gfp

There are no extra points awarded in this business for degree of difficulty. Keep it simple and focus on a few things you come to understand deeply. Even Buffett, who is a top rated, very large, corporate issuer of grade-A interest-only Japanese paper, only uses the proceeds to fund Yen based investments in Japan (although several of those trading companies have significant business in USD as well).

I think the linked thread is old and the survey is broken. There have been several of these threads over the years. I think the link below is to the most recent bell curve distribution and working poll ->

From someone who doesn't follow this situation particularly closely - my question is: Does the envisioned "private" version of Fannie and Freddie still issue de-facto government guaranteed MBS? Or is this envisioned as fully private companies with some vague "too big to fail / systemic" sort of "guarantee"?

I couldn't find a thread on RLI so I'm going to put this here on an old insider purchases thread. Someone should make a thread on RLI (not me)! They have been crazy good underwriters for decades. Any of the old timers on this board remember "Harry Long" ?? He used to post about RLI here a long time ago. I always got a kick out of the original name of the company standing for "replacement lens insurance" - as in: Insurance for your contact lenses! Anyway- they got downgraded by some analyst and the insiders have been all over the stock this week: https://www.dataroma.com/m/ins/ins.php?t=m&po=1&am=0&sym=RLI&o=fd&d=d

Bulkheads baby! There's a reason Pacificorp can be bankrupted without taking down BHE, much less BRK.A.. An LLC for every project and a chase ink rewards card sign up bonus for every LLC. A chicken in every pot sorry for off-topic - back to Fairfax

Oh yeah! We bought a huge umbrella policy from USAA right after the first time we were sued! Ignorance was bliss but umbrella coverage with your main carrier is really pretty cheap

From what I can remember of Miles Davis' autobiography, Miles sure did! But yeah, love Bill Evans. I grew up listening to this era of jazz

I mean, I feel like most people buy insurance because they are required to by a law or a lender protecting their collateral.

What happens to this analysis when book value approaches zero and passes into negative territory? Surely it will happen soon enough at Apple [ticker AAPL for those playing at home]. This simple calculation will be distorted when Apple's book value is one dollar and kind of useless when Apple's book value is negative 50 billion dollars. At what point does Apple's reported Return on Equity stop having useful analytical value? Is it $100 billion? $40 billion? One dollar? It might be that a super simple calculation, whether it is price to earnings or return on equity, is not really the end all be all.

I'm curious what percent of your net worth your largest single position is?

The low this day ended up being $252.16. Chubb reports earnings after the close today

Nothing specific - just in general the Indian stock market looks to be headed lower and I guess I expect it to continue for a while.

https://archive.ph/Ar7Ax NormR article on one of our members here - congrats on 5 years Trevor Scott / Tidefall

earnings season is starting - good results from BRO https://www.bbinsurance.com/news/brown-organic-revenue-growth-of-13-8-diluted-net-income-per-share-of-0-73-and-dil/

The same amount of money bought NVDA today as sold it. These rotations happen when the go-go names get spooked. Berkshire stock usually ramps. Sometimes it lasts. Usually not