Charlie

+ 1 The next 4 years can be very good years, but they can also be very bad years. We´ll see.

DAX at new all-time high: https://www.comdirect.de/inf/indizes/detail/chart.html?timeSpan=1D&ID_NOTATION=20735#timeSpan=SE&e& Investors seem to deny the question of this thread. I liked how Volkswagen made a good agreement with their employees 1 months ago that nobody get fired and in exchange they get 5 year no wage increase. Very good agreement.

@John Hjorth Thanks for recommending the book. I am reading the book and it is very good. Some chapters: - Competitive Advantage is everything. - Make Smart Bets - Be Contrarian: Conserve in a Boom, Build in a Bust: "This future-back perspective, as I've already shared, is fundamental to my approach to both life and business. But its importance is heightened during more extreme circumstances, positive or negative. From a future-back perspective, it´s wise to be cautious when everyone else is investing like crazy, and to make smart investments when everyone else is pulling cash out of the market. This is an underlying principle of value investing, espoused by leaders like Warren Buffett and Charlie Munger. But it´s wisdom that rarely seems to make it into business operations. I believe it works there as well. Conserve in a boom; build in a bust. And nowhere was that advice more dramatically relevant than in the boom years of early 2000s and the bust of the Great Recession." Highly recommended!

A very interesting proposal regarding the German election comes from the FDP. They could govern together with the CDU if they get 5% of the votes. I think the CDU wants to govern with the FDP. Currently they are at 4%. The FDP wants to make equity investments after holding for some years tax-free!!! https://www.fdp.de/sites/default/files/2024-12/fdp-wahlprogramm_2025.pdf

The next government CDU is not left. It is middle/right.

The AFD (Weidel) wants Germany to leave the Euro and the EU. This is absolute idiotic and would hurt Germany from an economic standpoint enormously. Nobody wants to go into coalition with the AFD, because they are talking so much bullshit for so many years (vaccination, wearing a mask, boarder control etc). The last ridiculous thing I have heard is that they are pro Bitcoin. For anybody who wants more this is the program of the AFD: https://www.afd.de/wp-content/uploads/2017/04/2017-04-12_afd-grundsatzprogramm-englisch_web.pdf In the end it doesn´t matter because CDU (Merz) will win and nobody wants something to do with the AFD: https://dawum.de/Bundestag/INSA/2025-01-13/ One of the biggest problems Germany has is we have not enough young people and too many old people. So immigrating able young people is a huge plus not a minus. Germany is a rich, open and friendly country and we want to stay that way. Cheers!

Recently I wanted to test drive a Tesla and the sales people at the telephone said I had to bring a credit card with me. I asked why. He said if I like the car I can pay 250 Euro upfront with the credit card and the rest later. I am pretty sure Elon Musk is using Mungers Psychology of Human Misjudgment for impulsive car selling tactics. That was probably the main reason Musk wanted to meet Munger.

He really wants to stay the richest man in the world.

AFD (Weidel) and "Die Linke" are against everything. That is the way they get votes. I am not sure which role is Musks in this game. Probably he wants that Germany decrease taxes that Tesla makes more profit or he wants to weaken Germany with this AFD shit.

That makes the statement much worse.

Weidel is saying in the video (30 minutes) that during Covid vaccination and wearing a mask was a bluff or a scam. I mean when someone is saying something like this, how can you take her serious?

@John Hjorth Buffett in one of his last interviews said you should think about if you had to live only one more day/month/year (I think he said day), what would you do? And now do this every day. Live every day as it would be your last day. This exercise focuses you on the most important things and let you forget about irrelevant things. Meet family and do things you really want to do before you die.

Good interview with Chris Davis talking about Berkshire Hathaway:

Feliz navidad! (making holidays with family in Spain) Thanks to all for this great discussion board.

https://investingnews.com/daily/resource-investing/mark-these-tax-loss-selling-dates-on-your-calendar/ This article explains tax loss selling a little bit. ... The flip side of tax-loss selling As tax-loss selling starts, opportunities can open up for those who have spent the year on the sidelines. In her piece “How Bout Tax Loss Buying?,” Gwen Preston of Resource Maven explains that Canaccord Genuity (TSX:CF,OTC Pink:CCORF) has found that from mid-November to mid-December, S&P/TSX Composite Index(INDEXTSI:OSPTX) stocks that are down more than 15 percent year-to-date underperform the index by nearly 4 percent. However, from mid-December to mid-January, those same stocks outperform the index by 3.6 percent. “That outperformance is on top of gains the TSX reliably generates over that time frame,” Preston explains. “So instead of only seeing tax-loss selling as a time to generate tax credits by dumping dogs, let’s look at the opportunity to profit.” How can investors time tax-loss selling? Regardless of whether you’re engaging in tax-loss selling or buying, Steve DiGregorio, portfolio manager at Canoe Financial, recommends acting swiftly and aggressively as “liquidity will dry up.” He sees the second and third week of December as the ideal window, which is well ahead of the “Santa Claus rally” — the period around the last week of December when stocks tend to rise ahead of a healthier market in January. For now, the year isn’t over yet, so whether you’re tax-loss selling or buying, there’s still time to talk to your accountant or financial advisor to determine which approach is best for you.