Malmqky

Just continued to be puzzled by the valuation But yes, perspective is everything. 100% in a year is nothing to sneeze at.

To add on to the above discourse, I’ve had conversations with friends who work in the insurance industry and are solid value guys. They too dismiss FFH entirely - BlackBerry, Prem’s mistakes, etc. Maybe in a year or two people will appreciate it. The fact that everyone seems to dismiss it without looking into it gives me confidence however. There’s not really any REAL pushback. That tells me we’ve identified a good opportunity, and aren’t missing something.

Am I cloning you? Starter in AMR, seriously considering OXY as well.

Wasn't Apple originally a Ted pick? Yes Buffett gets most of the the credit for making it a sizeable position, etc. But surely Ted should get some credit as well. I think Ted and Todd are fantastic in their own right, and I don't think Berkshire should shrink the publicly traded assets for a reason that boils down to "it might make them feel less pressured". I also think Ted and Todd are mentally...strong? developed? (idk the word) to not feel pressured by working within "Buffett's shadow". I don't think we should care what the average investor thinks of their inevitable mistakes either, they're going to be compared to Buffett no matter what.

So Brett does not understand people can learn and grow from their mistakes. I’m talking about Prem as well as Brett himself here. Oh well, it’s his grave…

Same. I’m using Brk and Frph as cash positions essentially for obvious reasons, so happy to be overweight in both.

No way! Excited to listen to this.

Buying BRKB around 1.3x bv and selling around 1.5x bv has made me a lot of money over the years. Thanks for the reminder, I think it’s closing in on this lower bounds

Usually brokerages withhold foreign taxes. I wouldn’t worry too much about it. Anyways, you seem to have a decent handle on it all. Why don’t you meet with your accountant for an hour and get some piece of mind? Should only cost you a few hundred and you’ll have your answers.

May I ask what you find attractive about BOC?

This is my downfall too. No recommendations, except consider building the position over the course of months and not weeks. And be a stickler on price, especially with illiquid stuff. FRPH is a good example, just look at the chart.

Short term treasuries go BRRRR Fairfax earnings are going to be eye opening for a lot of folks I think. Inflection point has been reached, but it’s going to be REALLY obvious in the coming few months I reckon…

Sold some stuff to buy more JOE back to a bit above a quarter of my portfolio…

Read the intelligent investor and some Phil fisher. Security Analysis if you’re up to it. That’s a good starting point.

Just got to lower rates a bit here and encourage/allow building. Ya know, the whole supply vs demand thing…

Managed to grab a minuscule amount of NEN shares @ 65 this morning so that’s cool. Bought a little more BTI. We’ll see what the rest of the day brings. It’s nice to be able to finally find attractive investments (at least on the surface) after a couple months of twiddling my thumbs, unable to find much.

I really like this approach as well. Thanks for reminding me of this, I remember reading something along these lines a while back but don’t remember the analyst either or where I read it.

Do you feel war with Iran is realistic? Israel is probably going to flatten the Gaza Strip…then what? I imagine Iran supported Hamas to delay normalization of relations between Saudi Arabia and Israel…but Israel has already stated there’s no proof of that (despite Hamas claims). So that kind of signals they don’t want to escalate directly with Iran?

Yep, I’m still in the research phase here, really just want a few shares to motivate me to continue to learn and look deeper. Doesn’t fill, oh well.

Starter/tracker sized positions in CROX and NEN (if it fills lol). Lots of REITS are starting to look like decent value.

Material being the keyword, per his comments.

sold MO and put proceeds into BTI, the tobacco basket is no longer much of a basket - 60 some percent BTI and 30ish percent PM.

Book was like $248 in June so most likely $350 is about 1.4x

$82k with a pension and good benes is a dream for most “common folk”. I wish they’d get a 32hr work week, but doubtful. Pay raise is probably more likely, but certainly not $12k. Seems to be a lot of grandstanding to me as well.

My buddies in the country (rural Midwest) all switched to Starlink. Cheaper and far faster/more reliable than the local ISPs they were forced to use before. For reference, one of the aforementioned individuals was paying $80ish per month for a 10gb datacap and dial-up type speeds irrc. I personally don’t use Starlink, but I think people are missing how game changing it is for rural areas. sidenote: I also know someone who is using Starlink for internet while they travel the country in an RV. Pretty cool use case.