Locator: 48573WB.
Kentucky Derby today. I may miss it. No bigger. I've lost interest in the Derby but if I watch it, I'll post it for the archives.
This may be my only blog today. Lots of family activities. If there is more blogging it will be later today. I'm particularly interested in Nikola Jokić. I can hardly wait for tonight's game #7, LA Clippers (5) vs Denver Nuggets (4); series tied at 3 - 3. Winner will advance to take on OKC (1).
Disclaimer: this is not an investment site. BRK is one of my bigger holdings. I added to this position in 1Q25 as the market started to implode.
BRK, 1Q25: Warren stepping down!
Immediate thoughts upon reading two articles (CNBC, and The Wall Street Journal) regarding Buffett's comments at for 1Q25:
- financial results FY2024 had absolutely nothing to do with trade, except "emotion, fear, anxiety, misreading the tea leaves, traders, not investors."
- misses; and
- results were much worse than expected
- primary business a disaster
- underlying wholly-owned subsidiaries treading water
- incredibly bad 1Q25 report, particularly in his favorite sector
- insurance particularly bad
- political rhetoric should have had not effect on domestic business
- continues to under-perform; cracks in Geico were beginning to appear last year (2024)
- cash worked well to distract his ardent followers.
- on trade:
- Warren Buffett: global trade wars are bad;
- Trump: that is true, and there would be no global trade wars if no country placed tariffs on imports / exports
Links here:
Can't make a silk purse out of a pig's ear.
**********************************
Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- I've now added Oracle to the disclaimer. I am also inappropriately exuberant about all things Oracle.
- Longer version here.
