ANP301191

Anglo American - picking up shares under 2250 whenever I can.

HDB, INDA and a mix of Indian stocks onshore. I think the election related pull back is a great opportunity to double down on India

Sorry you got this message, honestly the 50$ we spend to keep them out of the community is a very cheap price to pay

I use a "Gaming Chair" - Trust GXT - dont know if its available across the atlantic, but got it for like 180 Euros 2 years ago, warranty for 2 years, and its extremely comfortable.

Maybe I have missed something, but I do remember western intelligence agencies talking about how the war would cripple Putin's ability to control the oligarchs/crush the Russian economy and eventually force him from power etc.? Havent heard that line of thought in a while. In fact, I do remember reading that some of the oligarchs who spoke out against Putin have had some pretty harsh reprisals. All this goes to say, no matter what armaments the west gives to Ukraine, if Putin remains in power, there always remains a chance of further escalation (more mass mobilizations, utlization of nuclear weapons, etc.). So by all means, lets give the Ukrainians planes and guns and missiles, this ends in a political settlement or a nuclear war. In my opinion, there is no path for Ukraine to simply expel the invading forces and end the war, it only ends when Putin decides he's had enough or he's won.

I dont think the risk of war expanding to encompass other European nations is as high a risk today as it was a few months ago. Putin has had multiple opportunities to expand the warzone, but he hasn't (probably the easiest would have been when Finland applied for NATO membership). I also believe that most European countries do not have the popular political will to actual engage in anything more than what is being done today. If you read the local papers in Belgium for example, 60% (my estimation over the past 2 weeks - annecdotal) of the articles that cover Ukraine and Russia, also talk about how energy prices have risen because of the war. Speaking for myself, our energy prices are up over 150% year on year. Food inflation is probably closer to 30% than the official 12% put out by the Belgian government. I am pretty confident that most, if not all, EU countries are in a similar predicament, and hence, I dont see any of them wanting to heat up the conflict either. I think the most logical endpoint of this has to be an exit ramp for Putin, as much as I hate saying it. He has to be able to declare victory because I don't see him surviving in Russia if the elites think of the war as a complete loss, and from everything he has done and whatever he has said, I believe that he will absolutely burn down the world with him if he goes down. It, then, behooves us in the West to provide the Ukrainians with sufficient arms to make sure that the victory he declares is as small as possible. Whether the Patriot Missiles are the right armaments or not, I cannot say, I have no understanding of arms, but I don't accept the belief that by providing more/better arms to Ukraine we risk a larger conflict.

Just read the opinion piece on the FT about breaking up Berkshire Hathaway whenever Mr. Buffett is no longer around. (https://www.ft.com/content/89ca1c10-85ac-4d88-8361-ee6b6be1384f). In general, I agree with the concept that conglomerates are shitty investments - they end up hiding weaker divisions behind the strengths of profitable ones. Yet, the benefit of investing in a Berkshire is partially the fact that it is a US global conglomerate. Any general thought on this as a concept?

Added some GOOGL and TTM

Added some MSFT, GOOGL and AMZN

A friend did something similar with his brother-in-law - worked out well (circa 2012 so everyone did well). If the guarantee isnt a life-changing sum, the idea seems genuinely kind on your behalf. On the other hand, you could offer him the chance to mirror your trades/portfolio where the onus and hence the risk remains on him but you guide him through the process.

Just got out of the omicron variant. Runny nose, slight fever etc. like what everyone is hearing. A couple of years ago, I would have still been at the office if I felt like this but Belgian government rules are 10 days quarantine if you test positive. Honestly, not a scientist, but this feels a tad bit overdone. I know that the elderly or those with comorbidities may be more at risk than myself but I am sure there are better ways to protect them than just forcing everyone to work from home again. Not to sound political, but a semblance of common sense and a return to "normalcy" is needed, not every industry can "work from home" and as @Gregmal indicated, schools shutting down or taking half days does a huge disservice to kids who have already had months if not a year off regular schooling.

@SharperDingaan - Appreciate the commentary, but as someone who is from the "next generation" most of the people I know also dont understand the crypto space beyond it being cool and its going up so buy it. I can still understand utility NFTs - I can understand why someone is willing to pay 500 USD (or whatever ETH that is today) for the next generation machine gun on COD (I dont think I would do it but sure there is a business proposition here). Someone has added value to you/your experience, and you have paid them for that added value. The fact that it is rare probably adds a little more juice to value. But why an Ape is worth 500K will never make sense to me. I similarly dont understand why a Picasso is worth x million USD. But again, granted there is a business proposition of sorts here as well there are only so many of these items, if you have one that means that there are less on the market, and so people have to pay more for it. And yet someone has to explain to me why a dogecoin is worth what its worth beyond the greater fool theory. Even in the businesses that do accept crypto (not the illegal ones but the legit ones) they pay their employees in USD in the most part, they pay their vendors in USD or fiat on the most part. All they are doing is accepting huge currency risk for the marketing of being "tech friendly". Again just an average (or below average) investor, but doesnt seem to make sense to me. Additionally, there have been numerous reports about the risk of a 51% attack on BTC with a very small number of miners and wallet holders owning/controlling the coin. While I am not the biggest fan of national governments, I usually know who they are and who makes the calls, and I can put that into a risk calculation. In this case I have no idea who they are and no idea what their game plan is. Full disclosure, I bought some BTC and ETH earlier this year, up nearly 80% on both of them, but I wrote off that part of my portfolio the minute I did. The refrain from the crypto-bulls of "this time it is different" is pretty similar to the geniuses who came up with the MBSs of early 2000s or the dot-com guys in the late 1990s or any other such bubble. Not denying that there is a great utility for the product (just like there is a use-case for MBSs and obviously for internet businesses) - and specifically the NFTs which I am sure will be a large part of future business infrastructures and way to market - but that doesnt mean that the market is not in a bubble and that this bubble popping will not lead to a financial squeeze amongst other asset classes. Just following on with @Parsad's point, when the 2.7T reduces in value, even by say 50%, the repercussions are not going to be just the 1.35T that disappears, because people are loaning on crypto and staking crypto. And the fact that we have large financial institutions like mutual funds and payment processing companies having crypto on their books is a dereliction of fiduciary duty by those managers, because there are no risk management tools invented yet for crypto. No one knows the true volatility in a down market, no one knows the liquidity when the market starts to cascade, there is no historical evidence, there are no options traded by large scale banks that the Fed will bail out. So again, yes, by all means I think it should be 100% legal to invest in crypto, just like it is legal to go to vegas and put money on the roulette table, but just like that roulette table, lets not make it a "business model" or something with intrinsic value, it is a gamble (a fun one and one thats going well for me at the moment). And lets not say that having it permeate our financial infrastructure is not dangerous.

1) Generally the rising case of "consumerism" in India added with the lower rate of financing of any long-term purchase (home/car/etc.) versus inflation/sd means that people will buying a ton of cars in India at least amongst the middle classes. As a side point, I genuinely believe that the Indian middle class will come out of the pandemic with a huge pent up demand as most people in the services businesses saw wages jump over the past two years and no one was spending on anything other than the bare essentials. 2) Green-ifying indian infrastructure - Tata Motors is one of several companies working with local and state governments to add greener buses/build up the green infrastructure to support the EVs. 3) Management - there are a few companies working on the green-tech side of the Indian infrastructure business, but I trust Tata more than them all. Granted Tata Motors has been a blackhole of money since they went around the world buying assets (definitely not a fan of their purchase of the Range Rover purchase), but at least they tell you when they burn cash, other Indian companies find very interesting ways of hiding it on the balance sheet. Additionally, management seems to have realized that their competitive advantage is India, and being one of the best automotive businesses in India is probably going to be sufficient in the next decade - a lot of their recent investment (purchasing Ford's factories in India earlier last month) are in India. Do think that you should have a very, very strong view on growth in India to buy it at these prices though, seems a bit euphoric if you look at the charts. My last purchase was like a 5% top up of my position and was less than 0.5% of my portfolio, the large part of my position was built in around the 350INR price for full transparency.

Added to AMZN, TTM (Tata Motors ADR) today

Added some FB in the mid 320s. Maybe Im wrong but I would love the US govt to break it up, Whatsapp and Instagram are probably amongst the most valuable properties in the world and are definitely undervalued being part of the FB "evil empire".