Charlie

Congratulations Mr. President! The trade war has begun. I sold some equities yesterday. Now I understand it better: These rich guys in Cambodia made America poor!!!

It is the manipulated mindset of Trump believers, that you are left behind or that everything is unfair, when you are by far the richest guy in the room that is very dangerous. Trump spreads fear and hate and MAGA seems to believe him. Also the mindset of not recognizing your mistakes and seeking the fault elsewhere is very dangerous. Trump has a big tendency of not recognizing his mistakes and so it is always everybody else´s fault. So mistakes will not corrected. At the end of world war II, Hitler said something to the degree that it was not his fault.... America is/was great and is in danger to get hated from everybody. great words! On Friday my family and I will travel for 2 weeks to South Africa (mainly Garden Route). I think it would be a great experience for some right-wing people here to see things in perspective and learn tolerance. The South Africans are very relaxed and not very rich.

+1000 What happened to the most impressive democracy of the world?

It seems that Trump is not making anything great, but scarce and expensive.

Don´t forget to buy your Porsches and Ferraris as fast as possible.

I bought a great used car some days ago for a very good price. So if someone need a good car in the next years, now could be the time to buy!!!

Great name for them. I sometimes think of them as Bonnie and Clyde. Lying, stealing etc. etc. Next target Greenland.

Over the weekend I watched Tarzan 3D with my two six year old boys. At one scene he behaved exactly like Elon in January. That was pretty funny.

It is also genetical. If you have some form of alcoholism in your family, stay away from it. If in your family is any form of schizophrenia, don´t smoke Cannabis. If you have heart problems, stay away from everything.

Approximately 1 of 20 will fuck up with alcohol. Of course you can drink moderately (that is what I do), but take care that you are not the person who fucks up. It is easy to drift into it. In my leisure time I am working as a lawyer, which helps old and ill people. And most people fuck up, because of alcohol. Ingredient 1: Chemical Ingestion The first recipe for misery is by consuming chemicals to alter your mood or perception. For example, after a hard day’s work, we might visit the pub for a round of drinks so that we can have a relaxed evening. These kinds of external chemicals create an imbalance in our system. Munger says that addiction can happen to any one of us and once trapped in its web, it is very difficult to come out of it. So, if you are seeking pleasure by consuming chemicals, you are guaranteed a path to misery, if not done in limits or in a controlled manner.

Most research show that the Mediterranean Diet is most healthy:

+1 Sugar and ultra processed foods are probably far more dangerous than Coffee. There are a lot of positve effects of a few Coffees a day. And a lot of Alcohol over a long time is probably worse than Cigarettes.

Giverny Capital 2024 Annual Letter https://givernycapital.com/wp-content/uploads/2025/03/giverny-capital-annual-letter-2024.pdf Cheers!

No one can say, how it will work out. One can think of a lot of scenarios. It can work very well or it can work very bad. It is good from time to time doing something enjoyable and not focus too much on this endless "shitshow".

But tariffs make the domestic alternatives more attractive.

@Viking I think Trump is trying to run the U.S. like it is a giant business. That means he tries to get the Costs down at all costs. And means he tries to get the Earnings up at all costs. He hopes that more big companies come to the U.S. through the lower taxes in the U.S. and through the tariffs long-term. Of course, how smart it is to start a global trade war in a world with a lot of weapons of mass destruction is another question.

@Xerxes There is mass psychology at work and it is very dangerous. It´s a Lollapalooza Effect. It is probably a combination of overoptimism, hubris, thinking that your own race/nation is superior, authority bias and bad economic conditions. It is interesting to watch some movies from this time. It is also important that the seperation of powers are functioning well: - jurisdictive - executive - legilative.

Ray Dalio on the Trade War https://finance.yahoo.com/news/ray-dalio-cites-1930s-germany-031234228.html Cheers!

There is seldom one cockroach in the kitchen: The first one (Elon) tried to manipulate our election. The second one (Vance) told us that here is no free speech. And the third one (Trump) is bullying everybody. Other than that the behavior and reputation has been wonderful. 4 more years to go.

He often says something that is not true. He is probably not lying, but doesn´t know some facts. Perhaps he has too many "Yes" men around him and nobody is telling him the relevant facts or he sees it as an insult when somebody explaining it to him. Perhaps he doesn´t like to hear facts.

+1 One of the big problems with Trump is that he doesn´t believe in win-win. He believes in win-lose and playing with the fear of other people/countries. The other problem with Trump is that he has a massive "Man with only 1 hammer syndrom": Deal, deal, deal.... and nothing else.

I have seen a lot of people dying, because of Alcohol, none of Coffee. Munger: Beware of Liquor, Leverage and Ladies.

+1 Everything was good, until Vance began to talk. Good cop, bad cop game? Probably not, Vance should just shut up. What a shame!

+1 Imagine the most richest European billionaire trying to manipulate the U.S. election. And then one of his friends, let´s name him Van is accusing the U.S. that there is no free speech, when the European administration is the inventor of so-called "Fake-News". They are just inverting everything and accusing it to other countries. It doesn´t get more ridiculous than that.... to be continued... The E.T. show will go on!!!

I think he is already there. That's what F-U money can buy. Would anyone prefer that this person be Chinese, Russian, or Iranian? Critics laughably pretend that they know more about how to generate wealth and influence policy while playing back seat driver and in relative terms accomplish little or nothing. I, for one am glad the guy is working for us. We will see. The weighing machine is working from Monday to Friday: https://finance.yahoo.com/chart/TSLA#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