MrB

2021 Q1 results are out. Healthy increase in BV and AM Best A rating in sight. Wintaai Financial Highlight (Mar 2021).pdf

Discussion on Stonetrust

No need to apologise CB. I much rather listen to different view.

Wintaai Holdings Ltd is the holding company for what will eventually become a collection of insurance and operating companies, but to date it holds one substantial asset, Stonetrust Commercial Insurance Co. Some of the related ground has already been covered in Investmd's thread Chou Dhandho StoneTrust which includes the recent (overly glowing) Forbes article. We're invested in Wintaai, so I'm going to steer clear of the valuation discussion for now and prefer to have Francis and Mike speak for themselves in the attached letter to shareholders. Probably safe to say you can tag at least another 15% onto the BVPS for Q1 2021. Wintaai and Stonetrust Annual Letters (2020).pdf

Not sure that's true if you vaccinate the 99.9% that would not have died from it anyway or the 98% that would not have contracted the virus anyway v the 0.01% on which you will have to spend for the ICU stays, infusions and what not.

Just upside down.

Mmm. People see what they want to see. Attached is one I enjoyed.

Strikes me as design in the midst of perceived chaos.

His right. The Fed is in a one way street. https://www.cnbc.com/2019/08/20/kyle-bass-says-us-interest-rates-will-follow-the-rest-of-the-world-to-zero-this-is-insane.html

Might be Crispin Odey.

Another good lesson and not as dramatic ;D

Rather go for the farmer and the lion/goat & cabbage story. https://www.mathsisfun.com/puzzles/farmer-crosses-river-solution.html

https://www.nytimes.com/2019/07/02/obituaries/lee-iacocca-dead.html

Another option which I’m teaching my kids, which I have to admit is hard as a post grad Father of 3, with the oldest being 13, is that it is not necessary to go to Uni immediately after school or at all. It is perfectly fine to start a business, start work or an apprenticeship immediately. I have to admit though that I find it does not come naturally to teach my kids that Uni is not The way to go.

https://www.cnbc.com/2019/06/26/jamie-dimon-weighs-in-on-student-loan-debt.html What nonsense! How about taking personal responsibility? Not only Dimon, who is generally sensible, but especially the student. It's not a disgrace, it's just plain stupid! If you're stupid enough to sign up for debt or your parents failed to educate you on something as basic as personal finances and the danger of debt in today's day and age then why should society ride to the rescue just because stupidity of this nature spread wide? So Socialist.