Xerxes

if I burn down your house and half of your family with it. And offer you safe haven, surely you will …..=> like the progress and security of my house Edit: and then I can sit and complain from about why the surviving members are not gratified by the “opportunities” by the Giving Hand. You guys do realize that most people just want stay where they are. And live their lives. And have no interest about some Westerner who “wants to free them”.

West has a fascination about breaking things up, for self-gratifying ideological reasons, which may or may not cause civil wars and then be involved to re-patch it up. I’ll just leave it at that.

thanks Spek I actually didn’t listen to Discover but did enjoy their take AutoZone

Right. My bad. I got confused. thought the situation in Hawaii was a concern for Hawaiian Electric … not BRK’ PacificCorp espresso machine wasn’t working this morning

yes sir. That is the one

Radman the way you wrote this post it makes sound like PacifiCorp is a BRK’ subsidiary am I missing something obvious ?

https://youtu.be/dDoiqH66DLM?feature=shared

For those interested, the ChitChat Podcast run 3 episodes in late summer looking at three cannibals. AutoZone Lowe’s Discover Financial.

On Kremlin’ Afrika Korps. In contrast the Deutsches Afrikakorps was ran by gentlemen, waging war nobly.

Berkshire seems to be on a “stealth” bull run. Just noticed that it hit $370 USD. On a related note Bloomstran did an interview with William Green recently.

yes. The one and the same. Dr. “Rocket” Epstein

Odd Lots interview with Bill Gross is incredible hilarious chat. Specially the last 10 min. Just listen that part for a good laugh. https://podcasts.apple.com/ca/podcast/odd-lots/id1056200096?i=1000627652007

@sleepydragon @dealraker i would say that the Bank of America analyst is a very good one. In fact he was an engineer on the F-15 program IIRC in another life time. I religiously listen to the weekend Aviation and Defense business podcast where he is participating and am looking forward for that episode in about 48 hours. that said, the analyst price target is of no significance to me, be it from him or another analyst. Whether up or down. What matters to me the thought behind it. And I think that really helps, shape my thinking. At the end of the day what goes into one person private investor’s portfolio is incredibly unique to that one person and his/her circumstances. Whereas analysts upgrade/downgrade has more to do with relative performance versus benchmark. And better suited for professional money manager as inputs.

The passages above that relates to the Crimean War of 1850s. Replace “Turkey” with “Ukraine” and Et Voila ! Currently there is no defense treaty de facto, de jure or otherwise between London and Kiev. What there is a desire by London to keep European status quo being upset by a revisionist power and some good old self defense for Kiev, which translates into common goal between the two .. for the moment. That moment may feel like an eternity in a heat of passion for those glued to their TV sets, … but in a historical context, measured in decades, is a blip. How many times did London screwed the Turks, only to save them, to screw them again and again, and then save them, as various governments rose and fell in London and as its geopolitical interest in the Near East ebbed and flowed. In current context, the “war party” in London wants to have its pound of flesh. And an impatient, overexcited and insecure Putin, perhaps feeling his own mortality in a historical context, had all but granted it to them that opportunity.

Here is the one of the last chapter that wraps everything up. This one last chapter is great read. I think Mongol history is required reading for anyone talking/opining about China and Russia.

A fantastic read. Or even re-read. So well written.

thanks the post. good to hear from him. Kind of funny that his kids own the very same stock that the grand dad would be shorting

indeed. looks like we didn’t get to see the good Admiral yet but we got Gandalf the White and imagery from the siege of mandalore.

On SAFRAN, I think they own the “cold section” vs. GE owning the high pressure “hot section” of the CFM/LEAP. So I am thinking perhaps SAFRAN owns the less complicated part compared to their partner. Relatively speaking.

respectfully disagree. What undid Rolls-Royce was a business decision nothing to do with their technological roadmap. In early 2010s, Rolls-Royce sold its equity ownership of the IAE to P&W, their joint venture for the V2500 engines. And soon after completely bowed out of the narrow body segment. Never to see it again. They self-selected to remove themselves from the most lucrative part of aviation propulsion, leaving the field to GE/SAFRAN and P&W. And forgo further investment. Rolls-Royce today has a dominant position on wide-bodies. But that won’t do them much good either sense the “centre of gravity” of what the market wants has been steadily moving toward larger narrow bodies and away from wide-bodies. Think going from A.380/B747/777 to A.350/B787 and now to A.321. Lastly Rolls-Royce did not have any scale. You need a conglomerate to be able to maintain the massive financial firepower. Sure, the technology and the maintenance requirement behind these engines can undo most companies. That is what makes them unique and hard to replicate and provide their moat. it is not hard to build an aircraft, but building engines, maintaining that MRO network is another matter. but it is not that technology that undid Rolls-Royce. It was its lack of scale and their business decision to abdicate further investment in the narrow body.

definitely not a high confidence buy but rather a I-need-to-plug-my-RRSP end of the year. the business is very straightforward (three businesses) vs (the pre-break up GE) but it is the product that is highly complex. And the scale of it is humbling. What makes you think that you won’t see similar blackswan on the LEAPs from SAFRAN/GE at some point. at the end of the day, the engines will be around just like the venerable V2500 that were introduced several decades ago. They need to bite the bullet and invest into h/w upgrades and get it right. No way around it. No half measures. ps: in 2020 the aerospace sector had a demand concern at large. Today the demand is there.

full disclosure i add this morning at $73 or so and increase my ownership by 35%. Probably dead money for a few years but I need to do a portion of my RRSP for the year. portfolio allocation is still around ~3% or so i considered this as critical infrastructure asset. The narrative upended by GTF (and for good reason) but there is more to it than that. The company will have a chance to show in late 2024, that I can generate cash in Collins and Raytheon and hopefully put in place an accelerated share repurchase once they got a good handle on the current concern issue.

i lol out loud hahahha

the 2016 one, which starts in midst of Arab spring in Cairo