Jurgis

I would say Liberties have that opportunity too. Anyway, merkhet is right that there is also risk with LBTYA, so do your own DD. Edit: obviously the forum namesakes BRK and FFH may buy more Euro businesses too. Edit 2: I wonder if BRK wrote any specialty Brexit (re)insurance.

LBTYA is below February low according to Yahoo, but I am not sure if they adjusted the chart for LILA distribution.

Economist says it better than I ever could: http://www.economist.com/news/leaders/21701265-how-minimise-damage-britains-senseless-self-inflicted-blow-tragic-split I should invest more into EXOSF just because they bought the bloody paper.

Right, investment-wise, I guess my GDWN.GB position and some minor UK holdings will take it in chin. I may add to GDWN or not - though I doubt it goes below Feb/March 1600 prices. EXOSF might drop a bunch - might add. The rest is US mostly, so it will depend on whether market goes nuclear down or takes it in a stride. Like Buffett says about these things, longer term it will work out. Assuming we are not going into full blown isolationism & depression across the globe (which I don't predict yet).

I position myself strongly politically. I did not position myself strongly investment-wise. Although I guess I could have gone market neutral today - might have been smart thing to do with 20/20 past vision. (No smilies, not in a smiling mood).

That's true, but he could have lived nicely ever after with much smaller balls if he did not invoke the referendum in the first place. Ah, yes, another lesson: Never, ever, bank on referendum going your expected way. There's a reason most things are not decided by referendums and that referendums seldom give good results.

From the non-involved point of view (which is hard for me, but), couple lessons: It's so easy to screw up everything by pandering to opinions you don't like or support. Cameron was an idiot to let the referendum genie out of the bottle. Prediction markets sometimes have no clue. https://www.gjopen.com/questions/149-will-a-majority-of-voters-in-britain-s-upcoming-referendum-elect-to-remain-in-the-european-union (see graphs and stats).

Condolences to everyone who stood for united Europe. It is a sad day, a sad day indeed. We can only hope that the tide will turn again and Europe will come out of this strong at some point in the future. For now though, this future is in question. :'(

Talk to Warren about Coke... oh, wait, he did not sell. Maybe that's the lesson: it only works - well, it doesn't, but let's say it does - if you just hold it forever and you don't sell. Since otherwise you just sell them and they become even more overvalued and you kick yourself. And by the time they are cheap, they are 300B-500B company and the "cheap" means they ain't gonna grow anymore. Say hello to AAPL, GOOGL, FB, MSFT, ISRG, AMZN, NFLX, etc.

Depends on which prices you use. For each LBTYA you got ~0.125 LILA today. This is ~4.35. If you use most of today's LBTYA prices vs most yesterday's prices, it's a wash. If you look at today's lows, LBTYA was cheaper today, if you look at the highs, it was cheaper yesterday. But yeah, LILA dropped more.

We'll keep you in mind when my wife decides to sell her startup.... ...or maybe not. :P Good luck. Keep us posted how it goes. :)

Sounds like a possibility in theory. In practice - well, the devil is in the details. Like with everything else, why would someone sell you a profitable business for cheap? And if they do, how certain are you about the niche, the sales, the contracts, whether it's not a melting ice cube, single customer risk, key personnel risk, etc. I guess you can develop the knack for it eventually, but the first couple are likely to be learning experiences ... unless you buy in the middle of a meltdown from forced sellers when nobody else has cash to buy. From the other side: you might as well ask about buying small premium chocolate companies, I hear they are great cash cows. ;) (not a novel idea, there are companies who already are buying small chocolate companies, see BFCF/BBX filings ...)

And both LBTYA and LILA down today. Maybe opportunity if someone wants to add.

Wow, this sucks. Poor guy. Rest in peace.

Tracking positions maybe? I do that sometimes just to be sure that I revisit and possibly buy a lot when I see the stock down 50% or some number. Although price alerts may work as well...

A person I know did this and was stopped for it. Apparently, this is not even a ticket - it's misdemeanor. Or maybe the cop was just trying to scare them. YMMV. Possibly considered https://en.wikipedia.org/wiki/Reckless_driving ( may depend on the state ).

Wait, this is not "The Bachelor" 2016 season? ??? I have to change the channel asap.

Right. It's not clear that people want democracy per se. Good economic conditions probably trump (eh, not a pun) the political system. So if you give people lots of money and games and generally good/great living conditions, they might be happy with a dictatorship or whatever. Of course that's in ideal case. In reality things are in shades of grey: the system's not perfect, not everyone gets good living conditions, etc. So China can go in a multitude of directions depending. We'll just have to see.

Yeah, any extra SEC reporting / regulative costs for exchange listed companies make moving to OTC (OTCQB or OTCQX) more attractive. I don't know how many companies choose VC/P-E vs. OTC, but OTCM is definitely trying to get some of that business. Also don't know if the trend has (mostly) run its course or if we have way more in front. This could make OTCM bull/bear cases. :) The push from the bottom (Pink -> OTCQB or OTCQX) is more pure money for OTCM. Maybe not huge, but there.

I suggest China build iPhone part factory on the artificial island in the South China Sea.

First of all OTC No Info trading is likely very small percentage of OTCM revenues. So far I know only two nanocap stocks that are OTC No Info. Both also have negligible volumes. Second, I will not switch to IBKR for any reason. I've already said multiple times that IBKR is really crappy broker with brain damaged user interface and no care for customers. Avoid. So, yeah, I just won't buy OTC No Info stocks. If I cared enough, I'd email the company to tell them that they are screwing their shareholders by providing no info. But so far I don't think I care enough.

And the answer will be: "OK, Apple, you no longer sell phones in China". In Soviet China, there can be no iPhone. Only wePhone.

There, fixed that for you. ;)

This shouldn't affect OTCM much, but just for general info: Fido no longer allows opening positions in OTC Pink "No Info" stocks:

Apparently the expectation with the new stadium is that you will pay them through the nose...