Xerxes

The good thing about this potential 30-day ceasefire is that, it will right away show if Moscow is serious or not. The ball is with Kremlin. I suspect that was the intent.

Aid and intelligence is back on Zelenskyy has the cards now !

That would truly be a black swan event, if US Government turns into a modern version of authoritarian European government of the 1930s …. Very low risk, but with populism you never know.

I have been going to the US for more than 20 years via land. Both entering and exiting from either side there is only one check by the country you are entering. US Customs when you enter U.S. and Canadian Customs when you enter Canada. No exit customs. i am guessing both countries have agreed to do this since having double check on each side would be too crazy. Now imagine they had to stamp the passports every time. that said I am fairly certain that the two side have their system link in terms of databasing people coming and going.

I am not sure if it relates to Carney. I think the Canadian bellwethers (like RBC, TD) would be falling first if that was indeed the reaction, not some obscure family-controlled out of index insurance company

i received my copy few weeks ago. thanks for the thread guys. I think I ll have a go at these F Chou letters. I prefer Chou than in your face types like Ackman. The Forbes article from 3 years ago alludes to Francis wanting to become as big as Berkshire, is that truly the vision !?! Surely not as a private company PS: Forbes perhaps can tune down the rhetoric and maybe say as big as Fairfax. Or Markel for the American audience.

Actually I am guessing all the mark to mark investments and a good portion of “associates” are offset against the liabilities of the insurance business, and are held embedded inside the subs. So that is why we don’t see it.

Right. But only $1.2 out of $7B that is carried on the book as “associates”

Does anyone know what is the logic of NOT including other non-insurance investments on page 22 in fact only $3.5B of $17B is shown, which are the ones that are fully consolidated

not to get involve in this heated back and forth, but : while it was Pearl Harbour that pulled U.S. into the war on Dec 7th, less known fact is that it was Germany declaration of war on the U.S. on Dec 11th that brought U.S. into the war with Germany. The arm’ length convoy war was raging in Atlantic, but with open hostility Hitler thought the good Grand Admiral Donitz can finally fight his unrestricted submarine war, without one hand tied in the back. It was also to entice the Japanese to invade Manchuria that never happened. It would be a good thought experiment to imagine what would happened if Hitler didn’t declare war. The American battle cry was “kill japs”, imagine the horror of the public, had FDR chosen to divert resources to fight Old Europe’ war, when Germany had not even been in open conflict with the U.S. Hitler solved FDR problems for him on Dec 11th

think you Ulti

for sure, he has the uncomfortable job explaining the ying and yang. but the guy has good credentials. They could have chosen a full throttle populist like Pete H. (Current head of pentagon) to lead treasury.

Full interview

The European trading companies get their appetite wet, when Delhi falls to Nader Shah, and begin to imagine what was the unthinkable: feasting on the carcasses of the Mughal empire.

India has been plundered over and over again by its neighbours over the centuries, and carpet-wielding Persians were no exception. Here is excerpt on the fall of Mughal capital to Nader Shah. The haul from the fall of Delhi is said to be about 10 billion pounds in today value. Effectively the “trade surplus” that the Mughal treasury had built over 200 years, went to the imperial treasury in Isfahan. Much went to wage wars against Russia and the Turks. The famous name of Koh-i-noor was given during this episode.

Based on what Koffman had said in the last few podcast (before the tantrum in the Oval Office), Ukraine is still holding its own. so while strategic picture and long term prospect has had a material changed, the tactical picture on the ground has not. So no collapse of the frontline etc

Thanks gents. Ps: odd thing to bring up in State of Union speech.

The last ten posts have nothing to do with Ukraine

The author of that article clearly likes Dune and Space Guild Navigators

they are not suppose to talk during State of Union. I think the rebuttal is after in any case, I am done watching this. Was watching White Lotus just before. Now that was entertaining. Xerxes out

all I want to know is the CAGR for that +300 year old person owning bunch of land and railroad …. Post-1776 anyways

This guy is tougher than Trump

there always secondary effects of a long protracted military conflict that lingers on the ruling elite and their thinking. The longer the war goes, more you will have a hard core segment of the military that will have a hardened “never again” attitude. Coming out of the Iran-Iraq War, eight years long, you had an entire generation of military commanders who served and had formed a view that that another land war like that should never happen. And their solution was dominance of their neighbours, to ensure that conflicts are fought on other people’ territories. In some ways, Ukraine is lucky to have the support of an entire European continent. But if I had to guess, somewhere deep in the bowl of Kiev, they are thinking very hard in putting place plans to become a threshold nuclear state. And Europe will be ok with that … implicitly. Has anybody asked Zelenskyy what are his thoughts about building a nuclear arsenal.

500% ! Probably same for me. Hard to remember now

Added CNQ as a new position. someone please ping me if this was a great idea or dumb.