yesman182

congratulations, must feel good to be picked up by bloomberg. If you post it, i will look and watch.

As an America I think it would be awesome if Alberta joined the US. No they wouldn’t be their own nation, but lots of states retain their own identity.

I thought the speculation was TRS related, not buybacks.

What do you think of the new president of insurance? Seems like he is trying to decentralize insurance decision making away for the corporate office.

Was the same broker used for this trade and the ~400k trade from a few weeks ago?

I’d love to know when they started selling. You think it was after the conflict started? I was kind of thinking it was before the conflict started. If we see more sales in the next 13f then I will change my opinion.

AGT announced a $0.05 dividend. https://www.newsfilecorp.com/release/297570 I thought they had the IPO to pay off the debt so they would flow some cash Seems like it will be hard to get Canadians excited about a 5 cent divy.

They have been consistent in saying they are not interested in bidding on the multi year full season contracts. You think that will change? Or are you saying you think they will bid on more one-off sporting events in more sports? Like golf, or tennis or whatever else besides football.

Didn't they raise an equivalent amount of debt on June 8th? Perhaps the closing of the TRS has more to do with their ability to access debt markets vs the TRS share price? I really have no idea about their ability or inability to raise debt at this scale or interest rate.

I hear ya, but who could have sold than many shares? It would be like blackrock liquidating their position.

Aren’t there only 4-5 people/firms with that many shares to sell? So either a top ten holder in Fairfax liquidated or they took of TRS. Is that what you are thinking?

In an attempt to better understand the ownership structure of FIH.U, I used Claud to try and build a visual. I welcome feedback on what I don't have correct, or what is missing. Overall it was a somewhat frustrating experience, Claud kept putting boxes in bizarre places and had lines crossing each other all over the place and was writing text on top of each other. Makes me wonder if ADBE really is going to die quickly due to AI. Perhaps I am bad at prompting, or perhaps Claud isn't the best AI for this task.

I track my net worth and my spending. I spend <50% of what I earn and invest the rest in real estate and investments, I have done this for several decades. I personally don't see the point in knowing the exact percentage of my investment gains year. I am unsure how I would use that information, if I didn't beat the S&P for several years, should I just move it all to an index? If I consistently beat the index or should I add leverage? I don't have interest in being fully invested in index and I don't want leverage.

I think their headless strategy makes sense. I have never used Slack and I don't have AI agents, but I buy the argument that Slack is a great place for co workers to work and manage AI agents and work. I watched a video on CNBC with a ADBE executive yesterday and he said ADBE would be moving towards more headless offerings.

What price do we see next $60 oil or $100 oil?

What do you mean BRK keeps duration to zero by rule? In the current environment they are, but I am aware of no much spoken rule, other than always wanting 30-50bn cash (not sure what the limit was up to). That money I suspect will always be in tbills. The rest is just sitting ready to be invested. Fairfax and Markel have invested their money, Berkshire is looking for something. So I think Berkshire has the most optionality with 300+ billion of dry powder, you think Fairfax?

By cooperating do you mean lowering imports, or something else that I am missing?

Who do you consider insurance in general? Markel down, BRK down, PGR down, brokers down

Haha I hear ya. One thing I saw this week that I hadn't previously realized, is just how much China has cut its imports. Seems like the article said they are importing like 1/2 of what they were pre conflict. So the worlds largest buyer basically is taking a pause. That doesn't explain everything, but it does help me understand why the price didn't climb like I would have thought.

trimming crox

I am not aware of these books, but I would like to read them. Do you remember the titles? Are they easy to find?

CFO and General counsel are also buying.

Does that change how you feel about owning this on margin? I think you said in the past you own some on margin. If you previous thought the price would rise with strong ROE and now you think it will take hard market, it seems like less reason to own on margin, since the gains could be years away even if the ROE holds up like we expect. I don’t use margin, so I’m just curious if using margin changes your thinking at all. I understand long term we are both think the stock will meet your return hurdle.

Yeah, my take away was that it sounds like the next time this gets to 1.5x BV the market will find plenty of sellers.

i assume he is referring to be assassinated