13 Comments
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Victor Adair's avatar

I enjoyed your interview with Maggie this morning, JJ, and I always enjoy your vibe comments. Thank you for your thoughtful insights. Markets are certainly stressed, but nothing critical (that I know of) has broken so far, but the RMB breaking to new lows while Treasuries and stocks fall together is ominous. I was hoping we could somehow glide past the accountability issues but that's looking unlikely now. Detox: slowly at first, and then suddenly.

Alyosha's avatar

Spot on sir... high stakes, no good answers, I think. Someone has to lose. I guess it's the same in trading but this is the big leagues and like it or not we're all on the same team now.

Dave Groom's avatar

Knocked it out of the park with Maggie Lake this morning, sir. Your commentary unfolded like an outline for the forthcoming…

“Everything You Wanted to Know About 21st Century Finance*

*But Didn’t Know to Ask”

China funding the Bush Wars. The withering of OPEC and the rise of LNG. “No puts this time, everyone is broke.” Bessent cleaning up after Yellen. Many questions that I’d never previously considered.

Alyosha's avatar

Ty sir, the nice thing about live streaming podcasts is everything is improv & spontaneous and Maggie is a great interviewer. High level of knowledge.

Brian Clavin's avatar

JJ.

How much oxygen and runway does Bessent have in his refinance of the maturing debt?

And which player is holding the best cards in this US/China Slam Dance?

Thanks & Respect

Brian

Alyosha's avatar

How much runway did Churchill have to defeat Nazi germany? We are in a similar and ancient contest between free people and hedgemonic despots. We're past money and greed, business and politics now... into a higher realm of the human spirit, In my opinion. Live free or die.

Garrett Heator's avatar

are you still buying and holding bonds or no now that china is selling?

Alyosha's avatar

Hi Garret I actually got stopped out in a break at the end of march. Long gone. I missed the spike up but I missed the bone cruncher yesterday and today. A friend stayed in and he got out lower than I did! Redrum... Redrum...

Eric B's avatar

Hi Alyosha, I'm too curious to sit on this question: did you see today the capitulation in the stock market that you didn't see yesterday? Thank you.

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Apr 9, 2025Edited
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Alyosha's avatar

allow me to refer you my comment to Brian Clavin just posted.

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Apr 9, 2025
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Alyosha's avatar

I don't know but the Omaha meeting is in a a few weeks. Find out soon enough!

Alyosha's avatar

The Berkshire Hathaway annual shareholders meeting for 2025 is scheduled for Saturday, May 3rd, 2025.

Date: Saturday, May 3rd, 2025

Location: Omaha, Nebraska

Time: The schedule for the 2025 meeting is not yet available, but in 2024, the meeting took place at the CHI Health Center, with doors opening at 7:00 am

Eric B's avatar

"The only real edge is patience." Exactly what I needed to hear. Thanks Derek.