gfp

https://investor.ormat.com/news-events/news/news-details/2026/Ormat-Technologies-Announces-the-Signing-of-Geothermal-Portfolio-PPA-of-Up-to-150-MW-to-Support-Googles-Data-Center-Operations-Through-NV-Energy/default.aspx

You are neglecting to factor in Class B stock. Those are the approximate percentages for insider ownership of class A

I would be surprised if we don't see some type of substantial insider purchase of RYAN shares by Pat in the very near future. He has taken an interest in buying the stock to signal in the past and he has plenty of resources, even during the giant sucking of liquidity known as tax season.

The large US companies are almost all global enterprises so it stopped being super useful to compare their market cap to just US GDP. But nobody thinks we are at generational lows in valuations so there are no shocking revelations that the "buffett indicator" is high.

Decently large asset sale announced at Pacifcorp - https://www.connectcre.com/stories/berkshire-owned-pacificorp-sells-wa-assets-to-portland-general-electric-for-1-9b/

Looks like Ted or Todd aggressively trimmed the AMZN stake in Q4. Buffett added a bit to CVX and CB, not bad. GOOGL unchanged. Steady sales of AAPL and BAC continued in Q4 https://www.dataroma.com/m/m_activity.php?m=BRK&typ=a

And another million bucks at WTW https://www.sec.gov/Archives/edgar/data/2028612/000114053626000024/xslF345X03/form4.xml

KW Management Group will have operational and effective control of the company despite Fairfax owning the vast majority of the equity.

I think I have a pretty good handle on it. I'm not surprised by the percentage of people on this board that don't work for someone - there are plenty of full time investors, self employed hustlers and retirees on this board. I'm surprised by the percentage of the people who I know have full time jobs that spend so much of their time during the work day not doing whatever that job they are being paid a full time wage for is. Kind of dovetails with that big trend during the pandemic remote work era where people were taking two full time jobs with two full time paychecks (and carefully keeping it a secret on LinkedIn so their employer(s) wouldn't find out) because who really devotes a full work day to their employer when working from home?

These two-part podcast interviews with Robert Friedland (mining executive, Ivanhoe, etc) & Jeff Currie (Carlyle, energy) are from the Davos time period, so not brand new, and may have already been shared here. But I finally got around to listening to the interviews and thought they were very good. They are audio only. Maybe good for a car ride. Alternatively you can get your AI of choice to listen to them both, summarize important points and then do a Q&A about them. Part 1 is here. I'm sure if you make it through part 1 you will be able to find part 2 with your brain. Skip ahead to the start of the interview

I would buy protection, volatility. Continue with scarcity trades from the physical world. Small value over mag7. I would expect some major freak outs around the monetization narrative of the hyperscalers' big AI spend - think of it as a cascade of multiple "deepseek moments"

The S&P is barely off its highs. Leverage is extremely high. Credit spreads are just coming off record tights. Bond market is rallying in the face of "strong jobs numbers" and high nominal and real GDP growth.

Once again, I highly recommend investors take the time to listed to Jordi Visser's entire free video each week. Easy to skip past his paywall product descriptions and into the extremely valuable summary of market trends and AI. There is a ton of turbulence underneath the indices that are still very near their highs and we are vulnerable to a large deleveraging / de-grossing volatility event. https://www.youtube.com/@JordiVisserLabs/videos

Investor AB nibbling on NDAQ https://www.sec.gov/Archives/edgar/data/1120193/000119312526051227/xslF345X03/ownership.xml

WTW: https://www.sec.gov/Archives/edgar/data/1900425/000114053626000022/xslF345X03/form4.xml

Yeah, I assure you our tenant farmer is not earning a good return either. And we must be about as low cost a producer as we could be - land inherited with next to zero cost basis, property taxes dirt cheap, no debt, $300 per year accounting expense.

Half a decade ago!!!

No, that was the high end of a range for a.) large accounts and b.) property coverage (likely in cat exposed areas like gulf coast / FL)

I mean, they gave Demmis a freaking nobel prize for the protein folding problem so that would be the next ancient example that comes to mind...

Honestly I company like CoreWeave is probably more likely to go bankrupt than some software company people are worrying about today. Decent chance the neoclouds for AI that take on debt to please their masters are the patsies

What in the world is the use of debating problems that Ai solved over a decade ago as a way to understand today or next month or two years from now?

The best defense for AI disruption is not needing a white collar / knowledge worker job. I am amazed by how many posters on this message board are looking at markets all day and posting here constantly and still apparently have full time jobs they are drawing a paycheck from an employer for. What percentage of your time are you even devoting to your W2 work??? I've always found that crazy. No clue what many of you do for a living but it certainly doesn't appear to require very much of your time or attention

They all have their pros and cons and they tend to leapfrog each other. For me, today, Gemini 3 Pro is very slow on the server side. Reminds me of the old days of dial up internet, doing something else while you wait for a page to load. Claude Pro with Opus 4.6 is very good, $200 per year plus tax. But to get the most out of cowork and associated tools you need to feel comfortable installing an AI on your desktop and even granting it some folder permissions - a lot of people will not feel comfortable with that. I also found that it is very easy to exhaust your token allowance if you assign it token intensive tasks. Then you have to wait a few hours to complete the task which is annoying if you paid $200. ChatGPT's newest model is a big improvement. They excel sometimes when Gemini struggles. I don't use Grok as often but have heard it is improving very quickly and is very good. Those are the big 4. Experiment with the free versions and see which ones you prefer. There is a big learning curve involved in getting the most out of each. The Gemini 3 Pro ecosystem also integrates with google drive and Notebook LM if that is a consideration

... that occurred 10 YEARS AGO