Hints and tips:
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...But otherwise, give me a V-sweet C-suite job any time. As if anyone would....
...cash-pay; d) something else....
...At nearly 12 per cent it dwarfs the 7.5 per cent that US high-yield bonds pay, and is close to the effective yield of super-junky triple-C bonds....
...TCI made $12.9bn for investors and ended last year up 33 per cent, ahead of the S&P 500 index’s 24 per cent rise....
...to c.$1.2bn....
...From S&P’s definitions: A short-term obligation rated ‘D’ is in default or in breach of an imputed promise....
...The S&P 500 is within a per cent or two of taking out the all-time high it set in late 2021. Most bond funds are likely to end the year with gains, too....
...(c) 1 LOB (“Services”) = almost all of Citi’s market cap....
...In the case of the McKinsey report published in 2020, the main study gathered data about diversity on the boards and in the C-suites of more than 1,000 large global companies....
...Housed in the Unité d’habitation — the most famous of the Swiss-French architect’s modernist housing developments throughout Europe — the 21 bedrooms are a monument to a modernist utopia that might have...
...As ratings drop to C and D, the risk of default rises accordingly Developing nations with bad borrowing records may fall into these buckets....
...Robert ArmstrongAnd those together are 100 per cent of my 401(k) so I am in big trouble....
...P Soleil d’Or gives bright yellow berries on red stems, and P rogersiana Flava has glossy yellow fruits....
...(C&K, by the way, rescued themselves in my esteem when they later opened Zédel, on a truly democratic brasserie model.)...
...“Is it true that triple-C firms have interest coverage ratios below 1? Definitely, but that’s always been the case....
...Chart from S&P Global, through September: Part of the reason for this is that companies are making money....
...Chess: 2287 (a) e3 (b) h1 (c) a8 and mate by 1 Qc8 (d) g7. However White arranges his three pieces, the BK always has a flight square at g8 or h7 Chess: 2286 (a) 1 . . . Kg3! and h5-h4-h3-h2 mate....
...But it’s also harsher than the punishment you’d get for shoplifting the audiobook on CD from a truck stop. It’s harsher than the sentence you’d get for hijacking the truck that delivered the CD....
...High-yield (“junk”) bonds pay 8 per cent, and the lowest-quality triple-C junk yields 13 per cent....
...Canada is the world’s fourth-biggest oil producer, pumping 4.8mn b/d of oil last year, of which oil sands accounted for 3.2mn b/d....
...We’ve all seen those ‘farewell’ emails that go viral with ‘F**K YOU BOSS’ spelled out from the first letter of each sentence....
...The chances of (c) are impossible to estimate, even granting that Putin looks weaker now....
...You do the S&P 500 questions. Alexandra Scaggs The S&P is a multinational index. Robin Wigglesworth Yes. Alexandra ScaggsI take no responsibility for whether this is right or not. OK, so 497....
...Opec maintained its forecast that global oil demand will increase 2.25mn b/d next year, assuming China reopens successfully....
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