gfp

Well he hasn't exited his 120k contract call position. No way to sneak out of that one - he is almost the entire open interest.

There wasn't 3k of volume at the 185.10 price. There wasn't really 3k of volume at all, since most 1 share volumes reported on A-shares are actually tiny fractional share purchases. The stock is halted for the glitch and no shares will actually be transacted at 185.10

I don't see that one - can you provide a screenshot of time and sales for FFH that shows what you are talking about? edit - OK I think I see it now but not in the T&S I have. I see 74,217 shares traded just after the close at 1534.31 I suppose it is possible / likely that these large crosses are just the routine stuff related to the various TRS counterparties.

Howie did a video interview with yahoo - https://finance.yahoo.com/video/warren-buffett-son-talks-800m-120037116.html

I just noticed there was a 25,000 share trade in FFH yesterday. Looked to be initiated by the buyer but obviously there was a buyer and a seller. That's a large single trade for Fairfax -

Sounds like Munger's advice - you aren't going to get too many trips to the pie counter so you ought to serve yourself an indecent helping when you find yourself there.

Decent volume today for this one - easy to get a fill on orders for a change. Get in there!

It's time for another edition of "can the 2 year hold with a 5-handle for more than a day or two?!" My argument for some time has been that there is a wall of buyers at 5%. https://www.cnbc.com/quotes/US2Y https://www.cnbc.com/bonds/

"these companies also have float" wasn't a catchy title

He's blown up a few funds so it isn't easy to see his actual track record. If you start over in 2019 your "track record" magically resets! Poof!

Well that one looks like Kuppy. That's a Tulane University-quality record right there.

The point is to look at all of the Form 4's for purchases every day. That is the way you come across things you don't specifically know to look for in the first place. I've been doing it for a while, so I primarily use this old website because that is what I am used to: https://www.insider-monitor.com/insider_stock_purchases.html (on the above site, you click the date of the filing to get to the source document at sec) Most people these days use http://openinsider.com dataroma has some insider purchase information at the bottom of the home page but it is only purchases on "guru" stocks or whatever they call it. Over time you will learn to read the filings and understand which are meaningful and which are just share grants, option exercises, people like Horizon Kinetics / Murray Stahl who buy the same securities every single day, CEF arbitrageurs, etc..

Thanks Charlie for the color as always. Wishing Angela a speedy recovery. As for waiting on a dip to invest, it does help to either have a watch list, or what works better for me is just a few shares of each broker so that you see the decline on your screen when you log in to your broker. There was a brief opportunity in late 2022 in RYAN specialty that was immediately followed by Form 4 insider buying from the CEO - that's always a nice green light. (one of the reasons I have religiously looked at form 4 insider purchases every day for my entire career is that you can get alerted to a drop in price followed by insiders bingeing on share for companies you wouldn't have noticed or been aware of any other way - you also get to know insiders in certain companies that are always great signals. Selling gives you no real useful information but an insider purchasing additional shares in the open market with their own after-tax hard earned cash - when they likely already have a significant portion of their net worth tied up in the stock - can be a really great screener or lead generator or whatever)

So, if your largest positions are Tesla, Apple and Amazon in that order - 2022 was going to be a bad year for you. I'm not sure why they were down 50% but 2022 had a very high-mark -> low-mark timing as far as where tech stocks were on the calendar dates. Berkshire had a large reported net loss for 2022 for similar reasons (not 50% of net worth of course!) I would be most concerned about a "value investor" that held Tesla as the largest position through that period (and still does). Some people are born into billions of dollars and countless high-level finance connections and can become "money managers" with slightly fewer road blocks than the average joe. Imagine how the clients and manger were feeling at year-end 2021 -

I know who this is and will just update that they managed $110.8 million as of the beginning of this year.

What do we have here - Dale Earnhardt statue, bank of america stadium and some barbecue - I guess North Carolina, United States

Their argument was great, "fintech unicorns have plummeted in value" followed by, "this isn't even a high tech fintech - it's an insurance company!"

One of MidAmerican's wind farms in Iowa was hit by a recent tornado there. Looks like only 5 turbines were destroyed but it made me wonder if MidAmerican buys insurance for this type of thing and if BRK parent writes the insurance. https://www.euronews.com/green/2024/05/23/powerful-tornado-topples-wind-turbines-in-us-experts-say-such-destruction-is-extremely-rar drone footage of a tornado here https://www.techeblog.com/drone-tornado-wind-turbine-iowa/

I don't follow any of this FNMA/Freddie stuff closely, but I will just point out that Trump was completely checked out once COVID messed up the pretty picture he was trying to paint. Mnuchin was basically running Treasury without much input from Trump and Mnuchin was busy micromanaging the COVID response with Jay Powell.

I wouldn't expect much, if any, change to FFH book value from the Digit IPO.

Someone asked Tom Gayner about why MKL references EBITDA occasionally in their reports, especially as it relates to the MKL Ventures type stuff. Start at 1:32:40 timestamp or thereabouts on this video for the question. He eventually gets to why they still use it sometimes. It is part of the language of private businesses, private business brokers, etc. Make your own adjustments but cash flow available to pay debt and ownership has its uses -

Exactly. Sounds almost verbatim from one of my 'driving the kid to high school' morning lectures from years past. Even a group of dumb high school kids could grasp this simple concept despite having no idea what an amortization table or anything like that was.

I think they are just referring to the use of EBITDA in providing color on some of the unconsolidated marks on the balance sheet - private stuff, investments in associates, equity method stuff. Prem isn't using EBITDA to discuss insurance company results as far as I am aware.

https://www.prnewswire.com/news-releases/cbc-bancorp-announces-the-acquisition-of-bay-community-bancorp-302150591.html