AlwaysDay1

Nvidia is benefitting from supply constraints in the face of growing demand. The next phase seems to be energy which will face supply constraints with growing demand. Which companies will this benefit the most in your opinion? Some will benefit but require increased capex. Others may be straight money printers like Nvidia. Let's discuss!

@Viking if I understand correctly you are saying that they will be able to roll their bonds at higher yields now. How does the interest from this behavior differ from the "dividend and interest income" of 500m per quarter? Where is this latter interest/dividend income from? Is it not from fixed income securities? Thanks.

Brown and Brown recent earnings call they spoke a lot about captives and contingents. Does anyone know this well? Are they actually setting up captive insurance companies and bearing risk?

Do any of the wildcatters on the board know if perhaps it is because Chevron leases more of its Permian land while Oxy owns more of its Permian land and therefore has redevelopment opportunities? And did anyone catch the comment Buffett made on Chevron's advantage from ownership TPLT's minerals?

@MCR was their implication perhaps that the lack of production (along with the decrease in strategic reserves) may keep oil prices higher for longer, resulting in higher cash returns to shareholders via buybacks/dividends?

Last year there was a massive hangout in the Hilton ground floor (could possibly have been the Marriot) across the street right after the Berkshire meeting. I do not believe it was the dutch speakers but it was absolutely packed. Any idea what that is?