gurjot

agree!

Rest in peace. can't wait to re read poor charlie's Almanac

good year all around including exclamations! and modi praises!

Agree!

Everyone's opinion does mean something. If i was good at timing the market, i can get rich at a stock which went from 100 to 0 with 15-20% volatility over a period of time. but reality is most people are not. Make things simple and assume there is no stock market and you bought ffh at a reasonable price and left for last 15-20 years . would you have made acceptable return? the answer is no. Now looking forward i would say it is a show me time . i have reduced my position by 90% in the last 10 years. Would i buy at current price? There are better opportunities else where.

Yes, Prem's rosy view of Modi is certainly at odds with much of what I've read elsewhere. But he's talking his book so I personally don't worry about the discrepancies. In general, I feel Prem's writing often makes him seem avuncular to the point of being naive, particularly over the past few years. (The exclamation points ending every second sentence don't help.) I don't believe this is fully reflective of the depth of his thinking. Buffet also has the whole "Uncle Warren" persona, but there's certainly a very shrewd businessman behind the aphorisms and platitudes. Maybe not a fair comparison but perhaps you see my point. agreed. lets see what future brings.

Yes, Prem's rosy view of Modi is certainly at odds with much of what I've read elsewhere. But he's talking his book so I personally don't worry about the discrepancies. In general, I feel Prem's writing often makes him seem avuncular to the point of being naive, particularly over the past few years. (The exclamation points ending every second sentence don't help.) I don't believe this is fully reflective of the depth of his thinking. Buffet also has the whole "Uncle Warren" persona, but there's certainly a very shrewd businessman behind the aphorisms and platitudes. Maybe not a fair comparison but perhaps you see my point. Not comparing Modi to Lee Kuan Yew, but things were not rosy during the first few years he took over either. But to make progressive change for the entire country, he had to make tough decisions to modernize the nation and bring it to developed standards. Today, Singapore is the standard by which most developed nations are measured. But did the ends justify the means? Perhaps, Modi is of the same cut...and to get India where it needs to be long-term for the benefit of all citizens, means pain for many years to create the necessary environment for change. Another example is China...not sure many of us agree with how they got there, but today people outside of China (Munger among others) are talking about the eradication of poverty in China...something we haven't seen any nation of their size accomplish as quickly as they have. I have no position on Modi or China...but I am amongst those surprised by the changes they have made or are attempting to make...having visited both countries recently, talking to various classes of people and just looking at what they are doing. That being said, I'm averse to investing in China simply because of the sheer frailty of property and legal rights there...and even now extending into Hong Kong. Cheers! Lets not compare modi to Lee kuan yew. Democaratic rights and free speech has gotten bad to worse in the last 6 years. nobody internally is covering farmers protesting from last three months because all the mainstream media is owned by big biz who back modi financially and have benefited from these privatization moves. lawyers and teachers are also protesting all over. Few people who do speak out are harrased with sedition charges or at least by income tax department. https://time.com/5942125/women-india-farmers-protests/

Without having to be too political, modi has increased hindu muslim divide in india. Ecnomically speaking modi governement is not doing anything good for India. Middle class is in worse shape than it was before modi took over . Selling off governement owned entities has created collusion like situation . eg railroad has tripled fares in the last few months when unemployment is high and same thing with gas prices are higher today than they were when crude was at $140.

they probably did nothing. they like to make money hard way. lets see, hope i am wrong

Great. Thanks

Hi, I'm thinking of using RRSP money for real estate . I have already used the first time home buyer plan. Any ideas?

my holding period is not forever. i got a day job and i am investing money to send kids to university and retire in the next 10-15 years.. So this idea of lumpy returns where you make money once every ten years dont make sense and market and i will not pay premium for that. buy brk and i can go to sleep and not worry, i am not sure if most of us can say that abt ffh.

Brk and ffh no comparison, Brk buying stock at 1.2* book, ffh selling around book. Brk underwriting better than ffh. Ffh borrowing money and declaring dividend, never made any sense. If you think about it, where ffh would be if they hadn't made money on their cds few years ago. The only time they made real money last 10 years. Regards

thanks

any good place to sell USD in vancouver? most banks charge about 1.5 cents. I find it a bit steep. suggestions would be aprreciated. thanks