President-Elect Trump trades

[John Hjorth]

50 minutes ago, Dinar said:

Chubb lost its shirt in 2022 betting on fixed income, I think 30% of book value was vaporized!  Did not stop Buffett though, but who is he compared to the great Blake Hampton?

 

The last now almost 5 years have been quite violent and brutal with regard to developments in markets, interest rates, inflation and a lot of other stuff, if one did bet on anything particulary [, based on what?], and perhaps ended up being wrong about it, to me must just be about the worst job one can imagine serving clients with capital committed entangled in expectations to you.

 

Jeffrey Gundlach, Doubleline, [partly owned by Oaktree, and thereby also by Brookfield] [Gundlach in earlier years referred to and quoted by Lars [ @Viking ] here on CofB&F several [, if not many] times, seems to possess such talents, and appear wired by birth to do such thing for a living.

 

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It appears the guys at Fairfax managing the Fairfax bond portfolio also has got things right in that particular period.

 

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It's certainly not for fainthearted.

 

Here is a photo of Jeffrey Gundlach from the Doubleline website :

 

 

I still have earlier photos of him in my visual memory. What has happened to his appearance is to me, personally, not only the toll of time.

 

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Buffetts constantly rolling of short term US T-Bills into new short term US T-bills has absolutely nothing to do with this. He is waiting for LARGE and fat pitch, that he is well aware of, that he may perhaps never experience, otherwise the 'successor' will just take over control of the cash position, better going out with a bang track record than a bummer in the end.

 

Anyone here on CofB&F ever asked yourself the question : 'How good has Buffett been at paying up for potential growth prospects and quality?' You bet, he has asked himself that particular question, and also delivered the truthful and honest reply to himself, internally.

[John Hjorth]

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[John Hjorth]

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[Spooky]

Playing in the bond market is a tough game, it is the smart money and markets are extremely efficient. Better for us to hunt for the most inefficiently priced assets. Easier to make higher returns if you are good.

[John Hjorth]

I'm sorry for the triple posting above. Server flux or something. I can't fix it myself by deleting, so reported it to Sanjeev [ @Parsad ], to get it fixed. When fixed, this post will disappear, too.

 

Thank you, and I'm sorry for your inconvenience.

[Parsad]

1 hour ago, John Hjorth said:

I'm sorry for the triple posting above. Server flux or something. I can't fix it myself by deleting, so reported it to Sanjeev [ @Parsad ], to get it fixed. When fixed, this post will disappear, too.

 

Thank you, and I'm sorry for your inconvenience.

 

Weird!  For some reason it won't let me delete the two extra posts...as if they don't exist.  Something weird with the server probably...thus why it posted three times.  All I could do was delete the info.  Cheers!

[Spekulatius]

Isn’t tobacco a Trump trade? Beyond the more obvious things like lower tax rate benefit we have currently a situation, where there are hundreds of illicit vaper devices and what not available everywhere while at the same time the process to approve legit devices or products is totally broken.

 

If this is cleaned up, it would be a big benefit to those they play by the rules and that’s big tobacco.

[John Hjorth]

6 hours ago, whatstheofficerproblem said:

Shut up John, you have a long time ahead of you. We're all in this shitty world together, we aren't letting you leave before us, let's suffer together.

 

@whatstheofficerproblem,

 

Thank you for being my friend, dragging me up here!

 

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To say the  truth about what happened yesterday for me personally, making me cranky and frustrated, was that I was about to buy some further, extra outdoor security cameras, to include in and to expand our home security system already in place here in and outside our home.

 

Dutch firm. Works great, untill it doesn't. After struggling with the order on the company website for hours yesterday, the site does not function correctly with regard to the payment. ... So, really, no order placed!

 

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Then, today, in the morning, I digitally got this letter from our 'daily day' bank, that my primary MasterCard is now blocked for use, because of what happened yesterday, with a lot of instructions about what to do.

 

Then I called the bank, the person mentioned 'below' in the  letter, to ask for an explanation and elaboration. Answer : 'The site you were ordering on, likely got hacked, with alll consequenses , related to that for you".

[John Hjorth]

1 hour ago, Parsad said:

Weird!  For some reason it won't let me delete the two extra posts...as if they don't exist.  Something weird with the server probably...thus why it posted three times.  All I could do was delete the info.  Cheers!

 

Sanjeev [ @Parsad ],

 

Thank you for looking into it.  Let's let it go, and move on! - It does not really matter to anything of importance!

[villainx]

3 hours ago, Spooky said:

Playing in the bond market is a tough game, it is the smart money and markets are extremely efficient. Better for us to hunt for the most inefficiently priced assets. Easier to make higher returns if you are good.

 

I was listening to one of the podcast with Josh Brown who had a fixed income/bonds guy on as a guest.  They were saying that the bond index was sort of made to be beaten, too many variables and inefficiencies.  I know it's unrelated, but just made me think of it.