gfp

Crips a big baller, they need at least 19% or they don’t get out of bed in the morning. Me, I would accept that 17% for 40 years because I have more modest aspirations

That's great. I was more concerned about the customer service / business process outsourcing / call center stuff. Maybe Wipro and InfoSys type of companies have evolved successfully with the AI / data center revolution and will actually be a positive for Bangalore. A white American sitting in New Orleans isn't going to be able to figure it out that's for sure.

Oh man, John - you gotta ask for the pills next time. Then you only have to drink water not that nasty stuff. It could be worse, though - Cubs and I are headed to Omaha for Woodstock for masochists -oops- I mean "capitalists"

And I'm sitting here with capital tied up in these 25% down, "investor" mortgages thinking why didn't I think to tell them I was moving in and then just have a change of plans? How stupid

Does that lady fed governor represent POTUS's opposition or something?

Sort of ironic that the case was about lying to lenders to obtain better terms on real estate borrowings given the current week's angle against that Fed governor lady

New Apple store opening in Bengaluru - https://www.macrumors.com/2025/08/21/apple-hebbal/ https://www.apple.com/in/retail/hebbal/ complete with limited edition Bengaluru wallpaper for your phone, iPad or mac. ----- On another note, a friend pointed out to me that Bangalore historically has been very big in the types of industries most vulnerable to being disrupted by the early use cases of AI - employers like Infosys, Wipro, etc.. I haven't really given it much through but my friend is smart so I thought I would post it here and see if anybody knowledgeable has a point of view on the vulnerability of Bangalore's economy to this type of disruption. I realize they are much more diversified nowadays but I'm not really familiar with what percentage of Bangalore's economy / employment is in this Infosys/Wipro low-hanging fruit so to speak.

that's a new one for me

Berkshire has done this for many years and hired some of the best people in the space to run it for them. Mike Fowler was running it last time I checked. He ran a large affordable housing tax credit / tax equity business for someone else before Berkshire hired him. Berkshire is purely providing capital for a tax equity investment because of their large tax appetite. Here is an article with some background on Fowler and Berkshire - https://www.chicagobusiness.com/article/20120412/NEWS03/120419922/oracle-of-omaha-invests-in-chicago-area-affordable-housing (to be clear - by having this division in-house, Berkshire is creating tax credits and USING THEM themselves, not selling them like many other participants in this industry do. I have done some of this with historic tax credits and when I don't have a tax appetite myself and don't have a partner on a deal that signed up to get the credits, we sell the state portion of the tax credit for around 87 cents on the dollar. The federal historic credits are not transferrable so you need a partner in the deal to use them. I don't know how affordable credits differ but it is probably similar.) edit: this is the dude - he is number one in his field I believe https://continuitybiosciences.com/team/mike-fowler/

There are a bunch of places Berkshire investment positions can live and only a few categories that are required to be disclosed. I would assume these investments are owned by IMC (Iscar).

It seems that only a portion of the financing is denominated in RMB "During the three months ended June 30, 2025, the Company entered seven vessel financing arrangements for 15 containerships ranging in size from 11,400 to 17,000 TEU and four PCTC vessels ranging in size from 7,000 to 10,800 CEU for aggregate proceeds of $2,778,682,000 of which $775,432,000 is denominated in RMB. The sale-leaseback financings have terms ranging from 9 to 17 years and the Company has fixed rate purchase options on all 19 vessels some of which can be exercised immediately after delivery of the vessel. In addition, the Company has purchase obligations for five of the 19 vessels. Lease payments are based on fixed rate or variable based on a benchmark rate plus a margin adjustment."

No problem Bill. Here is General Re if you want to see that one. I haven't pulled Columbia or Berkshire Specialty this quarter. Gen Re doesn't usually have much investment activity but often holds whatever European investments BRK makes. Gen Re Q2 25 22039.2025.P.Q2.P.O.2.5016700.pdf

Thanks for sharing that. Interesting that they are increasingly financing in RMB, where rates are lower.

20m Apple shares were sold at avg. price of $201.80/sh. Small additional purchases of 4 of the 5 Japanese sogo shosha (no Itochu) I will attach the whole NICO naic file for anyone interested. How do I get Wells Fargo to pay me 4.486% on my checking account like they do for Ajit? NICO Q2 25 20087.2025.P.Q2.P.O.2.5028871.pdf

I guess you are right about him not raising a ton of money near the top. It looks like the highest his AUM reached was $382m in May 2024. It was $197m year end 2022. Down to $283m end of July 2025. So 26% off the high but I don't know how much of that was redemptions. Basically flat for 4 years

"Another thing I think should be avoided is extremely intense ideology because it cabbages up one's mind... when you announce that you're a loyal member and you start shouting the orthodox ideology out, what you're doing is pounding it in, pounding it in, and you're gradually ruining your mind." Charlie's quote seems to apply. Having a big public presence on your big portfolio positions doesn't make it easier to change your mind or think critically about your largest positions. If I were an investor in this fund, the constant reboots and stated desire to run the fund more like a personal account and use the "gut" more wouldn't make me feel more comfortable. He has a money weighted return problem. If you raise a bunch of money and then underperform, the actual results are a lot worse than the reported results. Just ask Pabrai.

NUE, UNH and a couple homebuilders. Tiny position in Lamar - so much for 1 confidential stock - these are all T&T buys These were the confidential positions. The media needs to stop assuming confidential positions are one big Buffett sized position -

And replacing it with Kraft Heinz and Canfor... Don't backslide Hamblin Watsa!

Here is Atlas's Q2 filing. Is this the last one they will post publicly for a while? https://app.quotemedia.com/data/downloadFiling?webmasterId=101533&ref=319373911&type=HTML&symbol=ATCO&cdn=79b0ee21daf0ce5d533273b21851906f&companyName=Atlas+Corp.&formType=6-K&dateFiled=2025-08-13

Odyssey Re Q2 NAIC filing attached. Page 77 shows stocks acquired during the quarter and page 79 shows stocks sold during the quarter. Here are some stocks acquired: Here are some stocks sold: ODSY RE Q2 23680.2025.P.Q2.P.O.2.5018663.pdf

https://professionalwatches.com/warren-buffets-berkshire-hathaway-forms-bh-jewelry-group/

gulf of america baby!

folding money? I don't know the origin but down here in the Deep South we have a lot of expressions that are kind of redundant in a cute way. Instead of hose, like a garden hose, you hear "hose pipe." You hear old timers say "silver dime." Or "turkey bird." "eating pear" And one of my favorites is "sitting chair." Maybe folding cash / folding money is like those. Somewhere above pocket change

Dude likes to stay diversified and have some folding cash to impress the wife

just because you call them "variable rate mortgages" doesn't mean you don't do them.