Xerxes

I read Elon Musk was also on that call. Allegedly.

steps were taken in the past few years to ensure that a president on its own cannot withdraw from NATO. It needs congress if I remember correctly. these steps would not have been put in place if the threat was not real. John Bolton says that Trump sees the war as “Biden’s war” and wants to start his first day with a clean slate.

Any offer for the remaining 70% would have always been subject to regulatory approval. It is no different than had he owned none of it, and than made an offer. Like he did with Allenghany. Berkshire owns 30% or so; enough to have influence to block any major making a move toward it, for 3 years now. Maybe that was the reason for the passive stake.

Blasphemy ! How dare King of SPACs issue excommunication ? Only Bloomstran is allowed to excommunicate newpapers and magazines

On the overall need of growing the infrastructure … (I.e MRO) Last two paragraph on Bengaluru

Buffett had said on record that he has no interest in Occidental. Yet given his view on inflation and the significance amount of liquidation of Apple and Bank of America positions, the pausing of the passive weekly purchases of Occidental, it is possible that Occidental may indeed the target. The M&A activity should be picking up across the board with the new regime in Washington.

If U.S. actually withdraws from NATO (as far fetched as it sounds now), can that be catalyst which makes it “ok” for Ukraine to join NATO from Kremlin point of view, and stop this nonsense.

Spek, I am fairly certain total global crude production is around 100 mbpd not 82. Also your analysis assumes no demand destruction in case of unthinkable land invasion of Taiwan, given how critical it is to global supply chain.

Word on the street is that while in 2017 there was a couple of years of honeymoon, between tax cuts and tariffs, no such luck this time around. it will come fast

I dont bet on which administration is going to do what. I just continue to bet on the big dog

I am glad Saylor is doing well .. but really the idea of BTC reserve bank, BTC president etc is complete reverse to what Bitcoin suppose to be. maybe time to change Bitcoin narrative

https://podcasts.apple.com/ca/podcast/in-good-company-with-nicolai-tangen/id1614211565?i=1000675883446

my man ! Thank you new podcast series for me as well. Never heard of this one before.

Blast from the past from 1984. Four key topics: - Kremlin - Lebanon in Chaos - Reshaping NATO - Monster deficit same topics as today, but 4 decades pass. Back to future.

Hi. wasn’t the vigilantes a thing in Clinton era in the 1990s. That is well pass the gold standard. or did I misunderstood your comment ?

South Bow - which is really Keystone XL being spun off Transcanada energy (TC Energy)

Brent Horn is building up his bearish credentials and aiming for a job at Barron’s and is looking forward to that day when he is going to write : WHAT’S WRONG PREM ohhhh how he wants to write that for Barron’.

congrats ! YTD it added the its entire pre-Covid value per share. I guess I am ignoring the share count reduction since.

These are monster gain today (+8%). I think I am going to treat myself a pumpkin spice latte (w/o whipped cream) tomorrow at SBUX as a pad on the shoulder. After a healthy run of course.

Thanks Cubsfan Admittingly I don’t even know what is UNRWA. Will have a look unrelated this another great informative episode. PS: the episode ends with a reference to an Anthony Bourdain’ (RIP) when he was filming Beirut in 2006 when all hell broke loose and how it changed him. I haven’t seen that specific one, I think I ll watch it. https://podcasts.apple.com/ca/podcast/carnegie-connects/id1568315057?i=1000675182933

There was podcast that Ben did on India that year or in 2022 that I thought it was really good. Macro stuff. And nothing "directionally" new, but I thought he presented the India opportunity much better than the FIH team. This is before he became FIH chair.

I would just assume it as nominal dollar and un-invested if it 5-10 years. but over multi-decades that assumption gets stressed. I just don’t think the corporation should get credit for that. as they already made their capital allocation choice. but you are right. No perfect answer.

I hold FFH (as an example) in my registered account I don’t pay tax on capital gain or dividends. But nothing is free and eventually I will pay tax when I withdraw. my tax situation is unique to me, the investor. Whether, inside tax registered account or not. Whether DRIP or not. So tax’s on dividends should not be included when looking at a specific’ company’ ROI, nor the fact that I will eventually pay 50% tax on the whole. DRIP should also not be included , because the choice is mine as well. The gauge to measure the company should be solely based on things they control and decided at corporate level. they decided to pay some cash dividend in place of share buyback, therefore DRIP should not be considered in the ROI metric.

I always have a problem with books and analysts talking about long term return with dividends re-invested. If the discussion is about company point of view, the return should always be measured without dividend re-invested. Why ? For the simple fact that the corporation CHOSE to give out cash dividend in place of share repurchase. So the return has to be measured with that capital allocation decision in mind. Wether the investor chooses to DRIP or not (it does not and should not taint nor improve corporation’ long term return) when was the last time one heard about analysts talking about a bad performing stock’ long term return WITH its cash dividend re-invested back into that sub-performing company. They always say “at least there was the cash dividends”, while everyone takes is for granted that the cash-dividends were not DRIPed.