gfp

It used to be really difficult to buy and sell this stock, especially the A shares. I would use odd-lots that didn't move the bid (an even lot on this stock used to be 10 shares but that seems to have changed around the time they joined NYSE Texas). Recently I have used IB's mid price algorithm with a limit - but even that is not needed with these stupid buyers. I just use limit orders over and over this week. 4 shares at a time. Mostly A shares because they are trading at a large premium to the B-shares. I've sold a ton of stock into this move with no liquidity issues whatsoever - as long as I am patient with my 4 share lots and set limit orders above the price. I'm starting to enjoy it! Ask me again at tax time next year 4 shares at a time!

Traveller's is up! They said the magic word "AI" on their conference call so all good

Meanwhile the lowly USD continues to rally against JPY and Korean Won. Dollar shortage in Asia?

I feel like this is my only job at this point

That's a long post but did you include the trash / landfill companies? (WM, RSG, etc) Maybe the literal toll roads of pipeline companies? Aggregates queries (because shipping costs)?

Not if you're listening to this trump presser live right now! Sounds like a done deal

Don't worry, they are all going to buy F150s so we get the dollars back and they get the trucks

Who is buying my stock I wonder... S-3 filed on Friday night for an ATM stock offering of up to $500m. And yet someone keeps gobbling up my A-shares. Is it a robot I wonder?

So I own this teeny tiny company called LendWay, ticker LDWY. The name of the company is left over from a previous idea for the business being a specialty lender to the agriculture industry (went nowhere), before that it was a cash shell from selling their only business which was grocery store display marketing. I get a kick out of it because today the actual business of this company is Tulips (their operating subsidiary is a company called Bloomia). Tulip-mania! I love it. It's usually like a $5m market cap. Highly seasonal (valentines day, mother's day...) Today, for at least the third time, this company has been targeted by some kind of "low float" pump and dump scheme. It's been halted a few times for volatility circuit breakers and I've sold almost all of my position, again, in the mid to high 4's. Then basically each time I set an 'IB mid price algorithm with limit' to buy in the shares at $3.50 or below and the position usually gets replenished. It's actually not a bad company - just extremely highly leveraged from their buyout of Bloomia. Nick Swenson of AirT is in control of the company. AirT also just took over a tiny Australian airline, Rex (more like a bus system for tiny towns but on planes) for $1 from the AUS government. Strange move! Anyway, long way of saying I am selling all the LDWY *again* ! Deja Vu

We might not even hit 4.4% this time. My own mother just called worried about something she read on facebook about this "foreigners selling the dollar" stuff. She said "it said inflation will be so high even millionaires will be poor!" Okey-dokey whatever you guys say. This site is turning into my Mom's facebook feed!

If the moves in the Japanese currency and long bond yields have so much to do with Japan itself, why is the exact same thing happing in S. Korea? Perhaps there is something else going on

And what do you envision "much of the globe" doing with their USD proceeds from selling their treasury securities?

Haryana do you live in a country where you are taxed on unrealized gains on your investments?

Yes

Yes, there are essentially 3 sets of books. One for IFRS sedar reporting, one for tax accounting, and one for statutory accounting for insurance regulators. (just like Berkshire - the difference between cash taxes due a period and the ever shifting deferred tax liability)

Fairfax

As usual, I highly recommend everybody interested in this area watch the weekly (free) Jordi Visser videos. Its free https://www.youtube.com/watch?v=dKQciyNi_yg

And Mike I learned he was half Mexican, I thought he was just super tan this whole time. We should have been calling it Por-tee-O's!

Job growth is going to be flatlined for a long time. There is a brutal structural shift just staring in Labor. GDP is booming, that's why I stopped with my long bond trades.

I thought about doing more than a January trade in it but I ordered the founders book and the number of times he calls the business model super complicated convinced me to limit my involvement to a quick tourist pop and GTFO* *one of my early mentors used to always use this phrase, he said it stood for "Get the Funds Out!"

China doesn't need the latest chips because they have tons of electricity. That is how they will ultimately pass us. The bottleneck is useable electricity. They can keep up with brute force without the most efficient chips and most advanced models because of all the power they will have available

Another day at the office! I kind of love how nobody has ever asked me a single question about this business - besides "does sardar still pay himself a lot?" Like, "hey, what is this capitalizing a $600m+ bermuda reinsurance company with uncanceled treasury stock?" "has anyone ever pulled that off before?" "how much money did STORE capital just lend them against a subset of their owned real estate?" "was that mortgage more than the entire market cap when you bought the stock?" "is there any way for Sardar to become truly wealthy without the common stock price doing well?" "what has the change in GAAP (effective) share count been over the years?" or.. "how has the primary insurance division done growing earned premiums and at what combined ratio have they been coming in at?"

So far, it seems like the crappiest restaurant stocks one could find are the standout performers. PTLO (Portillo's) is the best one so far. CBRL also had GMT dumping shares daily going into the end of the year.

Thanks for posting the article. I guess someone needs to tell Ben Watsa he has to move to Mauritius to keep the capital gains taxes down... Fortunately for everybody, Fairfax India ought not to have any short term gains and the long term capital gains tax rate in India appears to be pretty reasonable (12.5% plus certain surcharges) - maybe something like 15%.

Haha - i just got an email about it today but didn't see it during the holidays