Xerxes

I am big fan of India. A united India. But disgusted and disturbed by allegations of its spy agencies conducting assassination of Canadians on our very own soil. It is one thing to push back on allegations and expelling diplomats, but when you stop issuing VISAs to everyday folk that says more about you …. I am not a big fan of Trudeau who constantly needs to throw his liberal values on other countries, but here he did the right thing if this is true.

you seem to have missed my point. I made a distinction between US and West to clarify that most people like to go to the US, as oppose this “generic” West-West-we-are-the-best—West that gets thrown about. That is the distinction that I was going to make. in any case, we are talking past each other. Since I wasn’t even talking/thinking about US “imperialism” when I wrote about civil wars. That was generic comment. If anything it relates to the mess that British left in India and Pakistan. - - - On a different note and completely unrelated, Argentina is part of the New World and was a rich country. I don’t know their history well but over the past 80 years or so it flipped for them. Why is that ? What makes you think the samething is not going to happen to Canada or US. We are looking at snapshot in time. We don’t know what the future holds. Maybe 80 years from now someone will be sitting in their ivory tower in Buenos Aires and issue grand proclamation about immigrants.

immigrants choose to move for better opportunities. Like the Irish and Italians did to the US, eons ago. Refugees move because they do not have a choice. Refugees just look for the closest “escape valve”. Wherever that might be. I don’t think immigrants in the early 20th century to the US went there for wealth and rule of law, as you say. They went because it was the “undiscovered country” and its prospect. By many measures Europe was wealthier and had established rule of law (notwithstanding wars). But what US had was opportunities. it depends when you want to draw your line in the timeline. today, yes, folk immigrate to be where the rule of law is. But again opportunity trumps wealth. Europe still has a lot of wealth, but that is only good if you are “old money”. You cannot create new wealth in Europe with the same scale as in the US. So is it really West we are talking about or US specifically.

@John Hjorth @Dinar Eastern Europe is carved out for good, for decades to come. The axis of what comes next has moved to Armenia Azerbaijan.

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.