Malmqky

Seriously though, don't hate the player, hate the game. Congrats on the hire. Wish you a long and fulfilling career I would like to see tariffs on luxury type goods (VAT) and would be fine with well thought out 10% tariffs used sparingly, for example to prevent BYD from flooding the US market (although these would be higher than 10%). Wish a scalpel was used more here but I'll play the game if we want to throw around triple digits.

If anyone truly believed 80% blanket tariffs were going to happen, even if Trump wasn't doing his usual negotiating technique Greg outlined, I have a bridge to sell you. I think there's some serious problems with this administration, but they aren't trade related. Just embrace the volatility and use it to make money. No need to complicate this. We all know how Trump operates at this point.

Little JOE because why not

I tried to buy these in 2023 sub $1, never got it done. Looks like I missed out big time on this moonshot. Not sure if it gets done, but this alone is enough to generate some significant alpha.

A little more Warrior Met

Is mid-June when index will rebalance/potentially add FFH?

The story goes that an oil prospector arrives at the gates of heaven and is greeted by St. Peter. Unfortunately, the section for oil prospectors is overflowing, and there's no space for him. The prospector asks if he could just say four words to the group already inside. St. Peter agrees, and the prospector yells, "Oil discovered in hell!" Instantly, all the oil prospectors rush towards the exit. St. Peter, impressed, offers the newcomer a spot, but the prospector declines, saying he'd rather go with the others – "there might be some truth to that rumor after all".

What's the point of posting this? To offend people? You can't seriously think this is going to persuade anyone/teach anyone anything? Do you really think things are so simplistic that you can reduce Trump supporters to only two camps? And I'm not a Trump supporter for the record. I think it's a better use of your time to try to understand why Trump happened and not jump to conclusions like his voters are deluded or stupid or greedy. The answer isn't simple.

I value your perspective and think you're a good addition to this board. Echo chambers are useless and you having a differentiated opinion helps prevent CoBF from becoming one. With that said, I'm going to give you some unsolicited advice: - Consider the opportunities you'll miss out in life because people perceive you as arrogant, even if you're right. It's not the most talented people who get promoted/invited to events/succeed in life, it's the likeable people who are talented enough. People are also going to dismiss you because you're young. Being likeable (humble) will help counter that. - This forum is filled with knowledgeable people. You should soak up all the knowledge you can from them, even if you disagree with it. Confirmation bias is a bitch, and you should try to avoid it at all costs. People challenging your opinion is something you should embrace. You'll gain the most from inversing, as Charlie Munger taught. If you aren't constantly challenging, inversing, and changing your opinions/adding nuance to them, you're stagnating. Don't dismiss, discuss. - You should consider what you bring to this board. Posting Buffett and Dimon quotes and interviews is a low value add. We all have seen these videos and quotes. If you truly are seeing something we are all missing, why don't you post some better content? Longer, more nuanced, more in-depth content written by yourself. Are you preaching at us or trying to help us? I'm serious. What's your motivation here? If it's to learn and help your fellow investors, what you're currently doing isn't helping us, and no one is learning. Give us actionable ideas. Please help me understand why I should be in oil for example.

Things like decorum, basic courtesy, and respect have been more and more absent from US politics for a while now, and almost completely absent this last year or two. It is disappointing.

Buybacks, because all the other great decisions listed are compounded by buybacks.

Ya know, with all this macro talk and quoting Buffett and Dimon, I figured I’d toss this one out @Blake Hampton. I’m sure you’ve read it before, but; “I don’t think about the macro stuff. You know, I just – the important – what you really want to do in investments is figure out what’s important and knowable. If it’s unimportant or unknowable, you forget about it. What you talk about is important but, in my view, it is not knowable. Understanding Coca-Cola is knowable or Wrigley or Eastman Kodak or anything. You can understand those businesses. That’s knowable. And whether it turns out to be important depends on where your valuation leads you and the current price and all of that. But we have never either bought a business or not bought a business because of any macro feeling of any kind. We don’t read things about – predictions about interest rates or business or anything like that – because it doesn’t make any difference. I mean, let’s say in 1972 when we bought See’s Candy, I think, maybe, Nixon put on the price controls a little bit later – let’s say we’d seen it. But so what. We’d have missed a chance to buy something for $25 million that is earning $60 million pre-tax now. We don’t want to pass up the chance to do something intelligent because of some prediction about something that we’re no good on anyway. So we don’t read or listen to or do anything in relation to macro factors at all. Zero.“

Hunter Biden as VP and let's see some heads explode. Mental gymnastics would be glorious. On a serious note, absolutely not.

Nibbling on JOE, first time adding since 2023

Good analysis. I would like to see both parties completely blown-up. I don't like Trump, but maybe he's just what we needed for it to happen.

Everything is held together by duct tape, sticks, and glue. Our politicians are fiscally subpar. Welcome to the real world. Still, it pays to be an optimist. I bet even with massive recessions, the investor who’s optimistic, opportunistic, and heavily invested in equities outperforms the bearish, cash-hoarding (aka market timing) investor who gets caught up in intellectual theories instead of actually making money.

Looking forward to hearing about what you find!

Up 26.50% (33.85% for the ADR) so far. If only everything was this easy.

Sub 2% for yen. Would be nice to get a flat 1% though

Fairfax is flat for the week and was down like 2% Friday? Are we looking at the same stock?

Added to googl yesterday too

I see fat fingers for seven shares. The trades for 2620 and 2912 look fine?

We can hold cash too, and we can invest far more nimbly and opportunistically. And like you said, it's been a long time since Berkshire has gotten the call... It's a tough call. Emotion is clouding my judgement here...

LNF

Found Monish Pabrai's burner On a serious note, Pabrai is a good person and I respect that. However I've still yet to see any concrete proof he's an above average investor. Do you have any proof he is?