Xerxes

As long as it reaches $2025 before the calendar year changes to 2025, it is a win !

Thanks Haryana, Was watching a video on YouTube, it was saying how the specs of this *new* intermediate ballistic missile are within what was banned under Intermediate Treaty in 1987 which was torn apart during the first Trump administration, heavily pushed by John Bolton. In hindsight, unless I am mistaken (as I am no expert) this events vindicate the decision to set aside the 1987 treaty by Trump. Kremlin may have been abiding by the letter of the 1987 law, but not in the spirits of the same law. Oreshnik must have been developed during 1987 ban, with specs just within what was permissible, and an easy jump to upgrade once the treaty was no more. Reminds me of Treaty of Versailles that limited the German armed forces to no more than 100,000 men. A small number for then 1930s armies. But those restrictions were easily bypassed by a clever General Staff, by keep rotating new troops and doing early retirement, while keeping under 100,000 men. Do that five or six times, you have 500,000 and 600,000 trained, standing de facto army, ready to put on the uniform once the treaty is torn apart.

Don’t know where to put this. just for discussion purposes. I am slowly crawling my way through Buffett letters staring 1990. I skipped the 1970s and 80s as I cannot relate to the companies he talks about. I am now in 2004. There is passage where he makes the case as to why Berkshire owned a kingly sum of $21.4 billion in foreign currencies. Twelve of them at that. Twenty years later, the deficit is even larger. Today, his position in Japan could be akin to his views back in the day. Yet, the size of its foreign holdings today is very small to its large U.S. based holdings. It seems to me that it was huge in the early 2000s.

The last Iranian leader who put 40,000 to sword in one go, died hundreds of years ago. His name was Nadir Shah. But you are right he would (should be) there on ICC list if he were still alive. He and his entire military high command. I think we had a few more magnolamic under the Qajars as well. Hamas is there. Where they belong. Or did you not know that already. You are pretty detail oriented, surprised you missed that and surprised the two previous replies didn’t point that out either. Somewhat comical that folks (on the Russia thread) talks about the greatness of post-1945 world Liberal order, and its institutions, how we must fight Russia to the death to preserve it, …… ICC is part of that post-1945 world order. Why are folks even bringing up ICC here if it doesn’t matter ?

Kinzhal are indeed air launched modified version of Iskanders, that were marketed as “hypersonic”. Zircon are a different matter. And not many of them have been used. Overall the Patriot defense system has been impressive. But the hit rate is contingent on full salvos. So high hit rate per battery but low hit rate per launcher. https://missilethreat.csis.org/missile/kinzhal/ https://www.businessinsider.com/russia-unstoppable-hypersonic-missiles-had-another-bad-night-ukraine-says-2024-11 Ukrainian Commander in Chief Oleksandr Syrskyi disclosed in August that Russia had launched 111 Kinzhal missiles since the start of the full-scale invasion in February 2022 and that Kyiv had managed to shoot down 28 of them — an interception rate of just 25%. Syrskyi said Russia had used the Zircon missile only six times. Two of the munitions were shot down, while the other four struck civilian targets, Ukrainian media reported. The statistics on intercepts for these missiles appear higher now, but only slightly. "Ukraine claims a 25% interception rate for hypersonic Kinzhal and Zircon missiles, but Ukrainian sources also indicate such interceptions require salvo firing all 32 launchers in a US-style Patriot battery to have any chance to shoot down a single hypersonic missile," the institute wrote in a September report.

Most ballistic missiles are hypersonic during descent. The terminology is not new, but used often in marketing. It just question of how hyper-hypersonic it is. And if it glides before final descent, which most don’t. I think more reading is needed here.

Thanks. He seems to repeat more the same. Keeping cards close to the chest. I have heard that $7B before and $7B so many times. it is funny how the video froze exactly at that moment. great hostess, btw, thinking fast on her feet

Best example would be Bill Miller considering Amazon deep-value in the late 1990s and paying up. He was not pitching it as a “growth investment”, a term that is more associated with the big technology names today.

if you are ever in QC for a visit, do let me know. I ll arrange to meet with you.

The first episode of Part 2 Yellowstone is so badly written, directed and edited. right off the bat, within the first 5 min, I knew something was off. Maybe due to Hollywood strike.

that leaves the Block !

great cover page

All good. looking forward to see you start the 2025 thread in the next few weeks, to get ideas going around. I think Dinar had a whole bunch.

congrats to you and all the FFH bros ! well done

amazing. I recall reading that last year, but …. I had owned MSTR in Dec 2020 and sold in Jan 2021 on the then top … the “anchor” was weighing heavily

well done.

she nailed Nvidia for 2024 but lost the Congress and the Senate.

I sold off my absolutely irrelevant ETH position to buy some kitchen appliances, fund some vacation and otherwise throwing a bit on the mortgage. in hindsight I was off

A+

pulling up this thread as we are getting close to December. No mention of MSTR it speaks of how fast you change your view on the BTC underlying in Q1 2024.

so much for the long haul Altimeter sold off Uber. Don’t know if it all of it, but enough to mention it on CNBc

This is what we call Kremlinologist given the vast array of books behind her