Marc

Excellent writeup...thank you.

The divergence in share performance between Lagardère and Avolta kills me! Seems like it is stuck with a Bolloré discount...

a man in a leather jacket is standing in front of a pinball machine in a room . ALT: a man in a leather jacket is standing in front of a pinball machine in a room .

I was thinking Arthur Fonzarelli, but he's technically an Italian-American (played by a Jewish actor)

Belated Q3 Portfolio Top Ten (individual stocks only; a bunch in ETFs etc. excluded).

I’ll guess Bob Feller (but I have no real idea)

🧐

Particularly surprising to me because the company was founded by Jack Byrne, former GEICO chief who obviously has Berkshire ties.

Continually surprised how little love White Mountains Insurance $WTM gets from the value community.

This transaction adds $310 per share (+ ~17%) to book value based on an asset that was marked at $91 per share at their annual shareholder meeting - and was just acquired last year.

Upon learning that Jared Kushner is involved in this LBO, one has to be inclined to call a top...

Thank you for this. Not a familiar figure to a modern American audience (despite the many links).

Intrigued by this one...thanks for the idea!

On the watchlist. Baby steps for me...

I finally dipped a toe in Pernod Ricard $RI.PA as the temptation was too much for me- so that's probably a signal you should sell.

Happy to see this. Seems like we will essentially have to wait until the court proceedings play out on the Vivendi takeover before anything significant happens.

I can barely communicate with people from today.

Slightly regretting my lack of patience with my prior Jardines position.

I'm taking this as a contrarian indicator!

At least Cresud "only" lost 8%?

"Only country stupid enough..." - you're talking to someone from a country that put a vaccine conspiracy theorist in charge of its health system.

My prediction for biggest news from earnings release: interim dividend raised to 3 cents!

Wild Forest Company lacks a certain je ne sais quoi in English...

Fascinating. Does HAL take it out at some point?

Hmm…let me guess what political party he’s from.

Why is the issue price so low relative to the market price?

That was so excellent...well done!

Unbelievable how much airtime this topic is getting right now...

I already did and my board of directors refuses to approve a new one...

Agonizing to me that Bol’s buyback is on pause…

Yes...and on top of the sale of its own royalty to FNV, Altius owns almost 20% of Orogen.

To be fair, the takeunder is perfectly consistent behavior for an entity that was one of the original proponents of the First Opium War.