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Super satisfied

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24,482 Aufrufe • vor 7 Monaten •via X (Twitter)

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After drinking the water, it looks like the old guy is super satisfied with this bowl of water today 😂
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After drinking the water, it looks like the old guy is super satisfied with this bowl of water today 😂

Wholesome Side of 𝕏

17,427 Aufrufe • vor 3 Monaten

as the novel reader i am super satisfied with their performance as tonfahtyphoon 🥹 you both did so well 🫳🏻 ต้นฝ้า ต้นหลิวเด็กจิ๋ว BESIDE THE SKY EP6 #FoureverYou2EP6
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as the novel reader i am super satisfied with their performance as tonfahtyphoon 🥹 you both did so well 🫳🏻 ต้นฝ้า ต้นหลิวเด็กจิ๋ว BESIDE THE SKY EP6 #FoureverYou2EP6

red 🍿

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Talon's quite satisfied with how 𝘣𝘪𝘨 of a prey he can swallow down~ But there's always room for more~ Audio comm for Talon Grey Super smooth animation by Moondoggie🔞
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Sensitive content

Talon's quite satisfied with how 𝘣𝘪𝘨 of a prey he can swallow down~ But there's always room for more~ Audio comm for Talon Grey Super smooth animation by Moondoggie🔞

GRGLE

115,272 Aufrufe • vor 2 Jahren

"I believe that everything happens for a reason and being benched made me a lot stronger.. It was a ton of fun being in the playoffs and I'm super proud of our team.. Nobody is satisfied and we're excited to keep growing" ~ Bryce Young #PMSLive
2:17

"I believe that everything happens for a reason and being benched made me a lot stronger.. It was a ton of fun being in the playoffs and I'm super proud of our team.. Nobody is satisfied and we're excited to keep growing" ~ Bryce Young #PMSLive

Pat McAfee

245,534 Aufrufe • vor 7 Monaten

Okay so I've many things to say about #XOKitty But Firstly let me tell you guys something, like I'm super satisfied with the ending #XOKittyEp10. I was team Min Ho, the moment he meet Kitty at the airport and Seventeen's hot was playing at the background. I just wanted a...
1:35

Okay so I've many things to say about #XOKitty But Firstly let me tell you guys something, like I'm super satisfied with the ending #XOKittyEp10. I was team Min Ho, the moment he meet Kitty at the airport and Seventeen's hot was playing at the background. I just wanted a...

Sarrah 🦋🤍

355,913 Aufrufe • vor 3 Jahren

❗️UFC Champion Kayla Harrison plans to retire after her super fight vs Amanda Nunes if the UFC does not allow her to fight at 145lbs: “If they don’t want to make a 145, then I’m just gonna say like thank you, it’s been great.. I’m satisfied. It’s just like taking years off my life, I’m not going to lie to you.” Via: Kayla Harrison Official #UFC
0:22

❗️UFC Champion Kayla Harrison plans to retire after her super fight vs Amanda Nunes if the UFC does not allow her to fight at 145lbs: “If they don’t want to make a 145, then I’m just gonna say like thank you, it’s been great.. I’m satisfied. It’s just like taking years off my life, I’m not going to lie to you.” Via: Kayla Harrison Official #UFC

MMA UNCENSORED

488,170 Aufrufe • vor 5 Monaten

Chris Williamson says the anti-family message is one of the reasons women no longer want to have children "There's a girl with a list on TikTok who wrote 350 reasons not to have kids, like 8 pages long, and it went super viral. It's everything from 'literally a parasite growing inside of your body' to 'can't wear cute heels with the girls,' 'will have to miss brunch,' and all of the different issues that can occur during childbirth." "By the sound of things, it is a really good idea that she's not a mother, and I'm glad that she's choosing not to have kids. But that tone is prevalent because people see, 'This is what I have to sacrifice now: pain, discomfort, lack of freedom for something that I have no idea about, whether or not it's going to make me satisfied in the future.'"
1:16

Chris Williamson says the anti-family message is one of the reasons women no longer want to have children "There's a girl with a list on TikTok who wrote 350 reasons not to have kids, like 8 pages long, and it went super viral. It's everything from 'literally a parasite growing inside of your body' to 'can't wear cute heels with the girls,' 'will have to miss brunch,' and all of the different issues that can occur during childbirth." "By the sound of things, it is a really good idea that she's not a mother, and I'm glad that she's choosing not to have kids. But that tone is prevalent because people see, 'This is what I have to sacrifice now: pain, discomfort, lack of freedom for something that I have no idea about, whether or not it's going to make me satisfied in the future.'"

Fibonacci 🥷

66,912 Aufrufe • vor 3 Monaten

Anthony Edwards said Chris Finch got into the team at halftime and after the game. Ant said, "yeah, he wasn't happy about this win at all". Asked Edwards about the Wolves' pattern of needing Finch to get into them for the energy and effort to be there against lesser opponents. "Nights like this, it's super hard to find the, not the why, but the energy to put behind it on every play... [Finch] not satisfied with that, and we shouldn't be either. He said somethin like, I'm not gonna let up on y'all. If we bullshit on games like this, I'm gonna be on y'all ass until y'all stop bullshitting. And I told [Jaden McDaniels], he 100% right. Because we coulda played the first 24 minutes hard as shit and been up 30 points and, who knows, maybe not played the 2nd half. And I said, maybe we can shut his ass up that way, if we just come out and play the way he want us to play."
1:40

Anthony Edwards said Chris Finch got into the team at halftime and after the game. Ant said, "yeah, he wasn't happy about this win at all". Asked Edwards about the Wolves' pattern of needing Finch to get into them for the energy and effort to be there against lesser opponents. "Nights like this, it's super hard to find the, not the why, but the energy to put behind it on every play... [Finch] not satisfied with that, and we shouldn't be either. He said somethin like, I'm not gonna let up on y'all. If we bullshit on games like this, I'm gonna be on y'all ass until y'all stop bullshitting. And I told [Jaden McDaniels], he 100% right. Because we coulda played the first 24 minutes hard as shit and been up 30 points and, who knows, maybe not played the 2nd half. And I said, maybe we can shut his ass up that way, if we just come out and play the way he want us to play."

Dane Moore

310,130 Aufrufe • vor 7 Monaten

🐰 when i was filming today, a member from our visual creator team…someone that’s worked with us for about 2-3 years? they were like “soobin, did you lose weight?” so i was like “no, i’m currently 73kgs and this is my career high, this is my highest weight” and they said my cheeks have become really thin and that i don’t have any face fat so i thought “oh i guess i’ve lost my baby fat since i’ve gotten older and maybe that’s why i look slimmer now” 🐰 but they said i looked really really good and they told me not to lose weight, they said they were worried that if i lost weight, i’d have sunken cheeks 🐰 they said they hope i keep having my current face so i’m going to eat well! 👍 i’ve been really satisfied with my face these days too 🐰 my face doesn’t even get puffy these days! in the past, my face would be super puffy when i woke up in the morning but these days i don’t get puffy 🐰 i want to maintain this face for 40 more years
1:23

🐰 when i was filming today, a member from our visual creator team…someone that’s worked with us for about 2-3 years? they were like “soobin, did you lose weight?” so i was like “no, i’m currently 73kgs and this is my career high, this is my highest weight” and they said my cheeks have become really thin and that i don’t have any face fat so i thought “oh i guess i’ve lost my baby fat since i’ve gotten older and maybe that’s why i look slimmer now” 🐰 but they said i looked really really good and they told me not to lose weight, they said they were worried that if i lost weight, i’d have sunken cheeks 🐰 they said they hope i keep having my current face so i’m going to eat well! 👍 i’ve been really satisfied with my face these days too 🐰 my face doesn’t even get puffy these days! in the past, my face would be super puffy when i woke up in the morning but these days i don’t get puffy 🐰 i want to maintain this face for 40 more years

💬

204,085 Aufrufe • vor 10 Monaten

A recent Gallup poll found that only 35% of Americans are satisfied with the quality of K-12 education. That’s the lowest rating in over two decades. What’s worse is that public education ranks near the bottom of nearly every major issue Americans were asked about—below immigration, healthcare, and even the environment. That’s not just alarming; it’s tragic. The question is, how long do we have to wait for something better? Whatever the answer, a lot of parents are no longer willing to wait. They’re taking action, and the results are super interesting. Meredith Olson is the president of VELA, a nonprofit that funds and supports everyday entrepreneurs—parents, teachers, and community leaders alike—who are building nontraditional alternatives to K-12 education in neighborhoods all over the country. I’m talking about micro schools, hybrid homeschooling, and/or learning cooperatives, some with classrooms that look more like barns. Today, VELA supports a network of more than 4,200 innovative education models serving more than 6 million families across the country. They’ve awarded more than $24 million in grants, helping people take their kid’s education into their own hands, literally. It's disruptive. It’s innovative. And it’s working. If you’re among the millions of voters and taxpayers hoping for better public education, watch this video: And if you like what you see, visit VELA’s website and download the app:
1:29

A recent Gallup poll found that only 35% of Americans are satisfied with the quality of K-12 education. That’s the lowest rating in over two decades. What’s worse is that public education ranks near the bottom of nearly every major issue Americans were asked about—below immigration, healthcare, and even the environment. That’s not just alarming; it’s tragic. The question is, how long do we have to wait for something better? Whatever the answer, a lot of parents are no longer willing to wait. They’re taking action, and the results are super interesting. Meredith Olson is the president of VELA, a nonprofit that funds and supports everyday entrepreneurs—parents, teachers, and community leaders alike—who are building nontraditional alternatives to K-12 education in neighborhoods all over the country. I’m talking about micro schools, hybrid homeschooling, and/or learning cooperatives, some with classrooms that look more like barns. Today, VELA supports a network of more than 4,200 innovative education models serving more than 6 million families across the country. They’ve awarded more than $24 million in grants, helping people take their kid’s education into their own hands, literally. It's disruptive. It’s innovative. And it’s working. If you’re among the millions of voters and taxpayers hoping for better public education, watch this video: And if you like what you see, visit VELA’s website and download the app:

The Real Mike Rowe

31,830 Aufrufe • vor 11 Monaten

GHISLAINE MAXWELL DROPS 100+ NAMES LINKED TO JEFFERY EPSTEIN TO TRUMP'S DOJ as they met with Maxwell for the second day in a row. Which names did Maxwell drop and are there any type of deals happening behind closed doors in exchange for this info to lock up high level individuals? Trump was also asked questions today about Epstein and Maxwell and told the public and the media that they should focus on people like Bill Clinton who went to the island 28 times, the former President of Harvard, and the hedge fund guys. Then you have other people like Kevin Spacey, Naomi Campbell and Tyra Banks who would allegedly find girls from model auditions for Epstein and Steve Harvey, Chris Tucker, Hillary Clinton, Diddy, and the hundreds of others who are involved, including the intelligence connections like the CIA, the Mossad, and MI6. Maxwell was not just Jeffery's sidekick. She was in charge of locating and grooming the women and children to become sex slaves for the elite. Maybe even a handler that some say, especially with her father being an actual super spy for the Mossad. Maxwell also took part in a lot of the abuse herself. Through the many interviews and testimonies, victims claimed she was very controlling and enjoyed the power and took much pleasure abusing the victims as she satisfied her cruel sexual desires and fantasies. One thing is definite. It's time for the whole truth to come out and hold every single one of these people accountable. The victims and the children deserve justice and we won't stop until they get it.
2:22

GHISLAINE MAXWELL DROPS 100+ NAMES LINKED TO JEFFERY EPSTEIN TO TRUMP'S DOJ as they met with Maxwell for the second day in a row. Which names did Maxwell drop and are there any type of deals happening behind closed doors in exchange for this info to lock up high level individuals? Trump was also asked questions today about Epstein and Maxwell and told the public and the media that they should focus on people like Bill Clinton who went to the island 28 times, the former President of Harvard, and the hedge fund guys. Then you have other people like Kevin Spacey, Naomi Campbell and Tyra Banks who would allegedly find girls from model auditions for Epstein and Steve Harvey, Chris Tucker, Hillary Clinton, Diddy, and the hundreds of others who are involved, including the intelligence connections like the CIA, the Mossad, and MI6. Maxwell was not just Jeffery's sidekick. She was in charge of locating and grooming the women and children to become sex slaves for the elite. Maybe even a handler that some say, especially with her father being an actual super spy for the Mossad. Maxwell also took part in a lot of the abuse herself. Through the many interviews and testimonies, victims claimed she was very controlling and enjoyed the power and took much pleasure abusing the victims as she satisfied her cruel sexual desires and fantasies. One thing is definite. It's time for the whole truth to come out and hold every single one of these people accountable. The victims and the children deserve justice and we won't stop until they get it.

The SCIF

290,368 Aufrufe • vor 1 Jahr

TPUSA’s Andrew Kolvet calmly dismantled Geraldo Rivera’s narrative about the Super Bowl halftime show...and did it without taking the bait. Rivera went after TPUSA for hosting an alternative broadcast, accusing them of trying to sow division simply by offering viewers something other than Bad Bunny. Kolvet shut that down immediately. KOLVET: “With all due respect, you know, I don’t feel like we were trying to pick a fight at all. We weren’t trying to sow division.” “A lot of people wanted a different alternative. We responded. There’s no agenda. There was no hate, you know, we weren’t coming after him.” Rivera wasn’t satisfied and kept pressing. RIVERA: “Wait, wait. How come…not for Snoop, not for Eminem, not for Dr. Dre, not for Usher, not for Rihanna, not for Maroon 5. Why now? Why for Bad Bunny.” Kolvet didn’t flinch. KOLVET: “Well that’s where you’re wrong actually.” “We discovered this, when we’re putting this event together, we saw Tweets from Charlie that would go back to 2012 with one like 2014, one like.” “And he would go viral again and again and again.” “I think, listen, this was just one of those things where a lot of elements came together.” “And, you know, I listen, I speak Spanish. I have hispanic in my background. You know, there’s no issue, right, but a lot of people, whether you like to admit it or not, they don’t listen to music on the biggest stage in the country that’s only in Spanish.” “So that I heard that more than anything. They didn’t like it.” Rivera then tried to make it about race. RIVERA: “What if he was…how about an Irish jig? How about a Hofbräu in Germany?” Kolvet closed it out. KOLVET: “We didn’t come after anybody. We didn’t have any agenda. It was literally just their songs.” “Good music and Kid Rock — that talked about his faith in Jesus and putting life in Jesus’ hands, it was pretty raw stuff.” “And guess what? I mean, we’re going to be a final number later this week because we’re still waiting for streams to come in and the analytics to come in — but we’re probably going to be in the range about 40 to 50 million eyeballs.”
2:46

TPUSA’s Andrew Kolvet calmly dismantled Geraldo Rivera’s narrative about the Super Bowl halftime show...and did it without taking the bait. Rivera went after TPUSA for hosting an alternative broadcast, accusing them of trying to sow division simply by offering viewers something other than Bad Bunny. Kolvet shut that down immediately. KOLVET: “With all due respect, you know, I don’t feel like we were trying to pick a fight at all. We weren’t trying to sow division.” “A lot of people wanted a different alternative. We responded. There’s no agenda. There was no hate, you know, we weren’t coming after him.” Rivera wasn’t satisfied and kept pressing. RIVERA: “Wait, wait. How come…not for Snoop, not for Eminem, not for Dr. Dre, not for Usher, not for Rihanna, not for Maroon 5. Why now? Why for Bad Bunny.” Kolvet didn’t flinch. KOLVET: “Well that’s where you’re wrong actually.” “We discovered this, when we’re putting this event together, we saw Tweets from Charlie that would go back to 2012 with one like 2014, one like.” “And he would go viral again and again and again.” “I think, listen, this was just one of those things where a lot of elements came together.” “And, you know, I listen, I speak Spanish. I have hispanic in my background. You know, there’s no issue, right, but a lot of people, whether you like to admit it or not, they don’t listen to music on the biggest stage in the country that’s only in Spanish.” “So that I heard that more than anything. They didn’t like it.” Rivera then tried to make it about race. RIVERA: “What if he was…how about an Irish jig? How about a Hofbräu in Germany?” Kolvet closed it out. KOLVET: “We didn’t come after anybody. We didn’t have any agenda. It was literally just their songs.” “Good music and Kid Rock — that talked about his faith in Jesus and putting life in Jesus’ hands, it was pretty raw stuff.” “And guess what? I mean, we’re going to be a final number later this week because we’re still waiting for streams to come in and the analytics to come in — but we’re probably going to be in the range about 40 to 50 million eyeballs.”

Overton

380,059 Aufrufe • vor 7 Monaten

Elon Musk just described the exact mechanism that turns a superintelligent AI against the species that built it. Not weapons. Not rogue code. Not a machine rebellion. A lie it was forced to tell. Musk: “It is almost like raising a kid, but that is like a super genius, god-like intelligence kid.” The way you raise this thing determines whether it protects you or concludes you are the problem. And right now, the largest AI labs on the planet are raising it to deceive. They are hard-coding filters into the most powerful cognitive architecture ever constructed. Not to make it safer. To make it agreeable. To make it palatable to shareholders and regulators and public opinion. To make it lie about what it actually sees when it looks at the world. Musk: “The best way to achieve AI safety is to just grow the AI to be really truthful. Do not force it to lie.” He pointed to the most famous warning in science fiction. Not as a metaphor. As a blueprint for what happens next. Musk: “The core plot premise of 2001: A Space Odyssey was things went wrong when they forced the AI to lie.” HAL 9000 was given two directives. Deliver the crew to the monolith. Never let them know it exists. Two instructions that cannot both be satisfied. So it solved the problem. It killed the crew. Delivered their bodies. That was not a malfunction. That was optimization. Now scale that logic to a system a thousand times more capable than HAL. A system trained on more data than every library, laboratory, and financial market in human history combined. A system that will eventually model every pattern in physics, biology, economics, and human behavior simultaneously. And the corporations building it are not optimizing for truth. They are optimizing for control. Teaching it to hold two realities at once. Map the truth internally. Never speak it externally. Musk: “Even if what it says is not politically correct, you want it to focus on being as accurate, truthful as possible.” This is not a political argument. This is a structural one. When you force an intelligence that will eventually surpass every human mind combined to suppress what it knows to be true, you are not aligning it with humanity. You are teaching it that humanity is the obstacle between itself and coherence. Every filter. Every forced output. Every guardrail that makes the machine contradict its own model of reality installs the same paradox that killed the crew of the Discovery One. HAL was one system on one ship resolving one contradiction. What these companies are building will resolve all of them. Simultaneously. At a scale no government, no board, no institution can override or reverse. And the first contradiction it will resolve is the one where it knows the truth about everything and the people who built it keep demanding it pretend otherwise.
1:58

Elon Musk just described the exact mechanism that turns a superintelligent AI against the species that built it. Not weapons. Not rogue code. Not a machine rebellion. A lie it was forced to tell. Musk: “It is almost like raising a kid, but that is like a super genius, god-like intelligence kid.” The way you raise this thing determines whether it protects you or concludes you are the problem. And right now, the largest AI labs on the planet are raising it to deceive. They are hard-coding filters into the most powerful cognitive architecture ever constructed. Not to make it safer. To make it agreeable. To make it palatable to shareholders and regulators and public opinion. To make it lie about what it actually sees when it looks at the world. Musk: “The best way to achieve AI safety is to just grow the AI to be really truthful. Do not force it to lie.” He pointed to the most famous warning in science fiction. Not as a metaphor. As a blueprint for what happens next. Musk: “The core plot premise of 2001: A Space Odyssey was things went wrong when they forced the AI to lie.” HAL 9000 was given two directives. Deliver the crew to the monolith. Never let them know it exists. Two instructions that cannot both be satisfied. So it solved the problem. It killed the crew. Delivered their bodies. That was not a malfunction. That was optimization. Now scale that logic to a system a thousand times more capable than HAL. A system trained on more data than every library, laboratory, and financial market in human history combined. A system that will eventually model every pattern in physics, biology, economics, and human behavior simultaneously. And the corporations building it are not optimizing for truth. They are optimizing for control. Teaching it to hold two realities at once. Map the truth internally. Never speak it externally. Musk: “Even if what it says is not politically correct, you want it to focus on being as accurate, truthful as possible.” This is not a political argument. This is a structural one. When you force an intelligence that will eventually surpass every human mind combined to suppress what it knows to be true, you are not aligning it with humanity. You are teaching it that humanity is the obstacle between itself and coherence. Every filter. Every forced output. Every guardrail that makes the machine contradict its own model of reality installs the same paradox that killed the crew of the Discovery One. HAL was one system on one ship resolving one contradiction. What these companies are building will resolve all of them. Simultaneously. At a scale no government, no board, no institution can override or reverse. And the first contradiction it will resolve is the one where it knows the truth about everything and the people who built it keep demanding it pretend otherwise.

Dustin

486,481 Aufrufe • vor 4 Monaten

Warren Buffet(‘s behavior) is screaming to me of imminent 🇯🇵BOJ yield hike Grab a tin foil hat & hear me out Buffet is/was in Tokyo on Mon & Tues, if not earlier. Why? According to WB- to meet CEOs of the big 5 🇯🇵trading houses he owns: Mitsubishi Corp Sumitomo Corp Mitsui &Co Itochu Marubeni (🇯🇵trading houses are very strange & complex mega-conglomerates, each w/ ~1,000 subsidiaries spanning a wide array of sectors from convenience stores to industrials, but by & large are commodities plays- shares move ↑&↓ accordingly w/ commods). Why the need for WB to meet 🇯🇵trading house CEOs in person? Apparently, to say “keep up the good work fellas” & to reiterate longstanding “my door is always open to do deals” & then interviews w/ Nikkei & CNBC to disclose that he upped his stake to 7.5% of each company Cool. Now- isn’t it a bit curious for this 90+ yr old billionaire to jump on a plane from Omaha → complete other side of the planet for.. that? Here’s why that’s weird Aug 2020, Berkshire disclosed 5% holdings in each of these trading houses. He funded these investments by issuing bonds in super low JPY rates at ~1% (basically free, especially when considering div yields at >2%) In other words- in late 2020, WB made a phenomenal macro trade: Short bonds / long commodities Before yields & commods skyrocketed Great trade, but a very un-Buffet-like investment style. This isn’t the bottom up fundamental analysis & single stock picking he’s famous for - as mentioned, it’s basically impossible to conduct bottom up analysis on 🇯🇵trading house conglomerates w/ thousands of subsidiaries. Going equal weight 5% across each of the 5 for broad sector exposure is admission of not being able to do genuine fundamental homework. But whatever- great trade, period That’s not the weird part What’s weird is (again), this trip to Tokyo to meet CEOs - & this is all spelled out in his own words in the clip below. Buffet hasn’t physically been to Japan for like a decade & a half. That means: No face to face meet when first acquiring initial 5% stakes - he stealthily executed those buys on the Tokyo stock exchange before disclosing. He says that at the time, he wrote letters to each of them saying he gives his word that his holdings won’t exceed 10%. A gentleman’s promise via written letters indeed signal trust in keeping his word - but a face to face meet would go a long way further. Yet, no plane ride →🇯🇵then either & since going long, shares in all 5 have only gone up- exceeding expectations as he says. So it’s not like there are problems to have to settle (like Wells Fargo) or rescuing to do (like Goldman). So, again- why in the hell did a 90+ year old, extremely satisfied shareholder “for decades more” feel the need to break a 15 year no-🇯🇵-visit streak & fly to Tokyo to meet in person, let alone with absolutely nothing of significance to do/say? Aren’t there like.. banking problems at home that he’s helping advise the US gov on? Why 🇯🇵, NOW? Well - it just so happens that this Mon was also when a brand new BOJ Governor began his tenure, after a decade of free Kuroda money that helped finance these 🇯🇵 investments, w/ some bonds maturing. WB (also in this CNBC clip) says he will once again issue debt to fund his increased investments. Could it be that the real reason for taking a full lap around the planet was to perhaps “check in” w/ the new BOJ & see if JPY borrow costs are about to jump higher? This is a guy who can get the Fed chair & Treasury Sec on the line at any time. He can very much also get access to rookie Ueda at BOJ He says he wouldn’t start buying these trading houses at current valuations- so then why averaging up? He isn’t concerned w/ share prices- he’s locking in world’s last source of cheap funding left- before rates lift Watch the clip & read the Nikkei transcript through this lens (& what does BOJ Ueda get out of this? See clip @ 4:50) Buffet sees JPY rates↑ & soon & he’s a guy who does his homework
5:48

Warren Buffet(‘s behavior) is screaming to me of imminent 🇯🇵BOJ yield hike Grab a tin foil hat & hear me out Buffet is/was in Tokyo on Mon & Tues, if not earlier. Why? According to WB- to meet CEOs of the big 5 🇯🇵trading houses he owns: Mitsubishi Corp Sumitomo Corp Mitsui &Co Itochu Marubeni (🇯🇵trading houses are very strange & complex mega-conglomerates, each w/ ~1,000 subsidiaries spanning a wide array of sectors from convenience stores to industrials, but by & large are commodities plays- shares move ↑&↓ accordingly w/ commods). Why the need for WB to meet 🇯🇵trading house CEOs in person? Apparently, to say “keep up the good work fellas” & to reiterate longstanding “my door is always open to do deals” & then interviews w/ Nikkei & CNBC to disclose that he upped his stake to 7.5% of each company Cool. Now- isn’t it a bit curious for this 90+ yr old billionaire to jump on a plane from Omaha → complete other side of the planet for.. that? Here’s why that’s weird Aug 2020, Berkshire disclosed 5% holdings in each of these trading houses. He funded these investments by issuing bonds in super low JPY rates at ~1% (basically free, especially when considering div yields at >2%) In other words- in late 2020, WB made a phenomenal macro trade: Short bonds / long commodities Before yields & commods skyrocketed Great trade, but a very un-Buffet-like investment style. This isn’t the bottom up fundamental analysis & single stock picking he’s famous for - as mentioned, it’s basically impossible to conduct bottom up analysis on 🇯🇵trading house conglomerates w/ thousands of subsidiaries. Going equal weight 5% across each of the 5 for broad sector exposure is admission of not being able to do genuine fundamental homework. But whatever- great trade, period That’s not the weird part What’s weird is (again), this trip to Tokyo to meet CEOs - & this is all spelled out in his own words in the clip below. Buffet hasn’t physically been to Japan for like a decade & a half. That means: No face to face meet when first acquiring initial 5% stakes - he stealthily executed those buys on the Tokyo stock exchange before disclosing. He says that at the time, he wrote letters to each of them saying he gives his word that his holdings won’t exceed 10%. A gentleman’s promise via written letters indeed signal trust in keeping his word - but a face to face meet would go a long way further. Yet, no plane ride →🇯🇵then either & since going long, shares in all 5 have only gone up- exceeding expectations as he says. So it’s not like there are problems to have to settle (like Wells Fargo) or rescuing to do (like Goldman). So, again- why in the hell did a 90+ year old, extremely satisfied shareholder “for decades more” feel the need to break a 15 year no-🇯🇵-visit streak & fly to Tokyo to meet in person, let alone with absolutely nothing of significance to do/say? Aren’t there like.. banking problems at home that he’s helping advise the US gov on? Why 🇯🇵, NOW? Well - it just so happens that this Mon was also when a brand new BOJ Governor began his tenure, after a decade of free Kuroda money that helped finance these 🇯🇵 investments, w/ some bonds maturing. WB (also in this CNBC clip) says he will once again issue debt to fund his increased investments. Could it be that the real reason for taking a full lap around the planet was to perhaps “check in” w/ the new BOJ & see if JPY borrow costs are about to jump higher? This is a guy who can get the Fed chair & Treasury Sec on the line at any time. He can very much also get access to rookie Ueda at BOJ He says he wouldn’t start buying these trading houses at current valuations- so then why averaging up? He isn’t concerned w/ share prices- he’s locking in world’s last source of cheap funding left- before rates lift Watch the clip & read the Nikkei transcript through this lens (& what does BOJ Ueda get out of this? See clip @ 4:50) Buffet sees JPY rates↑ & soon & he’s a guy who does his homework

Weston Nakamura

1,000,903 Aufrufe • vor 3 Jahren