Xerxes

Higher interest rate means de-valuing of “red lines” ! I maintain that the lack of incremental conventional capability to nuclear capability meant, meant lots of empty red-lines and shows a messaging from Kremlin with no in-depth strategic thinking. Words can be powerful, if used strategically. “Russia has devalued its red lines so many times by saying certain things would be unacceptable and then doing nothing when they happen,” https://www.washingtonpost.com/national-security/2023/06/01/ukraine-f-16s-biden-russia-escalation/

Yes. That would be so cool

Wasn’t sure where this would go. It is more humour yet real in so many terms … sorry if it does not belong here

some of that I think is about “being too proud and stubborn follower of Church of Omaha” about walking over 1 foot high stand as oppose to jumping over a very high hurdle (in terms of complexity) or the famous line “too hard pile” that many pilgrims to Omaha are so proud to utter etc. Buffett never said “don’t think, for yourself” that is why Markel has done well in getting a good marketshare of the followers of Church of Omaha by preaching the message of simplicity. Something FFH doesn’t preach nor does. And I am glad it doesn’t. Standing on its own feet.

Misery loves company

haha indeed. $1,012 CAD is my magic number. That is when my FFH position would have doubled on an average cost basis of $506 CAD. I think most of it bought post March 2020.

Very much appreciated. Thank you !!

Thank you. The final time is 3 hr 58 min. Last I did it, in 2018, I think I had it at 4 hr 20 min. Definitely improving stamina. incidentally, I am 42 years old. So that means I did 1 Km of run for every of the 42 year I have been in existence.

Just finished 42,2 Km marathon in the nation’s capital. Took about 4 hr or so. between travel, vacation and work, did not train for it, other than my usual weekly runs.

i would imagine most of deaths are on the way down from the summit (8,800 meters I think) Mostly caused by the secondary effect of the “traffic”. I.e coming down later than they should etc I have not heard of anyone dying these past years doing the base camp hike that goes up only to 5,000 meter or so. Not sure where Camp 4 is, but I think it might be close to the death zone. Higher than 7,000 meters, so far above the EBC

Three musketeers, talking calmly to each other

The whole notion of naming of a yet un-started war as World War 3 is silly. We called what happened in 1914-18 as the Great War until 1937-45 happened at which point the concept of First and Second World Wars was born. Some argue that the Seven Year War was the real, First World War. Which makes 1914-18 the Second World War. But that would be incorrect because the two WW were close sequels. https://www.britannica.com/summary/Key-Facts-of-the-Seven-Years-War#:~:text=The Seven Years' War (1756,%2C the Americas%2C and Asia. There are many ways to go around this. But I am sure whatever happens it won’t actually be called World War 3. A global nuclear event will permanently ends all life and then some and followed by bouncing up sands, here and there. Not much left to talk about. Future proxy wars will be what they will be. Named around the geographical area where they occur. So no WW3 folks. Sorry.

Thank you Prem & co. for showing restraint and not shorting Nvidia in the past six months despite valuation concerns.

the best insurance against mushroom cloud happening (small scale) is a bet on long-dated treasuries (collapsing yields) the big defence contractors are a good bet if betting on “sustained” Cold War style Great Game power play in info-pacific region, without that Cold War turning into a hot war. That said the headwind that they have is managing fixed-price contract that they signed pre-inflation days. An actual large scale hot war, would mean a sustained bull market on artillery shells, munitions etc , I think short-cycle defense and metal-badgers. Ala Rheinmetal in Germany, SAAB etc not sure about long-cycle defense contractors. I think capital will re-allocate from their budget toward munition makers.

Not much of a prediction when the guy is telling you about NovoRussiya. Not much of a prediction when the ultranationalists running Tel Aviv what are their deepest desire are vis a vis settlement expansion. Oops … did I mention Israel ? We cannot be talking about Israel. everything they do is 100% correct and we must be kissing their ass all the time. If we do not that means we like Hitler. I said my piece on this pages ago. If Putin wasn’t there that desire to restore the empire would have come differently. That phase is always there and need to work itself through. Even Portugal went through that post-empire “who am I” phase.

No matter who “wins” Bakhmut, it will be a Pyrrhic victory. And Pyrrhic victories are what they are. A tax on the whole system. Everyone looses except for merchants of death.

Hi not at all. The book war written in late 80s and 90s. The insight that it gives is about total sway that Nomura Securities had over the financial markets in Japan pre-bubble era. It covers collusions with government, other market participants in the growth period of Japanese economy.

“Sam Zell was a self-made, visionary entrepreneur. He launched and grew hundreds of companies during his 60-plus-year career and created countless jobs. Although his investments spanned industries across the globe, he was most widely recognized for his critical role in creating the modern real estate investment trust, which today is a more than $4 trillion industry,” Equity Group Investments said in a written statement on Thursday. Zell died at home, the company said. Zell is survived by his wife, Helen; his sister Julie Baskes and her husband, Roger Baskes; his sister Leah Zell; his three children, Kellie Zell and son-in-law Scott Peppet, Matthew Zell, and JoAnn Zell; and his nine grandchildren.

Sam Zell, billionaire real estate investor, dies PUBLISHED THU, MAY 18 202311:21 AM EDTUPDATED AN HOUR AGO Sam Zell, chairman of Equity Group Investments. Adam Jeffery | CNBC Sam Zell, a Chicago real estate magnate who earned a multibillion-dollar fortune and a reputation as “the grave dancer” for his ability to revive moribund properties has died due to complications from a recent illness. He was 81. Bearded and blunt-spoken, Zell reveled in bucking traditional wisdom. He had a golden touch with real estate, and got his start managing apartment buildings as a college student. By the time he reached his 70s, he had amassed a fortune estimated at $3.8 billion.

https://twitter.com/4Mischief/status/1658640031395770368?t=uisCvxeBQOzzjzW7gp7jng&s=08

I am about done with contaminating Uncle Warren’ side of forum. Can we close this now-toxic thread ?

nice clip. I have seen it before I think. That said, if the same type of clip is made of the immense contribution that Arabs have made to the world of science, math etc, and how a lot of that made its way into Europe as Islam expanded, a Westerner would have puked and called it outrageous. disclaimer: I am not Arab. In fact my ethnicity was a victim of the Arabs. That said we were predatory and made others our victims before becoming victim. Such is life.

If this is correct, I think there is no way the Patriots could have scored a hit against the flying Daggers, without direct U.S. involvement tactically, strategizing how to goad the daggers and doing a check-mate, and tag-and-bag. This war has generated a wealth of data, unfortunately a lot of it, and the level of U.S. direct involvement will be classified for years on. We just would not know.

Modern day Sergei Shoigu is as incompetent as Generalfeldmarschall Wilhelm Keitel and Marshal Voroshilov meaning that they are not there for their expertise but for their loyalty.

I would not hold a reigning monarch to the same level of accountability as that of an absolute monarch. (Ex king Leopold of Belgium, whose charity work in Congo is well documented) She may be guilty of being clueless about certain things at a certain age (who isn’t) but she gave her life to the institution and generally speaking is not a bad person. That said, I don’t accept such responses as it was good for Africa. And that African and other subjects should be gratified. But to each his own