Jurgis

He said it was unlikely and cited the reasons why its complicate for BRK to buy one. I left with the impression that he might consider it in extraordinary circumstances. Yeah, he's too smart to not leave himself an out. I'll bet that he won't. See him buy airline tomorrow. 8)

He explicitly said he won't buy an airline.

I'm more familiar with airlines than other areas, but planes are somewhat unique. You can't move a factory or store to a new route when business is bad. When Circuit City fails, Best Buy benefits. When Toys R Us fails, Walmart benefits. When Air Canada went bankrupt, they renegotiated their labour deals, cut pension funding, and were able to cut costs so they could compete with WestJet. This cycle might not be as pronounced since the last round of bankruptcies was so recent. I was thinking energy cos. ;) I agree that retail capacity is removed quite a bit when they go BK. This is not true for a bunch of other cos. Anyway, we are in agreement. :)

You think Buffett would buy E&P even if it is cheap? I'd think it's too commodity and too future-uncertain. BTW, I think he might buy OXY notes or prefs or even stock as a trade. But not whole co.

I think that's an issue with bankruptcies in a lot of areas...

Now I am concerned. :-\

Interesting question is what Buffett could be buying instead? There are only few banks that he might be buying without crossing 10%. Same with airlines. If he's buying AAPL, that's huge balls considering his existing position. What else?

Depends on the time frame you are looking at. And whether you want market correlated return/investment. When is this supposed to close? Edit: latest news says close in first half of 2020.

No, just hodl dyno-coin.

Didn't you just say: ? Yep---that's the dumbest purchase ever, but if you look up thread a few pages, you can see the previous discussion. I will personally be looking at puts for companies I think are going to zero. OK. Got it. Your question was just trolling. ::)

Didn't you just say: ?

You haven't seen extinction level event until you have seen zombie apocalypse. ... Although on some days I'm not sure if we haven't been invaded by zombies already. ::)

No sh!7! They are still in business? Must be wide moat! 8)

V, FB, GOOG. EXPE, BKNG for adventurous. BRK for conservative.

Easily understandable. This situation is just like Huawei. We all know that BYD is an agent of the Chinese government and it will surreptitiously insert a whole host of sensors and cameras into the hopper of the garbage trucks to read all of the sensitive information off of our garbage. This information will be transmitted back to the Chinese government who will undertake nefarious acts with this ill-gotten intelligence. At least the US government is on top of this one! SJ Now they are stealing our garbage? I knew it! Devious communists: first they refuse to import our garbage while getting paid for it, now they steal it without getting paid. ::)

This was posted in another thread, but I think it should be posted here too: https://www.nbcnews.com/news/us-news/young-people-capitalize-cheap-coronavirus-flights-if-i-die-i-n1154326 YOIO Containment be damned.

MIT moves to all online classes after spring break: http://web.mit.edu/covid19/ Students are not going to come back (with virus).

Where do I stand? I don't have much to say that has not been said here by multiple people. But to summarize briefly: - Eradication through containment (which is what happened with SARS presumably) is very likely doomed by now. - If there is no eradication through containment, then it is possible the virus will stay around for long time or forever. I am not an expert if/how widely distributed viruses could disappear. There might be mechanisms apart from everyone getting (some) immunity eventually. - Containment through preventative measures/testing/quarantine/lockdowns is likely beneficial to flatten the infection curve and to provide time for vaccine/drug development and testing. I believe that even if testing/quarantine/lockdowns don't stop the virus spread completely. So I don't agree that testing/quarantine/lockdowns are worthless. They can be targeted and implemented better or worse. - I am not an expert on transmission speeds and have not run transmission models. It is pretty clear that transmission is not guaranteed, which explains why (some) infected people don't infect everyone they might have interacted with. There might be secondary factors why certain cases/patients/localities have higher transmission rate than others. I think this is one contentious topic between people who think "it's not a big deal", people who think "it is a big deal", people who think "40%/70%/everyone will be infected", people who think "we should test more", people who think "tests won't help", etc. - IMO mortality rates and possible mortality differences by countries are also not fully explained yet. We can only hope that they are low, even though Italian data so far has been scary. - The two points above may explain the (rhetorical?) questions like "if this is so bad, how come we are not all dead yet"? If not, get data, run a model and publish results in NEJM. - Some people argue about a large number of unreported mild/asymptomatic cases. IMO random and extensive testing in S. Korea/Taiwan/possibly China seems to indicate that there is no large number of unreported mild/asymptomatic cases. Unless the tests don't detect them. I'm not gonna make predictions this time. Well, maybe just the prediction in first bullet above. For anyone interested in past predictions, here is what I said on Jan 28: https://www.cornerofberkshireandfairfax.ca/forum/general-discussion/coronavirus/msg393772/#msg393772 (usually I'm way worse in predicting and I would have been happy to be wrong... China might be doing better than I expected...).

Which medical expert? The one who's flooding this thread with his opinions? Or the ones that work on the disease in question and publish their opinions in medical literature/sites?

Theoretically: AMZN. MSFT. GOOGL, IBM (IBM bought WeatherChannel, so...). Out of these, AMZN might be the highest probability. But still probably all of them are low pro.

So what you wrote was callous, but you had good reasons. Ok. Personally I prefer neutral terms when talking about the death and illness of people. I still think the point I made generally applies. There's way too much casual and accepted discrimination against whole groups of people based solely on their age, which is just as out-of-their-control as their gender or color of their skin or sexual orientation or whatever. Investor [inˈvestər] NOUN A person who would sell their own mother if it gave 2bp outperformance. (Also see: rational behavior) I should move this to jokes thread perhaps.

France USA built a giant wall but coronavirus just went around it ;D ;D Here, fixed that for you.

This pretty much.

I can start showing my "Dow 20K" tattoo from 2000 again.

Are you suggesting that digital "coins" whose only real use cases are money laundering, illegal gambling, and buying narcotics are not safe stores of value? That's an outrageous suggestion, and you should apologize to all the hodl-ers with due haste! He already did. See his signature.