charlieruane Posted May 23 Share Posted May 23 Vicki Hollub of OXY was one of three oil execs to host a fundraiser for the Trump super PAC "MAGA Inc.": https://www.nytimes.com/2024/05/23/climate/trump-oil-democrats.html Link to comment Share on other sites More sharing options...
KPO Posted May 31 Share Posted May 31 This is kind of an interesting article: https://www.cnbc.com/2024/05/31/warren-buffett-worried-about-huge-losses-in-booming-insurance-market.html To the extent Berkshire desires exposure to cyber coverage I think I’d prefer it be through minority holdings, like Chubb and/or AIG. Link to comment Share on other sites More sharing options...
gfp Posted May 31 Share Posted May 31 Howie did a video interview with yahoo - https://finance.yahoo.com/video/warren-buffett-son-talks-800m-120037116.html Link to comment Share on other sites More sharing options...
Cigarbutt Posted May 31 Share Posted May 31 5 hours ago, KPO said: This is kind of an interesting article: https://www.cnbc.com/2024/05/31/warren-buffett-worried-about-huge-losses-in-booming-insurance-market.html To the extent Berkshire desires exposure to cyber coverage I think I’d prefer it be through minority holdings, like Chubb and/or AIG. It's an interesting market but it's hard to put bounds (especially upper bounds, of the aggregating type) concerning future development. The market has hardened in a very unusual way, attracting a lot of capital but the market has softened ++ (price and contract terms) so who knows (with accuracy)? Early to tell and maybe not significant but (anecdotally) there have been people around me (personal and commercial) who had to deal with security breaches (privacy violations and ransomware) with varying levels of consequences and for those who follow these developments, some ransomware activity appears to be on the rise: Link to comment Share on other sites More sharing options...
longlake95 Posted June 3 Share Posted June 3 those darn computers. Link to comment Share on other sites More sharing options...
aws Posted June 3 Share Posted June 3 Looks like over 3k volume too. Someone's algorithm made a $2b mistake? Better not be Citi again Link to comment Share on other sites More sharing options...
Intelligent_Investor Posted June 3 Share Posted June 3 Damn wish I could've bought at these prices lol Link to comment Share on other sites More sharing options...
gfp Posted June 3 Share Posted June 3 28 minutes ago, aws said: Looks like over 3k volume too. Someone's algorithm made a $2b mistake? Better not be Citi again There wasn't 3k of volume at the 185.10 price. There wasn't really 3k of volume at all, since most 1 share volumes reported on A-shares are actually tiny fractional share purchases. The stock is halted for the glitch and no shares will actually be transacted at 185.10 Link to comment Share on other sites More sharing options...
aws Posted June 3 Share Posted June 3 (edited) 6 hours ago, gfp said: There wasn't 3k of volume at the 185.10 price. There wasn't really 3k of volume at all, since most 1 share volumes reported on A-shares are actually tiny fractional share purchases. The stock is halted for the glitch and no shares will actually be transacted at 185.10 I'm aware of that dynamic and I'm sure some trades will get busted, but it wouldn't be the first time large trade volumes went through at erroneous prices. On the flip side, the snap back to a real value is biting some not so savvy people who placed market orders during the halt. The top trade was 742k when fair value was more like 630k. I have no idea how many are full shares, but I've seen at least one screenshot of a market order fill for 648k a share by a guy who had nowhere near that amount in his account, but his broker allowed the trade. Edited June 3 by aws Link to comment Share on other sites More sharing options...
KPO Posted June 4 Share Posted June 4 https://www.oxy.com/news/news-releases/occidental-and-bhe-renewables-form-joint-venture-to-commercialize-terralithium-extraction-technology/ For those that haven’t made the trip to the Salton Sea, it’s a wild and interesting place that happens to have on the order of 100 years of potential lithium supply for North America. This is a somewhat hidden Berkshire asset. If all goes well and lithium continues to be the long term source of EV energy that it is today, this could move the needle for Berkshire. Link to comment Share on other sites More sharing options...
adesigar Posted Thursday at 07:25 PM Share Posted Thursday at 07:25 PM https://www.foxbusiness.com/fox-news-auto/eighth-circuit-decide-should-car-insurance-cover-stds I guess GEICO may have to increase insurance rates even more. Link to comment Share on other sites More sharing options...
scorpioncapital Posted Thursday at 07:39 PM Share Posted Thursday at 07:39 PM This is rather insane. I hope it gets reversed by some clear headed judges. Are you aware of any other country that would have such a news item come up for a car insurance? In every country on Earth they'd laugh you out of the court-room, both the judges and the government. Link to comment Share on other sites More sharing options...
xboojum Posted Thursday at 08:20 PM Share Posted Thursday at 08:20 PM 37 minutes ago, scorpioncapital said: This is rather insane. I hope it gets reversed by some clear headed judges. Are you aware of any other country that would have such a news item come up for a car insurance? In every country on Earth they'd laugh you out of the court-room, both the judges and the government. It got thrown out by the initial trial judge; this is an appeal of that initial ruling, so you're hoping it's not reversed. (IANAL but I presume that the fact that the district court judge didn't buy it is a good sign that GEICO's contract is not so sloppily written.) Link to comment Share on other sites More sharing options...
scorpioncapital Posted Friday at 06:16 AM Share Posted Friday at 06:16 AM Interesting. I thought insurance policy terms where standardized by the rating company like Verisk - https://www.verisk.com/siteassets/media/downloads/iso/isos-policy-forms.pdf Maybe someone should sue them! Link to comment Share on other sites More sharing options...
CassiusKing1 Posted Friday at 02:32 PM Share Posted Friday at 02:32 PM Hopefully Warren is revving up the buyback machine. Link to comment Share on other sites More sharing options...
Eng12345 Posted Sunday at 08:37 PM Share Posted Sunday at 08:37 PM On 6/13/2024 at 2:25 PM, adesigar said: https://www.foxbusiness.com/fox-news-auto/eighth-circuit-decide-should-car-insurance-cover-stds I guess GEICO may have to increase insurance rates even more. Can you imagine being the lawyer that had to write this: Attorneys for GEICO disagree. "The Auto Policy does not cover liability for injury caused by the transmission of a sexually-transmitted disease merely on the basis that a covered vehicle was used as a shelter for, or as the situs of, sexual activity," GEICO wrote in its brief. Or being the court reporter for this: "It's foreseeable that people are going to have sex in the car, I mean, that's clearly foreseeable, right?" one of the judges asked. Kinda funny until you realize its ultimately just going to end up with much more restrictive language on automotive policies. Link to comment Share on other sites More sharing options...
DooDiligence Posted Sunday at 08:57 PM Share Posted Sunday at 08:57 PM 19 minutes ago, Eng12345 said: Can you imagine being the lawyer that had to write this: Attorneys for GEICO disagree. "The Auto Policy does not cover liability for injury caused by the transmission of a sexually-transmitted disease merely on the basis that a covered vehicle was used as a shelter for, or as the situs of, sexual activity," GEICO wrote in its brief. Or being the court reporter for this: "It's foreseeable that people are going to have sex in the car, I mean, that's clearly foreseeable, right?" one of the judges asked. Kinda funny until you realize its ultimately just going to end up with much more restrictive language on automotive policies. TBF, that shifter knob's just asking for it. Link to comment Share on other sites More sharing options...
Xerxes Posted yesterday at 12:43 AM Share Posted yesterday at 12:43 AM From Bloomberg Link to comment Share on other sites More sharing options...
xboojum Posted 16 hours ago Share Posted 16 hours ago https://www.seattletimes.com/seattle-news/climate-lab/judge-orders-bnsf-to-pay-wa-tribe-400m-for-trespass/ BNSF found to have violated terms of an easement regarding access to Snohomish tribal land, fined $400 million. (BNSF apparently admitted the violation but didn't think they should pay that much.) Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now