Parsad

Good results...pretty much in line with expectations and guidance! Cheers!

If you look at Maersk's results for Q1, their guidance has jumped leaps and bounds from $1B-$6B in EBITDA to $4B-$6B. That's one hell of a jump on the low side! I would imagine that Poseidon will hit the targets Sokol has talked about. Cheers! https://finance.yahoo.com/news/maersk-posts-q1-profits-above-060706435.html

On the weekend, I watched Dumas' Three Musketeers...two parts: D'Artagnan Milady Terrific actors, great story, writing and action. Very well done and thoroughly enjoyed them! Cheers!

I never said that you were hypocritical in condemning genocide. I said let's not get too self-righteous in suggesting where we see genocide, since western history is replete with acts of genocide and in massive scales. In my opinion, there is a difference between war crimes and genocide. Almost every war will produce acts categorized as war crimes...whereas every war crime is not necessarily genocide. But you are right...this discussion is probably exhausted. Cheers!

Define what you mean by "real economy"? Manufacturing today is an extremely commoditized industry with lower margins compared to yesteryear. If that is what you define as the "real economy" then most of the Magnificent 7 would not exist. China excelled at manufacturing for several decades because they had the cheapest labor. That isn't the case any more. It is why capital is flowing to other countries, including even the U.S. Combine that with political risk, property seizures, non-transparent accounting and reporting, difficulty moving capital out of China and lack of an equitable court system...no wonder capital is fleeing China. Cheers!

The West...Britain, France, United States, Germany. There's enough spilt blood by most countries, so any self-righteous stance is demeaning to any real debate. Cheers!

When you've committed genocide 3-4 times...you've pretty much written the playbook...doesn't matter what era! Cheers!

I think the next 50-100 years may be the most economically profitable and exciting years in the history of mankind. Technology will continue to create efficiencies that feed a continuously growing population and generate profits exceeding what humanity will actually need or use...almost a utopian society! Or we blow ourselves up! It's one or the other. Cheers!

Not really. It's the same demise of the U.S. we've been hearing about since the 1970's. Yet the only global superpower to retain their status during those 55 years has been the U.S. And they remain the powerhouse in almost all aspects of the future technological economy. Yes, the quality of life in many regions and growth in the middle class has occurred especially Asia, but the quality of life in the United States remains excellent, while they remain the world's #1 economic and military superpower. Coke has always had a Pepsi next to it...but Coke has always remained #1! Cheers!

I agree with most of your post...but I think it is far too premature to call the West a "waning global power". Cheers!

I don't agree with most of Luca's views on China...but let's not get too self-righteous. The West has perpetrated far more atrocities in its short history than China has done in 5,000 years! Cheers!

One, you cannot ignore the 2nd largest economy in the world if you invest globally. Two, other than Buffett & Munger, those guys all copy each other. Over the last two years, investment managers and hedge funds have been pulling capital out of China not allocating capital to it. Political and property risk, combined with a lack of transparency, means a reduced position in most portfolios compared to the past. Cheers!

+1! Kudos. Cheers!

+1! Yup, absolutely. Market risk is not something she needs at 92. A portion in an annuity locking in that income, the rest in redeemable GIC's laddered is probably the best solution. Cheers!

Congratulations to Prem! Truly well deserved. Cheers!