Xerxes

I couldn’t stop laughing. Watch this. https://youtu.be/tVsGUw9FWoc?feature=shared

I actually think them keeping almost all of their global investment concentrated in just two locations: India and Greece, is a sign of quality of investment managers. The bets ultimately maybe right or wrong, but one cannot say they didn’t do their homework.

What would that accomplish? Just because of some cheap Chinese technology stocks. A segment that is not even in his wheelhouse. Concentrating their geographical expertise is key. Only depth of knowledge (undistracted and compounded over decades) can allow them to go heavy in say India when and where it counts. Anything else is a distraction. Why even bother ? Greece was interesting. If there was no economic depression in Greece, they would have never bothered. Whereas India was a secular growth story.

Shetland Season 8 is outstanding, incredible police show. Not that previous seasons are any less outstanding. Amazing plots every season.

CME Group

Amazing !!!

see this podcast. the sheer size of this Emirati FDI in Egypt is staggering. Looks like one of the UAE SWF owns a piece of CIB as well.

any specific episode in that new series that you are recommending or general speaking

I was never able to watch Blade Runner completely. The Alien franchise has also interesting Director’ Cut and Extended Editions. I recall Alien3’ extended edition made the movie far more interesting.

The director cut is the way to watch Kingdom of Heavens. Not that the theatrical version was any less. Oliver Stone’ Director Cut of Alexandre is also interesting from a movie making point of view. Not a great movie. But it is interesting to contrast it with the theatrical.

Berkshire was not designed with an end goal in mind of what it ought to look like. It sort of happened over the decades, as different opportunities came and some were added. Mostly by being an opportunity at the right time. Markel in contrast was “architectured” with a clear goal of having a non-insurance business (Ventures) to grow in parallel. Copying Berkshire. Fairfax copied the float idea from Berkshire (easier said than done of course) but ultimately Fairfax was there first as an investor. The insurance outfit was added as a source of float to invest (what Ackman wishes to have). I don’t think there is any “architectural” copying from Berkshire except for the float. One could say Fairfax’ international profile is in deep contrast to Berkshire’ largely domestic business. That takes courage !!

100% He made that statement after a shareholder (whose family office was heavily invested in FIH) expressed a concern about the discount.

Masterclass on shorting by MuddyWaters …. Making excuses (not mentioning FFH by name) Looks like he is shorting BXMT.

https://www.dataroma.com/m/m_activity.php?m=FFH&typ=b I love that one single share of BRK.A that they have like forever in their portfolio. Like a single piece of artwork just hanging on the wall. I guess they want some exposure to Prem Watsa of Omaha, just in case

This is some serious shit

In 2018 AGM they contrasted FIH to a ship sailing independently on a discovery mission. That ship is far enough from the mainland (FFH) such that it does not cause collateral damage. Based on that I think a large bank would not go on FFH balance sheet. Unless the view above is changed. I also realize that FIH doesn’t have the firepower.

Hi Valueventures, To be perfectly frank, i don't follow Mercadolibre that closely. I figured that a management team that build up this juggernaut over 20 years spanning a dozen countries with different jurisdiction, inflation, and other country-specific challenges (a moat one might say) is far better equipped to re-invest that next $1 incremental of value than me going over their 10-K and pretending i understand. So it is on auto-pilot for me, I just lumped inside a technology bucket, but perhaps should be under "operating businesses". I agree that it is more than technology firm as it owns logistics, payment solutions etc. Walt Disney and RTX that I own are also technology companies with a focus in media and A&D. But I put them on operating businesses and not technology. For clarity, i don't target any specific % allocation to any bucket. It is all random.

Cheers. Agreed on the "separatist" and "orange cone" [as i call it .. lol] discounts on assets in Quebec. Almost all of near family are in Ontario. Parents + sister in Ottawa & Brother in Toronto. I am in Montreal.

BRP (formally part of Bombardier Inc.) is controlled by the Bombardier and Beaudoin families. Eventually those large share repurchase might be prelude for a family buyout. Assuming the family is not tendering share pro-rata into buybacks ? I own Bombardier Aerospace. Wont get to the history, as there is a lot of FOD from Canadians who are not familiar with the business or got burn by it, but suffice to say that my bet has always been that once BA puts itself on the right footing as it is doing now, the Bombardier and Beaudoin families would want to perform share repurchases to offset equity issuance in the late 2010s, and that a privatization end-game might be in play at some point (though this latter is far away). For all intent and purposes, Bombardier Aerospace had an "IPO" in 2020-21 as a luxury/business aviation maker as a standalone entity.

i am guessing you are from Western Canada

funny I was watching this last night.

For Canadian, if foreign holdings (aside U.S.) reaches a watermark threshold of $100,000, additional disclosure is required by Revenue Canada. Even if there are no realized gain or losses. And even if it passes $100,000 and dips back below.

And most important: BAE Aerospace.