$FFH
open.spotify.com/show/1s3K1qA...
16.01.2026 18:41
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They should trade it for KAT. I am an unbiased, neutral observer.
The question probably becomes more like “how do you make this profitable when Alphabet and Microsoft figure it out and give it away as part of their business packages?”
Maybe Buffett was able to generate those early returns because he wasn’t forced to talk about the companies every day
At this point, I think everyone knows the KAT situation is unsustainable. Even when he’s playing well, his pairing with Brunson doesn’t work on defense.
The question is when, not if, New York pulls the plug.
Really weird too considering KAT’s history in Thibs system.
I know the fanbase had soured on him, but odd the organization was so desperate to move Randle.
In the 3 years since the Knicks acquired Josh Hart, they have gone 166-104 (.615 winning percentage).
That's the fourth most wins in the NBA.
The only teams with more victories than New York during this stretch are the three teams that have won titles (OKC, Boston and Denver).
Brutal.
If you are anxious and sad about the state of the world, that's fine, and there are plenty of strategies for dealing with that. But I think you already know that drive-by online dooming isn't a strategy. It's selfish and adolescent. It's a contagion that only spreads the worst of you, not the best.
Nike CEO Elliott Hill: "Our strategy is to make certain that wherever the consumer chooses to shop for our product, that we show up in a really thoughtful way in terms of the assortment for that specific consumer."
Finally received my Berkshire cult initiation materials.
I loved “The Power Broker”, so I’m in the tank for Robert Caro already, but this book about his reporting and research processes really lit a fire for me.
The best investing book I’ve ever read.
The best [insert your occupation here] book I’ve ever read.
I think we all kind of know in the back of our minds we should slow down and be more methodical with our work.
“Working” is inspiration on steroids in that respect.
There seems to be a mismatch in style in the roster that seems to create tension. Mitch, OG, Deuce, Hart play one way, Brunson, KAT, Bridges play another, and you could see how the groups get irritated with each other regarding effort on either side of the ball.
Always feels worse when they get pushed around. Agree it’s mostly handwringing over nothing.
In hindsight his switching to 4-4-2 over the past month was telling. He was doomed the moment it looked like it was working.
I wonder if it had less to do with the transfer issues and more with the “I’m out of here when my contract is up” bit.
2025 returns:
GOOG +65%
NVDA +39%
SPY +18%
MSFT +16%
META +13%
TSLA +11%
AAPL +9%
AMZN +5%
Just 2 out of the Mag 7 beat the market last year
Some other surprises here:
awealthofcommonsense.com/2026/01/6-su...
5 stars.
I can’t believe it took me so long to read this short story.
www.goodreads.com/book/show/92...
Among my favorite things about Warren is that, despite reaching the pinnacle in his field and accumulating vast wealth, he didn't believe it made him an expert on every topic of public interest - insisting that every opinion held be heard.
I'd recommend this example to some people.
We won’t see a “top” until these list and flame out. Too much liquidity needed for investors to allow the market to drop before it happens.
May not be correlated at all, but I have noticed a rotation into Markel and Fairfax over the past 6 months. But you’re right, the multiple is too high.
My guess is they don’t use the money to buy a big slug of Amazon, Alphabet, etc., but instead wait for a Solomon Bros, Goldman Sachs, BOA type of bailout at ridiculous terms.
For sure. I don’t look at it as dead weight yet, but understand why someone not part of the cult (I’m guilty) sees it that way.
One of the few public statements we’ve gotten from Greg focused on how Berkshire values being a safe haven in times of stress.
Operating PE has been the targeted shift, I think. Trying to get away from the fluctuations of the equity holdings.
Not sure the equity portfolio is the story anymore. Greg is an industrial operator, and half the cash on the balance sheet has to be held in reserve.
Snippet from Michael Cembalest's (JPM) latest: "Tech capital spending in 2025 was roughly equal to the Manhattan Project, farm electrification, the Moon Landing, the Interstate Highway system and several FDR-era public works projects combined, measured as a share of GDP"
Couple more drinks then reassess
Yearly reminder that you CAN just become a different person, you're not as imprisoned in your life as you think. You can just be the one who dresses nice or exercises or reads a lot, or whatever. You can just start doing it, some people might make fun of you but they don't really care.
Gimmicky low-N data analysis -- times in the past 25 years when the Nasdaq 100 was down in both November and December:
2000 (!)
2007 (!)
2011 (okay not exciting)
2018 (good buying opp)
2025* (if we closed here)