crs223

Presumably Buffett likes to purchase stock in undervalued businesses. Buffett knows BRK well and has been buying BRK stock. I ASSume Buffett understands FFH. I’m wondering aloud why Buffett purchases BRK instead of FFH. Either 1) Buffett does not purchase businesses similar to BRK 2) Buffett does not understand FFH 3) Buffett does not think FFH is cheap. I had been assuming (1) until a few hour ago when @Xerxes noted that Buffet thinks the Japanese businesses are similar to BRK. Maybe as you suggest it’s 4) FFH has no cross section of operating non-insurance investment that Berkshire does not already own… but i would think if it’s cheap enough WEB would not care about the “cross sections”. After all, WEB buys BRK…

Would Buffett ever buy FFH?

email “from addresses” can be easily forged. Sometimes spam protection can detect this (using “SPF”). At work we rely on “PKI signatures” to authenticate the sender. An email can also obfuscate by setting the “sender name” to gfy@gs.com (instead of “Joe Smith”) even though the underlying “email address” is joe123@hotmail.com. Some email programs generally display only the “sender name”.

Nicely done!

Discussed at the link below — seems that some browsers do not support:

Consumer Reports says Kamado Joe is clearly better… (forget the details, but I think it was related to build quality: Springs, seals, etc) I resolved to get a Kamado Joe (and not Green Egg) when I find a good value on Craigslist. sometimes Costco sells Kamado Joe

Where else can I get such a high signal-to-noise ratio? COBF is the best in town (okay there’s VIC but I’d never be able to hack it)

GFY probably stands for “go fuck yourself”. I love how he hates your guts… but desperately want to join your forum! ACCESS DENIED!

Love it! BTW this kind of work (removing useless filler) is ripe to be done by AI. Going to be a nice productivity boost in the future. Run it on political blabber to recover the underlying talking points! We will have AI remove boilerplate from all kinds of things including EULA, annual reports, and legal documents. Trick will be to work around AI guardrails designed to CYA.

This was a game changer for me: Thermapen: a thermometer but it is so responsive that you can see the temperature change as you go deeper/shallower. I use that thermometer with a craigslist-bought weber. I’m spoiled now cooking at home… i’m usually disappointed with beef, pork, and fish in restaurants. A couple friends use Trager smokers. These Tragers use “pellets” and hence can control the temperature from your iPhone. I haven’t yet had a smoked beef/fish/pork that I like more than what I get on the grill.

I haven’t had a car in 3.5 years (my wife has one and I just use my e-bike). I like the bike but I love not paying for gas, insurance, registration, maintenance, etc. I’ve never been a car guy, and I’ve only owned cheap and reliable Toyotas. I went for a ride in a Tesla “Plaid” yesterday and now i’m rethinking my life’s choices. It was so much fun i’m still smiling 30 hours later. The car accelerates so fast (0-60mph in 2 seconds) there were moments I started to lose consciousness (maybe that’s abnormal — not sure). $100k. If I weren’t married…

In 2007 i became convinced the financial world was going to end and swapped everything for paper gold. March 2009 i bought back in… and pulled it all out a few months later convinced the world was going to end again. I thought i had some special ability, but turns out i was just a zerohedge-reading permabear lemming. Got back in during the COVID crash.

i made the same prayer in 2012. God answered in 2020!

On a more serious note, I thought I was a value investor when I bought companies that dropped in price (like Kohls just before COVID). Then I thought I was a value investor by purchasing companies cheaper than the gurus paid (like BABA). Now I'm almost entirely in BRK while I figure out how this whole thing works. Lucky for me I got in cheaper than Greg Abel.

True value investing doesn't involve buying value traps. Ergo this article is not useful to true value investors!

and they kill babies with “death squads”. It’s a wonder there’s anyone left alive! … what were we talking about again?

US and China both tried to cover up the lab leak. (I don’t understand why the US wanted to cover it up.) I don’t follow the logic “millions of deaths prevented if China did not cover up COVID origin”.

“US spreads spreads war to push its agenda; COVID leak was an accident”. “if you like abortion death squads so much, why don’t you move to China?“

I can understand how neutering tech would cost people their jobs (and upset investors). are you saying it’s a young people problem because the tech Industry mostly hires young people?

Can you explain more about this? My understanding is that Xi has 1) restricted video game playing 2) kidnapped Alibaba CEO and held him for ransom to discourage monopolies 3) slapped down Didi ride sharing app (not sure what that was about) 4) suppress speech by using “great firewall” and social scoring system (I think this started before Xi) How did Xi policies screw the younger generation? If he did the opposite of each of those tech policies (or just not implement), would that have helped the younger generation?

1. Xi ended Zero COVID when the people rioted 2. Xi did not invade Taiwan Are these the decisions of a madman?

Id like to know what went into computing “relative standing”. that china curve is hard to take seriously… “relative standing” will be off the scale in 20 years

Another thought: if your town has one, you can join the volunteer fire department and be a paramedic. Low effort to get in... and you get to save lives. Pediatricians spend their days looking at rashes... Netflix has a documentary on Arnold Schwarzenegger. Inspiring to see how driven he was to reach his goals... as I was drinking beer watching TV...

I find these arguments hard to take seriously: Chinese leadership is dumb/sick and will destroy the country Chinese is in secular decline (US wouldn't be worried ifs this were true) Chinese leadership doesn't change (they turn on a dime -- Jack Ma's kidnapping, one-child-policy, COVID lockdown/reopen) I believe these arguments: China demographics will be a problem Nobody wants to move to China (how can they prosper if they cannot attract talent?)

Sick too? And dumb. Country in secular decline. US military, government, and intelligence agencies are wasting a lot of time with all these chip bans, spy plane incursions, and Taiwan antagonism.