Investor Intelligence Bullish View
Saturday, April 30, 2022
Munger and Buffett (some) Nuggets today via Bloomberg:
- A question about oil production, and whether the U.S. should be doing something differently.
- Munger takes this one. He says he likes having big reserves of oil -- he’d prefer to pay for oil from the Middle East and conserve domestic supplies. He concedes it’s a rare view. “It doesn’t bother me, I just think they’re all wrong.”
- Buffett: “I essentially believe people are now behaving somewhat more tribal than they have for a long time. People are always going to be partisan, they’re going to have religious beliefs... but it gets pretty tribal.”
- “I’ve been tribal. We’re confessing today,” he said. “It’s fun to participate in, but it can get very dangerous when one group of people say 2+2 is five, and another group says 2+2 is three.”
- “It’s stupid because its likely to go to zero, it’s evil because it undermines the Federal Reserve system,” Munger says. “It makes us look foolish compared to the communist leader in China,” who banned Bitcoin.
- Munger says he has a slightly different way of looking at it. “In my life I try and avoid things that are stupid, evil and make me look bad in comparison with somebody else. And Bitcoin does all three.”
Pakistan scorching temps up to 120.2F or 49C today "IN APRIL"
NASDAQ Composite ending Friday down by 4% and the whole of April by 13%: its worst monthly performance since 2008.
Bloomberg: Lin argues China should aim for GDP per capita in 2050 to be 50% that of the U.S.—up from around 16% today.
Seems to me that figuring out how to build and sell a car is a lot easier than figuring out free speech – so good luck with that Elon. Btw, Mobileye seems to be ahead of you with the car part..
- (San Diego Union Tribune) In the service territory of San Diego Gas & Electric, more than 356,000 residential customers have missed payment deadlines through March. Applying SDG&E’s figure to its overall residential base of about 1.33 million, that means 26.7 percent of SDG&E residential customers are behind on their bills.
- Tesla’s biggest competitor, Mobileye, is ramping up its robotaxi business this year already (in 2022). Tesla is at least two years behind.
Friday, April 29, 2022
% of 40 World Stock Markets with 5 Week Avearge above 20 Week Average. If that # ever gets back to zero it could / maybe / perhaps/ conceivably be a good time to buy. (Just perchance) Unless of course - see below
Now this: Buffett meeting today - Buffett says that there is a risk every day -- a very, very tiny
risk. And the world’s flipping a coin everyday as to whether people who can
ruin the world will do it, he says.
The major problem is for people who have large stocks of nuclear
weapons. It is a very, very dangerous world, Buffett says.
Munger chimes in saying that there’s no way to protect against
a nuclear attack, joking that some guy has said that he’ll crawl
under his desk if there’s an attack and kiss his rear goodbye.
Buffett says that there is a risk every day -- a very, very tiny
risk. And the world’s flipping a coin everyday as to whether people who can
ruin the world will do it, he says.
The major problem is for people who have large stocks of nuclear
weapons. It is a very, very dangerous world, Buffett says.
Munger chimes in saying that there’s no way to protect against
a nuclear attack, joking that some guy has said that he’ll crawl
under his desk if there’s an attack and kiss his rear goodbye.
Tuesday, April 26, 2022
Monday, April 25, 2022
Sunday, April 24, 2022
Wednesday, April 20, 2022
Saturday, April 16, 2022
Tuesday, April 12, 2022
Sunday, April 10, 2022
Saturday, April 09, 2022
Thursday, April 07, 2022
Tuesday, April 05, 2022
Mushrooms - vocabularies of up to 50 words, and that the distribution of these “fungal word lengths” closely matched those of human languages.
Notes today:
President Zelenskyy tells UN Security Council: Act now on Russia or dissolve yourself altogether.
63 Republicans Vote Against Resolution Expressing Support for NATO
Bill Browder: While nearly every Western business has exited Russia, the American Chamber of Commerce in Moscow continues to hold business events.
- Forbes says the total wealth of the world's billionaires has dropped to just $12.7 trillion. I feel for them.
- “We appeased Viktor Orbán … and we, the union, appeased
Vladimir Putin. And if we continue on this path..We will find ourselves obsolete.”
- FT: 'They are already carrying out an active campaign to hide their guilt of mass murders of civilians in Mariupol,' Volodymyr Zelensky said in a video address.
- Denmark is temporarily shelving its debt ceiling to help finance costs related to the war in Ukraine.
- Kinzinger on his party: "We are being governed by a bunch of children ... There's a genocide going in Ukraine -- and the outrage is what's happening in a Walt Disney" world..
Russian Embassy in Ireland is running out of fuel for heating and hot water as Irish oil companies refuse to deliver supplies.
Sunday, April 03, 2022
Notes today:
- AP: Lithuania says it has cut itself off entirely of gas imports from Russia, apparently becoming the first of the European Union's 27 nations using Russian gas to break dependence from Moscow. In 2015, it was almost entirely dependent on Russian gas imports.
It is high time, for ALL Europeans to stop all oil and gas purchases from Russia.
Saturday, April 02, 2022
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