gfp

That's impressive they know the future. Super valuable skill to have

I'm just picturing James engaging in this argument, pausing for a second to check is brokerage account, up 7 figures on the day, OK, back to the debate...

You didn't actually pay the babysitter in Bitcoin did you? That's what venmo is for Longnose

Well since the company just bought $304 million USD worth of shares from him for cash I suppose he won't be pushing for another dividend increase.

It looks like NVO to me?

This? https://fred.stlouisfed.org/series/CIVPART

Just to update on this - I heard back from Fairfax tonight and any gains on the total return swaps on Fairfax's own share are taxable in Canada and it is incorporated into the tax provision in the financials.

It's not a great week to hang around in popular short positions!

It seems clear to me that it is good for Natural Gas but Oil I don't think so. Many producers get uneconomic gas as a byproduct so maybe gas perking up helps "oil companies"

Sorry I had to shut that rally down by channelling my inner Bruce. My apologies to the Johnny-come-latelies.

That sounds plausible. The shares are very illiquid so any new interest that isn't willing to chip away a few hundred shares at a time is going to move the price abruptly - especially market orders on the open! Trump and Modi get along and Trump is less likely to call out Modi for his less-desirable traits. Anything more threatening to China probably helps India as a primary beneficiary of diversifying away from China - that is probably also a big factor. Kempegowda airport numbers have been coming out gangbusters - coming back faster than other top airports in India. It appears that the 2nd Bengaluru airport will need to start development before the first one's exclusivity period ends - which makes it very likely that Anchorage or BIAL or whatever is the developer and operator of the 2nd airport as well.

This line was weird - " Fairfax also continued its share repurchase program, spending $678 million in the quarter" Pretty sure it was more like $189 million in the quarter. Do we know who this manager is? A board member here? Underperforming the S&P 500 by over 10% annually over a long period of time is a tough sell

Just ask Warren Buffett

you meant to say "can't" ?

Imagine that - stimulating with lower long rates while simultaneously stimulating by pouring interest income into the private sector. Too bad commercial real estate loans are tied to the prime rate / sofr.

So this has me thinking - what can Trump do to influence interest rates while he waits for Powell's term to expire. He can instruct his treasury secretary to starve the market of longer term paper - concentrating even more of the government's borrowing in bills. Hmmm

Trillion dollar Triage is a great book. Don't think J.Pow is going anywhere! This will be entertaining at the very least.

So Jay Powell just said several times that he wasn't going anywhere until May 2026 - I thought that was pretty interesting!

There is also a situation progressing where Bangalore needs to start on the second airport before Kempegowda's exclusivity period expires so most likely Anchorage will get the opportunity to develop and operate the 2nd airport on the other side of town. Airport City development plus traffic roaring back to above pre-COVID peak. Got some good stuff cooking The potential large bank deal looks like a 2025 announcement. I'm OK not winning that one.

but who’s gonna build the houses?

Berkshire is such a huge cash tax payer with large unrealized gains so Berkshire is very sensitive to any perceived move in the corporate income tax rate. Capital Gains tax rates apply to individuals not corporations. I suppose if Fairfax is going to hold a chunk of CLF for a while it's good to see them trade up. Automotive outlook isn't great but I guess Stelco dilutes their exposure to automotive OEMs.

Trump is the ultimate curve steepener - pressure on the Fed to lower the short end (and new Fed chair taking a dovish vow of loyalty) coupled with higher rates at longer maturities. Plus less regulation and low taxes but that is not bank-specific per se

I only use it on stock where there is a big spread. I often get fills that don't show up on the chart that are better than the stock officially trades at. Sometimes it takes a while but this morning the fills have been very good and pretty quick. A lot of the stuff I trade won't execute on the bid or the ask and if I calculate the midpoint and put in a limit sell it will just move the ask and signal the market I am trying to sell.

Using that IB mid price algorithm to sell a bit of Nelnet before earnings. Up a lot this morning.

Well I should have held on to my Nov. 15 92-strike TLT puts a few days longer but besides that - Here is a thread for some investment themes that will benefit or suffer during the new Trump administration. It is not clear to me how Trump becoming president again is positive for Tesla or DJT stock - two early pops on the news. I am tempted to fade both rallies. DJT especially seems to be a very tempting sell for the president-elect. Why is Trump's second term a positive for DJT or TSLA shares? Initial market moves are long-term interest rates higher. Oil prices down (bad for that industry). BTC up.