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gfp

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Posts posted by gfp

    Kuppy on Inflation

    in General Discussion

    Posted · Edited by gfp

    Man, looking back at the holdings he had before he closed down the first version of Praetorian, I haven't found a single holding that is even still publicly listed

     

    International Monetary Systems, Ltd

    International Commercial Television Inc

    Bingo.com Ltd

    Timberline Resources Group (still public at .047/share)

    DAC Technologies Group International, Inc

     

    There are no extra points awarded for degree of difficulty or obscurity in investing.  Hopefully that is the lesson he learned from the first go round.  He still dabbles in little shitcos like Surgepays, which isn't going anywhere long term but is scrappy and trying to exploit some government subsidy for poor people to get online on a cheap tablet.  Praetorian's SURG position reminds me of his old style.  (and I would be surprised if it still listed 10 years from now, much like the names above)

    Berkshire Hathaway Energy

    in Berkshire Hathaway

    Posted · Edited by gfp

     

    I was traumatized by the fire, "PacifiCorp's Fire"

     

    "

    The latest verdict on behalf of nine victims includes damages for both economic losses and emotional distress. The company had already been found liable in the previous trial for failing to heed weather warnings and shut off electricity in its service areas ahead of a wind storm that toppled power lines. 

    "

     

    “Each of them in this trial told you about the enduring trauma they had suffered because of PacifiCorp’s fires,” the attorney, Nicholas Rosinia, said Monday. “This is an extraordinary case full of extraordinary stories of survival and of bravery and of life-altering loss.”

     

    https://www.bloomberg.com/news/articles/2024-01-23/berkshire-fire-tab-grows-62-million-after-more-victims-testify?srnd=premium

    Have We Hit The Top?

    in General Discussion

    Posted

    30 minutes ago, ValueArb said:

    DWAC has broken over $50 since its PIPE fell apart. Seems like an easy short, but no idea what happens if Trump wins the election. 

     

     

     

    There are definitely not any shares available to short

    FNMA and FMCC preferreds. In search of the elusive 10 bagger.

    in General Discussion

    Posted · Edited by gfp

    Who knows what Trump would have gotten done if COVID hadn't have come along.  Once it did, Trump was checked out and Mnuchin was too busy and understaffed to handle much else.  No indication so far that Mnuchin would come back for a 2nd Trump term so you have to wonder what kind of goofball cabinet he ends up putting together.  I'm not even sure Kushner would come back and that would be kind of scary (to not have Kushner).

    Latest MashUp

    in General Discussion

    Posted · Edited by gfp

    Thanks DamienC.  I looked at both your mash-ups.  Just a suggestion - if you are going to post these regularly maybe just reply to your own topic/thread instead of creating a brand new thread with each post.  I don't know about the self-promotion angle, but it seems to be free so as long as it stays free you might be OK there.  

     

     

    Cryptocurrencies

    in General Discussion

    Posted

    4 minutes ago, SharperDingaan said:

     

    The story goes that some folks went for an evening cruise on the Baltic. Supposedly the very early stage miners, BTC mining for them had just been the cool 'new' thing at the time; but they were now all moving on, and their wallets contained thousands of BTC. The US was closing down the silk road, was one of the largest holders of BTC, and there was a need for a graceful way 'out'. The various digital keys got put on USB sticks, and to the clink of champagne glasses, all the sticks were dropped into the sea; salt water ensuring non recovery of the keys, no matter the temptation.

     

    SD

     

    And then many years later the corroding usb sticks finally rusted through the Nord Stream pipeline and she blew?

    Cryptocurrencies

    in General Discussion

    Posted

    1 minute ago, ValueArb said:

     

    IIRC Satoshi supposedly had hundreds of different wallets containing BTC and AFAIK none have ever been touched. If that is true, he would have had to lose all the keys to every wallet. 

     

    Thanks.  So very rich or very dead.  Reminds me of the gold bugs that bury the gold in the back 40 but don't trust anyone with the information and die.  

     

    Fairfax India new issue

    in Fairfax Financial

    Posted

    Modi recently inaugurated a new global engineering and technology campus for Boeing directly next to Kempegowda Intl. Airport in Bangalore.  I don't think this is on land owned by Anchorage but it is directly next to the airport, which seems like another positive for the investment.  

     

    https://timesofindia.indiatimes.com/india/pm-modi-inaugurates-boeings-largest-campus-outside-us-in-bengaluru/articleshow/106985702.cms?from=mdr&from=mdr

     

     

    BIAL Boeing.png

    Buffett's investments in Japan

    in Berkshire Hathaway

    Posted

    4 minutes ago, Xerxes said:

    Last year in the letter, Buffett removed the usual table with top ten positions. It was presumed (after the Tokyo trip) reason being to hide the increasing ownership of the 5 Japanese companies. Not sure if that assumption had any merit, unless he was going to basket them as one line item. Or maybe one of them was showing up as the 10th largest holding and he didn’t want to show just one. 
     

    in any case, I would love to see the table back in this year’ letter. And for him to put the Japanese investment in context with the rest.
     

    Yes, one can do that on its own. But prefer to see it from the master. 

     

    Three of them were already appearing the year before when he did include the top 15 table -

     

    Screenshot 2024-01-21 at 6.48.06 PM.png

    Kuppy on Inflation

    in General Discussion

    Posted

    19 hours ago, Gmthebeau said:


    If everyone feels he is so great you should invest in his fund.  Buying research of ideas, which as I understand are not recommendations, seems like a waste.  Better to put your money directly with the source if you believe in him.

     

    His US fund has a $5m minimum for new investors.  Maybe some of the big guys or offshore investors could slide in.  I think the "newsletter" product, KEDM, is primarily special situations, event-driven, arbitrage type ideas.  It is a monitor of all the potentially compelling current event driven situations.  I haven't seen many of these in his actual fund but he does allude to the event driven book in his letters.

     

    I don't know what the idea is behind KEDM, but if it helps pay the salaries of a team of researchers that are also working for the fund then there is something helpful there.

    Insider Trading?

    in General Discussion

    Posted

    Well said Saluki.  And incidentally, the best part of those panhandle planning meetings is that, not only are they all videotaped and archived online, but they actually make and  publish a computer-generated transcript of the meeting - and the whole of all of the transcripts is searchable by text phrase!  So you can search for anytime someone says something that a computer might think sounds like St. Joe or Topgolf or Watersound or whatever and instantly be taken to all of the video clips where the words were said.  They really make it easy down there.  

     

    Not like that goddam texas railroad commission website.  I hate that thing...

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