gfp

It's crazy in New Orleans - you drive through the projects (or whatever their official name is now) and almost every vehicle parked there is way nicer and newer (and cleaner) than mine. We have other vehicles, but I often choose to drive a 1998 tacoma with a manual transmission and a faded clear coat and I think the folks on the dole in the projects actually feel bad for me at the stop lights.

Over those 5 years the returns of the TSX are almost exactly equal to the S&P 500. The difference is the currency. Canadian dollar based investors made 16% on the S&P500 US dollar based investors made 14.6% on the TSX

"Short term" transitional pains could be the rest of your lifetime Reds.

We may have 3% GDP growth but we're going to have an issue if this persists. DOGE is over but AI's impact has barely started. Last night at dinner I heard several stories of recent layoffs. Two were non-lawyers at law firms and two in communications / marketing. Those were all AI-related, whether their employers framed it that way or not.

You know, Marco, some people work very hard all day every day for free! Even (especially) privileged young ladies who hit the marriage lottery with a successful soccer coach

Once again the SPY refused to break down! JPM didn't fare so well. Tomorrow should be interesting with 'hold over the weekend' risk and all that. Covered my short from yesterday when she looked tentative. As one of my early mentors used to say, ' when you don't like the action, GTFO ' (get the funds out!)

We were talking about your wife Marco. Keep up!

He seemed to indicate that the "heads up we are buying back shares" disclosure was a one-time courtesy because of the long period with no buybacks and the change in leadership. Markets have very short attention spans. BRK will trade where with the market and Greg will probably get to retire some stock. Maybe a couple of old timers call the hotline with blocks. You never know

Thanks! I retract my previous statements about him not committing to purchasing the $15.xxx million bucks worth of shares on a specific date! He clearly says later in the audio that he will wait the 48 hours and buy the stock. Every year. The Greg Abel version of a dollar cost average

Greg is paying the government more than Buffett's $100k salary - that much is true for sure.

Agreed. Stay out of the "Sokol Zone" and you all good

As I mentioned before, I think it's clear from reading the transcript that he hasn't committed to buying every year on that day in the future. They are two separate sentences. In the past he has been extremely selective in the prices he paid for Berkshire stock, marking local lows with his purchases - a good sign. Also it is important to remember that as far as insider buying goes for Greg, he is extremely limited for the time periods he is able to trade. Two days after a public disclosure is one of those open windows - and even then he could happen to be aware of material nonpublic information because they are often evaluating potential deals or negotiating material settlements, etc.. (luckily at $1 trillion plus, the materiality threshold is probably up there!) Greg is gonna do great. For his family trust and for the big ole company he runs. We're lucky to have him

That's pretty but would get dusty in my house (we have a woodworking mill shop on the floor below the floor we live on). I have a white audio-technica with a clear dust cover. Outside of vinyl records, which I buy all the time, I'm not even sure how I would give music as a gift to someone? I mean, I pay for youtube music for our son but when I want to give a christmas gift a record is a pretty good option. Nobody really has cassettes or CDs any more, although I actually bought a cassette only release last week. Not sure how I'm gonna play it..

Lots of eyes watching the S&P 500 and how it behaves every time it tries to go down And helpful to keep one eye on JPM as a canary We'll see! There was a time the other day when the SPY chart looked like this: "I keep trying to go down but they keep pulling me back in!"

He didn't make any promises he was going to buy stock right after the annual report lockup every year going forward. Just that he was going to buy stock with the after tax salary BRK pays him every year.

I looked it up and Microsoft Encarta on the CD-ROM came out in 1993! 33 years ago (the kids on this forum are probably like WTF is Encarta??)

oh gosh I forgot about that whole John McCain thing where he was like, "I like people who weren't captured!" A vintage classic at this point! F'ing POW losers

I think we all have "special" friends. Give 'em a pat on the head, they love it

Yeah we listen to vinyl records every day and still buy vinyl records every month. I write checks every week to contractors / subcontractors / arborists, you name it. Definitely not enough to make me want to invest in Deluxe or Harland Clarke though! Owning an entire set of encyclopedias is more a reframing of the question, "when was the last time you moved to a new house" because ain't nobody taking that shit with them. I don't have a fax machine with the curly thermal paper but I can send a fax from my computer and my printer can send one. Reminds me of the excitement when fax machine technology graduated to "regular paper" - ! what a joy. I don't miss being woken up in the middle of the night by the loud ass fax machine because someone in Asia decided to send a fax.

Thanks for that - so the link I posted was just the first segment before the break. Joe Kernan seems to think Warren's index put trade was a "hedge." Pushing Abel for an investment decision on Blockchain technologies. Good stuff Joe

Is this the whole thing? https://www.youtube.com/watch?v=CMcgQ4mbc40 Joe Kernan, "Is it a gut feeling??"

That's going to be super helpful for the families of the burnt up sailors

Its so bad the Beatles wrote a song about it bruh If it ain't worth it, quit or do something else or move to Florida. There are more tax efficient ways of generating a buck than a W2 job.

Yeah for me they are the familiar standards: IBKR Alphabet Apple Amazon I thought about Toyota/Lexus, Costco and Total Wine. $10k ain't what it used to be.. Those are tough ones but future Toyota might not be as important to me as past Toyota