gfp

c'mon Blake, you are killing me with this idiotic QE stuff. At least do some reading on the mechanics of what exactly "QE" and "QT" are. If you are obsessed with money creation being a problem, focus on the fiscal.

Last week I noticed this Berkshire Hathaway Finance shelf registration renewal used Baker McKenzie and didn't think much of it but thought it was maybe the first time I had seen a big firm other than MTO. Seems like Barrons is picking up on the change - https://www.sec.gov/Archives/edgar/data/1067983/000119312525018070/0001193125-25-018070-index.htm https://www.barrons.com/articles/berkshire-hathaway-baker-mckenzie-munger-2bd55504

That's right - if you can get to 10 on your own, getting to 50 is usually just a matter of staying alive for a long time. I'm not sure I agree that 7-10 is some 'happiness sweet spot' though. It should certainly set your mind at ease as far as financial matters go but you know what they say... $8 mil aint what it used to be...

I was distracted by a locked heat pump compressor and still managed to get a fill at 1925 CAD. Looks like some trades went off below 1900 this morning but not me.

All these posts arguing about tariffs and not a single post about Kendrick winning all his categories at the Grammys sporting a Canadian Tuxedo! A rough weekend for Canada

There are no extra points awarded in this business for degree of difficulty. Keep it simple and focus on a few things you come to understand deeply. Even Buffett, who is a top rated, very large, corporate issuer of grade-A interest-only Japanese paper, only uses the proceeds to fund Yen based investments in Japan (although several of those trading companies have significant business in USD as well).

I think the linked thread is old and the survey is broken. There have been several of these threads over the years. I think the link below is to the most recent bell curve distribution and working poll ->

From someone who doesn't follow this situation particularly closely - my question is: Does the envisioned "private" version of Fannie and Freddie still issue de-facto government guaranteed MBS? Or is this envisioned as fully private companies with some vague "too big to fail / systemic" sort of "guarantee"?

I couldn't find a thread on RLI so I'm going to put this here on an old insider purchases thread. Someone should make a thread on RLI (not me)! They have been crazy good underwriters for decades. Any of the old timers on this board remember "Harry Long" ?? He used to post about RLI here a long time ago. I always got a kick out of the original name of the company standing for "replacement lens insurance" - as in: Insurance for your contact lenses! Anyway- they got downgraded by some analyst and the insiders have been all over the stock this week: https://www.dataroma.com/m/ins/ins.php?t=m&po=1&am=0&sym=RLI&o=fd&d=d

Bulkheads baby! There's a reason Pacificorp can be bankrupted without taking down BHE, much less BRK.A.. An LLC for every project and a chase ink rewards card sign up bonus for every LLC. A chicken in every pot sorry for off-topic - back to Fairfax

Oh yeah! We bought a huge umbrella policy from USAA right after the first time we were sued! Ignorance was bliss but umbrella coverage with your main carrier is really pretty cheap

From what I can remember of Miles Davis' autobiography, Miles sure did! But yeah, love Bill Evans. I grew up listening to this era of jazz

I mean, I feel like most people buy insurance because they are required to by a law or a lender protecting their collateral.

The low this day ended up being $252.16. Chubb reports earnings after the close today

Nothing specific - just in general the Indian stock market looks to be headed lower and I guess I expect it to continue for a while.

https://archive.ph/Ar7Ax NormR article on one of our members here - congrats on 5 years Trevor Scott / Tidefall

earnings season is starting - good results from BRO https://www.bbinsurance.com/news/brown-organic-revenue-growth-of-13-8-diluted-net-income-per-share-of-0-73-and-dil/

The same amount of money bought NVDA today as sold it. These rotations happen when the go-go names get spooked. Berkshire stock usually ramps. Sometimes it lasts. Usually not

Yeah, I feel like this 5 handle on 20 year treasury bonds would have been hard for him to resist but we'll see!

If Fairfax India "wins" the deal I think it's a near certainty that CSB gets merged into IDBI and IDBI is the brand name that survives. I think that is a requirement. I don't think it solves anything for the sellers if CSB pays in new stock, so I doubt that is likely. I think you see FIH.U buy what it can, however those funds are obtained, and FFH parent company provide a chunk of capital and then the usual co-investor friendly partners that FFH regularly goes to. Maybe Oaktree "loses" and co-invests, maybe FIH.U places new shares at $20 to raise some capital (I doubt it). The participation of certain Canadian pension funds on boilerplate friendly preferred stock deals would not be surprising! I don't think Kotak Mahindra "wins" for the reason mentioned above - I think India wants IDBI to continue as the brand name and the surviving institution and I don't think Kotak Mahindra Bank does that but we'll see.. The more time that passes before this potential deal closes, the more capital both FIH and FFH have available. Market conditions don't seem right for an Anchorage IPO at the moment but isn't that still on-deck at some point?

The Warren Buffett's of the world need a turn getting stimulated! Poor people had their 6 months in the sun

Anyone could have signed up. They mentioned it at the annual meeting. I assume thomas cook india did the booking

You're smart and I'm right so sooner or later you will come around to the truth. Basically everything you wrote above is incorrect. ( but extremely conventional )

Did anyone on this message board attend the Fairfax India investor tour / trip this year? I know Sanjeev went years ago. Who went this year?

Just remember - for the most part - the Federal Reserve doesn't really have the ability to create new money. Private banks and the Federal Government do - but basically the "Fed" does not. The Fed can use their tool-kit to try to influence the amount of credit extended by private banks - but they are often simultaneously working against their goals. Demand for credit and creditworthiness are the primary drivers of private bank money growth. The government's deficit stimulus is obviously the primary driver of "new dollar money" into the system and the Fed's main tool, hiking up interest rates at the end of the curve the government primarily borrows at - increases the deficit stimulus into the private sector.