Imagine analyzing and valuing Berkshire Hathaway back in the 1990’s by only looking at underwriting profit and the insurance cycle. And ignoring investments and capital allocation. That is what CIBC is doing with Fairfax today. Good luck with that type of analysis. $FFH.TO $BRK
@novaramedia If you don't want Bond Markets to run the country don't borrow money off then then
Honestly, the financial illiteracy of Diane Abbott is beyond a fucking joke
How the fuck do people who are as thick as mince get elected as MPs
It's fucking embarrassing
Down 7.8% led by GDWN and 3i car crashes, met coal and offshore oil support companies keeping me from worse disaster. ‘Fear’ levels suggest buying but no dry powder @battlebus141
Pabrai paints a scenario of $AMR buying back virtually all of the float until it is forced to pay a dividend.
At that point, the company might have ~4m shares outstanding, cashflow of 1bn and a dividend of 250/share.
What's your take?
https://t.co/GXUIVsXx45 via @YouTube
I cannot decide if they are stupid, lazy and not reading their brief or deliberately destructive. None of these is attractive in a government. Sadly, I’m siding with destructive at the moment. I think there’s an underlying aim to destroy capitalism.
Stella "women can have a penis" Creasy, demonstrating perfectly when questioned on Politics Live, that she doesn't know what "base load" means when it comes to energy - and she is there arguing for us to get all our energy from renewables!
@tom_watson I am quietly in despair at his appalling leadership and insistence that he leave us totally unprotected. We can drum up one warship if you give us a week. Others are stripped of armament to make one fit ship
@militaryhistori in a not dissimilar way Churchill misunderstood or ignored the recommendations of the RAF in the lead up to the 2WW and left us with far too few squadrons of fighters, something he rushed to remedy at the last minute
Sadly I cannot read the article
If the UK were ever foolish enough to try this the result could be an irretrievable loss of tax income. Would it apply to homes? If not it would result in a surge in house prices as people switch out of equities and into alternatives. Crazy.
@hansvantelling@VVD Here my take on the topic:
How the Netherlands, Pioneers of Modern Finance, Are Destroying Their Own Legacy A 36% tax on unrealized gains is economic suicide
https://t.co/EY6gl0FMFn