Xerxes

Pretty impressive. You can trade physical gold, pay no storage fee/insurnace and have the ability to redeem for physical gold. Only via WealthSimple https://ca.finance.yahoo.com/news/wealthsimple-launches-gold-trading-feature-that-lets-clients-buy-and-sell-real-gold-160017596.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFxyJTWCx24qjZJc4Mzr04V4La4DbvWXwaSSAM_2G5eU-ohZjW8LnYeOPlNtub57CiOukmAR9i0YjpjQvAXrNst3TPuqqSp3eJDy9ixkwsp1AqyhKpX5tYbKCuG9GgrKNM89R_mYP6RUmjvs2mPcoGymrN70z2d9WrEvcLJ64qw6

Bezos in Italy with John Elkann as the host. On technology and AI full interview. The 10 min on AI bubble where Bezos schools Elkann

No major will touch Occidental until that preferred is gone. And in any case the Exxon and Chevron already have their digestion with Pioneer and Hess.

lol how about this. I ll meet you half-way in NH. you chose which peak of the presidential range to meet. We can go to MCD after.

Bangalore is the aerospace hub of India, with Western OEM presence and supply chains running through it. Not exactly to-be-disrupted by AI material. More atoms in aerospace than bytes. What is its concentration vs other industries I don’t know.

thanks John I am done with Borneo and east Malaysia and currently in the old Dutch imperial capital in Jakarta. will be back in North America early September. cheers

Climbed up Mount Kinabalu in Borneo. Fantastic place to visit. And less known. Don’t miss Borneo, even if you are not into hiking. The river safari, wild elephants, turtle islands. All worth it.

cheers !

I am hoping to read this work on the Davis family before close of the year or early next year.

i think you didn’t say the part that was the most important. the entire Russian economy has been turned into a war economy geared to support the war.* There are lot of vested interests to keep the war humming. New oligarchs are being created. the poor part of the Russian society from which the manpower are extracted also benefit a lot by the sign-up bonus and death-bonuses. The elite sitting in Moscow and St Petersburg had only to give up their European travels but not their sons and daughters. If the war were to be stopped now, there would be a recession and a repeat of Iraq in 1988 when a relatively large army now suddenly had no job. PS: lastly, Tsar Alexander made it to Paris, Stalin made it to Berlin, Putin needs to do more than just make it to Donbas. *note how a civilian replaced General Shoigu as a minister of defense in early 2024. This was Russia’ Albert Speer moment.

U.S. has a trade surplus when it comes to the aerospace industry. Tariffs make little sense.

lol not even close. I am same age as you. (I think; if I remember the “what is your age thread” correctly). ps: I should have probably worded differently. I see now that it sounds like I am the podcast host.

Thanks. I bought his book from Amazon. But the printer shop didn’t do a good job. It was turn off. So didn’t pursue further

If one believes that the “sucker” is a constant. And if the 4-5 big banks counterparty are hedging … than that only means that the “sucker” is now sliced into even thinner salamis into the greater market that is selling their commons to the 4-5 big banks.

once again with @SafetyinNumbers thank you https://podcasts.apple.com/ca/podcast/newcomer-investor/id1662369630?i=1000719376026

Hi TB i am not sure if he is or not the most educated. I just like that he is himself, that he is self made, and not a politician like the rest of them (I.e Pierre or Justin). Being educated is not a mark in of itself for me, what matters is that he went far, and certainly did well for someone born in the North West Territories. For clarification, he is the head of the Government. Our head of state is Charles III.

Been looking at different foreign tax jurisdictions since RBC allows foreign investments. For others to use as needed, each account shown below is the most optimal way to capture lowest tax on dividends. RRSP Hong Kong companies Singapore companies U.S. companies TFSA Hong Kong companies Singaporean companies Non-Registered European companies Japanese companies In short, withholding tax applies to European and Japanese assets, therefore better to keep them in non-registered account to at least get the Foreign Tax Credit as some offset. Depends also on the differential between Canadian income tax and withholding tax. For Hong Kong and Singaporean assets, one-tier tax applies, meaning that if the authorities apply tax at corporate level, none is levied on the shareholders (part of their legacy as financial hub). Therefore dividends are tax free. So best place to hold is in registered account to also shield them against Canadian income tax as well. Foreign Tax Credit does not apply as you do not pay foreign tax in a non registered account.

Carney personal investment has been disclosed

while Xian, Beijing and Shanghai (I didn’t see the latter) are worth a visit. I saw the first two and was not a big fan. My personal favourite region was the cosmopolitan Yunnan province in the south close to Tibet. Absolutely beautiful. Chengdu and Guilian are also very nice. But Yunnan is something else.

More related to Kazakhstan and greater Central Asia and not specifically Uzbekistan. It trades on NYSE. I recall at least two podcast on the topic. https://podcasts.apple.com/ca/podcast/kaspi-the-super-app-reshaping-kazakhstans-financial/id1662672593?i=1000651167696 https://podcasts.apple.com/ca/podcast/business-breakdowns/id1559120677?i=1000684967820 https://podcasts.apple.com/ca/podcast/fintech-leaders/id1579999679?i=1000659351105

I don’t know about investing in Uzbekistan. But it is on my 2026 travel list as its borders happen to encompass ancient cities of Khiva, Bukhara, Samarkand etc

probably a typo in the transcript. he is loyal. And that is why he is holding.

On not selling …. Interview with Steve Ballmer and his Microsoft holding. “I got this question once. I'm a member of a country club in LA, and one of the things country clubs do sometimes is they'll do Q&A with members to entertain, and I did a Q&A with a friend of mine at the club and who had been president of the club, actually, and also kind of knows Charlie Munger pretty well, and Charlie Munger is there as well. And Charlie Munger comes up to him beforehand, and to me, I know Charlie through Bill and Warren, and says, if you call on me, I have a question, as only Charlie can. So, you did a Charlie episode. So, we do our panel thing, the two of us, and then Q&A, Charlie gets up to the mic. He's not moving super well, but he gets up to the mic, and, oh, Charlie, we can call on you. And Charlie says, Steve! You know, I'm wondering why you held on to your Microsoft stock when your partners over there didn't. I know you're not that smart. I said, no, Charlie, but I'm not loyal.” From Acquired: The Steve Ballmer Interview, Jun 1, 2025 https://podcasts.apple.com/ca/podcast/acquired/id1050462261?i=1000710802439&r=8786 This material may be protected by copyright.