comes time to pay dividends or sell your shares? My understanding is that CCP permission is needed to exchange Yuan for USD. Also: will they allow BABA to pay dividends and/or make buybacks on the NYSE in USD? Or will BABA have to continue issuing convertible bonds (denominated in USD) to fund the share buybacks (a paradox... presumably because CCP blocking exchange of Yuan for USD).

They lost all the older good workers during COVID. They tout their backlog as as asset... but it's really a manifestation that they cannot hire any good employees (IMHO). One thing they do have: US will want to compete with this: https://www.csis.org/analysis/threat-chinas-shipbuilding-empire

I prefer the paper/mail subscription. With the flip of a page, i’m looking at the next company… working in the spirit of Buffet: “Start with the A’s”

Who was reporting $6M? Liars!

This is hilarious! I would like to see this done in other countries too e.g. Zelensky, Biden, Trump, etc. In California, the DMV has a picture of our Governor hanging on the wall… if i were governor i would not want my picture there… sort of like putting your giant mug on the tax bill!

What is China going to do with 500X shipbuilding capacity? What will China do with all their nuclear warheads?

Wow. At first I thought “this sounds similar to US corporate platitudes on DEI”. But it’s worse. From ChatGPT: The Chinese principles of the “Two Affirmations” (两个确立, Liǎng gè Quèlì) and the “Two Upholds” (两个维护, Liǎng gè Wéihù) are central ideological directives introduced during Xi Jinping’s leadership in the Chinese Communist Party (CCP). These principles emphasize loyalty to the party's core leadership and reinforce its authority. Two Affirmations (两个确立) The "Two Affirmations" were solidified during the Sixth Plenary Session of the 19th Central Committee of the CCPin 2021. They affirm: The establishment of Xi Jinping’s core position within the Central Committee and the Party. The establishment of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guiding ideology of the CCP. These affirmations serve to elevate Xi Jinping’s leadership and ideological framework as central to the CCP's governance and China's policy direction. Two Upholds (两个维护) The "Two Upholds" require party members and institutions to: Uphold the authority of the Central Committee of the CCP. Uphold Xi Jinping’s core leadership within the CCP. This principle emphasizes unity and loyalty to the centralized leadership structure of the CCP, with Xi Jinping at its helm. Significance Together, the "Two Affirmations" and "Two Upholds" establish a framework of ideological and political loyalty to Xi Jinping and the CCP's centralized authority. These principles have been instrumental in consolidating Xi Jinping’s power and ensuring policy continuity under his leadership. They also reflect the CCP's emphasis on maintaining internal unity and control amid domestic and international challenges.