giofranchi

No, of course I don’t… I guess the same old Italy of the ‘80s and ‘90s… Not great, but neither suffering… Understand that inside Italy we have always struggled with the same problem the EU is facing now: a very productive north and an idle, much poorer south… And we have never been able to solve it! Northern Italy, before the introduction of the Euro, was one of the richest region in Europe… Probably no more! Gio

Well… You can attack me personally, if that makes you feel good… ::) But it doesn’t change the truth: all the good done by the EU for Italy has been destroyed by the Euro… Therefore, of course the EU is much more than the Euro, unfortunately though the Euro is a brainchild of the EU… If the Euro doesn’t work, probably something is not working well with the EU too! Gio

I don’t know where you live… So I guess your country has benefited much from this “so-called” EU… And I won’t speak for Greece, nor Spain, nor Portugal, nor France, because I have never lived there (actually I have lived in Barcelona for two year, but let’s disregard that!)… I speak for Italy though: if you think this “so-called” EU, or worse still the Euro!, have “brought jobs, well being and prosperity” to Italy… well then, believe me, you have no idea what you are talking about. Cheers, Gio

Yeah! That’s what everyone keeps repeating… But what do we mean when we say “irrelevant”?... Irrelevant like… Switzerland?... Like Singapore?... Like Hong Kong?... Like The Cayman Islands?... Well, I think in those places people are living much better than in Greece, Spain, or Italy right now! So, who really care if they are “irrelevant”?!... This is what I would suggest: let’s concentrate our efforts and thinking in trying to find new things, products and services, people truly want and need… instead of wasting so much time and resources trying to make this so-called EU work! Gio

Of course I don't know the solution... But I think you shouldn't allow this! Cheers, Gio

http://www.inc.com/justin-bariso/50-brilliant-tweets-quoting-steve-jobs-bill-gates-warren-buffett-and-richard-bra.html?cid=sf01001 Gio

If I had the opportunity to buy a private business that I like a lot, I would gladly sell my whole stock portfolio. Stock portfolio that I would start rebuilding again with a much larger free cash flow than the one I have at my disposal today. Cheers, Gio

Ok. It sounds reasonable! ;) Cheers, Gio

Of course I agree with everything Aurelien writes in the attached article. Cheers, Gio BH-July52015.pdf

June 2015 Performance Report Gio Performance-Report-June-2015-PSH.pdf

Thank you! ;) Gio

I have changed the title of this thread… Someone has made me notice the word “girl” is not how I want to refer to a person who is 30 and a self-made billionaire…!! Of course, mine has been only a second-language mistake… And I couldn’t hold Miss Homes in higher respect than I already do! ;) Cheers, Gio

Looks like the answer could be over. Damn… With insight I made a mistake selling BH to buy TDG… I was hoping the share would trend lower once the tender was over… It looks like I was dead wrong… After all, when I find something I like, I must sell something else, right? Not many other choices…! I could have sold a more expensive stock though… :( Gio

http://www.inc.com/larry-kim/21-surprising-facts-about-the-world-s-youngest-female-billionaire.html Gio

If finally true, which % of BH is the Lion Fund going to own? Gio

Thank you! Could you please share your valuation of CBRL with us? Many think it is fully priced right now. Cheers, Gio

Depending on what you think BVPS growth looks like for the long run, the stock could be worth a hell of a lot more than 1.75x. I agree! ;) Cheers, Gio

Congratulations! ;) Cheers, Gio

http://seekingalpha.com/article/3296485-does-valeant-have-the-financial-flexibility-to-acquire-zoetis?auth_param=7i5hb:1ap7msd:49b9c6b64b1bbc2faf1adcdf43f3db91&uprof=25 Gio

https://hbr.org/2015/02/are-you-proud-of-how-youre-spending-your-time?utm_campaign=Socialflow&utm_source=Socialflow&utm_medium=Tweet Gio

87 incredibly motivating quotes that will inspire you to succeed http://www.inc.com/bill-murphy-jr/87-incredibly-motivating-quotes-that-will-inspire-you-to-succeed.html?cid=sf01001 Gio

Agreed. As I have said, I really don’t know. And I don’t understand what’s going on here… If ZTS stock price doesn’t come down, it might be too pricy for VRX to consider buying… On the other hand, if its stock price comes down, Ackman would lose the paper gains he has enjoyed so far… Therefore, how is Ackman going to profit from here? And if he can’t, why is he not simply selling? Gio

Sincerely, I don’t know… If you ignore how much fat could be cut off, how can you judge how reasonable a bargain ZTS might prove to be for VRX? VRX, 3G, and others have shown very clearly by now that true value is found where other investors don’t see it. Because other investors are not ultimately able to foresee which results could be achieved by running things more efficiently! Cheers, Gio

Has anyone been able to find out about the currency used when calculating NAV growth? Seems like a make-or-break question. I asked Investor Relations recently, they didn't have an answer(!), said they'd get back to me. In USD, of course! FIH reports results in USD! Watsa has commented he doesn’t think this will be a problem, because he sees the rupee appreciate against the USD from now on… Despite, or perhaps in part because of, what has happened during the last few years. Gio

Eurozone inflation eases, reviving deflation fears http://www.marketwatch.com/story/eurozone-inflation-eases-reviving-deflation-fears-2015-06-30?link=MW_home_latest_news Gio