Malmqky

I read they have enough air for 96 hours. *If* they’re on the surface it should be easy to locate..right? Hope these folks make it.

I know the US Air Force has used Xbox controllers as inspiration for familiarity reasons. This however…idk man. Seems like this whole operation was stupid to begin with.

That controller has to be the most janky way to control a submarine I’ve ever seen. Hope they’re found soon…

You may being thinking of BYD, which was a Li Lu idea!

If I remember correctly Munger has some money with Li Lu. I recommend checking out any recordings of his lectures at Columbia you can find. You probably won't learn anything new, but you'll understand him more as a person and what he's all about.

So obviously you’re a fan of holdcos that compound book value at superior rates. Does the discount to NAV that these companies inherently deal with bother you at all?

More MSGS. Looking at Cigna...don't really understand the industry. LOTS of reading to do here before/if I pull the trigger.

I just slapped on a 1.2x multiple to book and called it a day for my vote as well. 1x pb is obviously undervalued, and 1.5x pb is probably trending towards overvalued. So I just use that as a range for IV. Fairfax is very complex (thanks @Viking for the analysis on it) and I think keeping things simple here is the way to go. No need to make things even more complex and speculating by trying to do a DCF, etc.

Trying to buy more MSGE, limit order not filled yet.. Bought starters in MO, BTI, PM. Welcome to hearing any suggestions regarding additions to this tobacco basket, please and thank you.

Fair point, but I can see a scenario where the AI is used to pull data from a database of cases and relay information about those. Easy to double check as well.

I assume any competent law firm would hire some ML dudes to train an AI with specialized cases and parameters to avoid this. A general chat bot would be foolish to use for law.

It’s a Buffett quote - good guess!

Whoops, better sell my entire position! Didn't realize the Garden's true value is only $800m or whatever everything else they own is worthless! Good thing Goldman is here to set me straight with their superior intellect and unbiased opinion!

"I realized that technical analysis didn't work when I turned the chart upside down and didn't get a different answer."

A good chunk of MSGE at ~$35ish...looking into Tencent/Prosus.

MSGE @ 35ish partially filled

More MSGE at $38.00 because I have no patience. When something is screaming value however, what's a few extra bucks? ...Right? My cost basis is still far lower than what it's trading for anyways. EDIT: bought triple the previous amount at $35.75 a pop. Sitting at a bit 10% now. Cost basis less than $28 per share still.

Almost bought SPHR…couldn’t bring myself to do it so just bought more MSGS instead

https://www.fairfax.ca/news/press-releases/press-release-details/2023/Fairfax-Financial-Holdings-Limited-Preliminary-Report-on-Effect-of-IFRS-17-on-Common-Shareholders-Equity/default.aspx This should answer it!

OTC via FRFHF or just buy using the Toronto stock exchange.

I’m not the smartest person out there, but I don’t see why not. Greg, Ted, Todd, and Ajit are all capable, ethical people I trust to run the company. Berkshire is nice because even ignoring the wholly owned stuff, half of the stuff they own you can feel good about holding for decades. Plus you have the potential dividend if the new managers recognize they aren’t Warren and instead focus on maximizing investor returns via stuff like that instead of stock picking. Is Berkshire really that different from a curated SP500 type index even without Buffett?

I was typing out a response, but realized you’re talking about fraud as in someone hacking your online banking and wiring money, not someone wiring to a scammer. My bad!

The customer takes on liability for the wire - they provide instructions to the FI. The FI just does as they’re instructed.

MSGE, MSGS

Good post. FFH has so much torque built up it’s kind of ridiculous. I understand the hesitancy a few years ago but today? Watsa impresses me and the set-up is quite attractive. Markel on the other hand…meh.