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2021 AGM Berkshire

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Written by amitdipsite

May 2, 2021 at 4:31 am

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Facts – 3

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Because news traveled so slow, slaves in Texas didn’t know they were free for more than two years after Lincoln issued the Emancipation Proclamation.

Nokia used to sell toilet paper and Samsung sold noodles and fish in early days.

Only 35 percent of the ocean floor has been mapped in as much detail as the surface of Mars.

1 in 8 Americans has worked at a McDonalds restaurant.

A chameleon’s tongue is twice the length of its body.

In 21 US states, Wal-Mart is the largest employer.

Bees have 5 eyes. There are 3 small eyes on the top of a bee’s head and 2 larger ones in front.

Comedians and funny people are usually more depressed than average, research found.

About 3,000 years ago, most Egyptians died by the time they were 30.

The United States has 4.4 percent of the world’s population, but twenty-two of the world’s prison population.

There are roughly 200 corpses on Mount Everest that are used as way points for climbers.

The pound sterling is 1200 years old, which makes it the world’s oldest currency still in use.

The London 2012 Olympics was the first time that every country had at least one female athlete.

There are more tigers privately owned in Texas than tigers in the wild.

The Earth experiences 50,000 Earth quakes per year and is hit by Lightning 100 times a second.

Half of all bank robberies take place on a Friday.

A category three hurricane releases more energy in ten minutes that (than) all the world’s nuclear weapons combined.

The average child recognizes over 200 company logos by the time he enters first grade.

The world’s quietest room is located at Microsoft’s headquarters in Washington state.

https://www.bbc.com/future/article/20170526-inside-the-quietest-place-on-earth

The citrus soda 7-UP was created in 1929; “7” was selected after the original 7-ounce containers and “UP” for the direction of the bubbles.

Bookkeeper’ and ‘bookkeeping’ are the only 2 words in the English language with three consecutive double letters.

Charlie Chaplin once won third prize in a Charlie Chaplin look-alike contest.

All US Presidents have worn glasses; some just didn’t like being seen wearing them in public.

The country code for Russia is “007”.

In 1878 the first telephone book made contained only 50 names.

Saudi Arabia imports sand and camels from Australia.

Netflix proposed in 2000 that Blockbuster should use Netflix as its online service and Blockbuster “nearly laughed us out of the office,” recalled Netflix’s outgoing CFO.

Bill G, Vinod Khosla and Yahoo refused to pay 1 million $ to Google for 100% stake in 2000

There are more 100 dollar bills in Russia currently than there are in the United States.

There are more than 2,000,000 millionaires in the United States.

Winston Churchill was born in a ladies’ room during a dance.

The first product to have a bar code was Wrigley’s gum.

The original name of Bank of America was Bank of Italy founded by an Italian immigrant who faced discrimination.

Ralph Lauren’s original name was Ralph Lifshitz.

Arabic numerals are not really Arabic; they were created in India.

Because metal was scarce, the Oscars given out during World War II were made of wood.

Bill Clinton, George W. Bush and Donald Trump were all born within a 66-day stretch.

Earth is the only planet not named after a god.

Oak trees do not produce acorns until they are fifty years of age or older.

After losing a poker bet, a New Zealand man had his name legally changed to “Full Metal Havok More Sexy N Intelligent Than Spock And All The Superheroes Combined With Frostnova.” It took five years to be approved by the government.

The United States has no “official language.” Most people just assume it’s English.

Taste bud cells undergo continual turnover even in adulthood, and their average lifespan has been estimated as approximately 10 days.

Nearly two humans die each second on earth.

Ten years ago, only 500 people in China could ski. This year, an estimated 5,000,000 Chinese will visit ski resorts.

The language of La Gomera spoken off the coast of Spain consists entirely of whistles. (…but what if you can’t whistle?)

Written by amitdipsite

April 24, 2021 at 12:21 pm

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Facts – 2

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The height of Eiffel Tower varies by 6 inches / 15 centimetres due to temperature changes.

Average height of Japanese men between 1602 and 1867 was recorded at 5’1″

For 214 years until the year 2012 was illegal in France for women to wear trousers.

Sweden pays students US$187 per month to attend high school.

76% of Americans live paycheck to paycheck.

One tiger alone killed 430 people in India and Nepal in the 19th century.

Dyeing pets to look like other wild animals is a trend in China.

Earth has lost 40% of its wildlife in the past 40 years.

Blue whale’s tongue can weigh as much as an elephant.

In 1672 and angry mob of Dutchman killed and ate their prime minister. 

Candles will burn longer and drip less if they are placed in the freezer for a few hours before using.

Octopus have 3 hearts, nine brains and blue blood.

Coca-Cola contained cocaine from 1885 to 1903.

The horn of a rhinoceros is made from compacted hair rather than bone or another substance.

Despite the white, fluffy appearance of Polar Bears fur (which is transparent), it actually has black skin.

Shoes smell bad? Put them in the freezer overnight. It will kill the bacteria and get rid of the stink.

Four out of five people over the age of 100 are women.

15 million blood cells are destroyed in the human body every second.

If you ate nothing but rabbit meat, you would die from protein poisoning. This would be a mixture of too much protein and an absence of fat in the diet.

The U.S. bought Alaska for 2 cents an acre from Russia.

The average person produces enough saliva in their lifetime to fill two swimming pools.

The first email was sent in 1971 by Ray Tomlinson to himself. He doesn’t remember what it said.

In the mid-1880’s aluminum was more valuable than gold.



Written by amitdipsite

April 23, 2021 at 3:55 pm

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Facts – 1

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Media devotes lopsided time to sensational stories. In the past 6 months US media has devoted 20-30% sound bytes to GameStop phenomenon which has 0.00004% of the NYSE market cap.

Over a million Europeans were captured and sold as slaves to North Africa between 1530 and 1780.

The Gmail logo was designed the night before it was launched.

More than 13,000 years of human life have been spent watching the Gangnam-Style video.

The first electric car was invented in 1800s and it went 65 km/h.

Some people are genetically predisposed to see the world from a negative perspective most of the time.

In Egypt around 1500 B.C., a shaved head was considered the ultimate in feminine beauty.

Apple co-founder Ronald Wayne sold his 10% share in 1976 for $800. Today, it’s worth over $200 billion.

If you search for “askew” in Google, the content will tilt slightly to the right.

In 2007, A Bosnian couple divorced after discovering both had an online affair with each other under fake names.

If you inhale a pea, it can sprout and grow in your lungs.

Giraffes can last longer without water than camels.

Written by amitdipsite

April 20, 2021 at 4:11 am

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Death Contract

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The word mortgage comes from the French word that means Death Contract. Mort-uary, Mort-iffy

Written by amitdipsite

April 17, 2021 at 3:28 am

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Money in Niche (even Water) not generic (Organic Lemonade)

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Written by amitdipsite

April 8, 2021 at 6:50 pm

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Bangladesh surpasses India’s per capita

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Written by amitdipsite

April 2, 2021 at 4:22 am

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Quality of Life, US is lagging

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The minimum wage in the United States is $7.25 per hour which is now, not even in top 10.

A single barometer is quite incorrect like per capita income. You have to look at in the context of Gini-cofficient or equality in distribution of wealth.

The Organization for Economic Co-Operation and Development developed a list of each country’s minimum wages. The ten countries with the highest minimum wages per hour (in USD) are:

  1. Luxembourg ($13.78)
  2. Australia ($12.14)
  3. France ($11.66)
  4. New Zealand ($11.20)
  5. Germany ($10.87)
  6. Netherlands ($10.44)
  7. Belgium ($10.38)
  8. United Kingdom ($10.34)
  9. Ireland ($9.62)
  10. Canada ($9.52)

You have to factor in a few other criteria to judge the quality of life.

1) Can you buy a house and take holidays: Median House Price divided by Median salary. If the country has ratio of 20 that means buy a house will take 50 years of savings if you save 40-50% of your after tax earning vs a ratio of 5 that makes a difference in your quality of life. This ratio has been going up since the 1980s due to interest rates and urbanisation.

Even this ratio of Median House Price to Median Salary is not completely right. The average house in Europe is half the size of house in Australia or Canada for the same price.

2) Free and quality public schooling

3) Free and quality public healthcare

4) Work culture: Nobody works outside 9-5 Monday to Friday in New Zealand. Some Australian self employed people prefer working on a Saturday. There are 25 annual leave and holidays in Australia and New Zealand compared to 10 in the US, also people work longer hours in the US on a working day. Norway, New Zealand, Netherlands and Germany are experimenting with 4 day work week.

US has been dropping on all criteria in the OECD average for over two decades. The one exception is the listed US companies which have excelled despite lowering quality of life standard relative to the OECD average.

Written by amitdipsite

March 27, 2021 at 1:21 pm

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2 Types of people

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One type donates 100s of millions of dollars anonymously eg: https://theedgeleaders.com/secret-generosity-anonymous-philanthropists/

Others donate 100,000$ for Media Blitz eg: Mark Cuban https://www.cnbc.com/2020/06/11/mark-cuban-donates-100000-to-national-association-of-black-journalists.html

https://clutchpoints.com/mavs-news-mark-cuban-donates-100000-to-coronavirus-relief-fund-for-black-journalists/

One type write deepest human mysteries without any authorship eg: Vedas of India. Written by so called Vyasa – meaning The Author / Compiler.

Others fight for first, second, third authorship daily in 1000s of University research papers read by no more than 10 people in the world.

Written by amitdipsite

March 19, 2021 at 5:10 am

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King of Wrong Timing

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That would be me.

On the 31st of March 2020 I wrote a post, how to play the comeback, https://lifeandequities.wordpress.com/2020/03/21/how-to-play-the-comeback-in-equity/ and in June 2020 No More Fear – https://lifeandequities.wordpress.com/2020/06/08/no-more-fear/

In life, I am quite averse to leverage, loans and such. But recommended taking a leveraged bet on reversal of certain ETFs in certain industries (many months later after until September 2020- Dr. Fauci was saying – we may never make a medicine/vaccine). In fact, the normality was so certain to me that I thought of buying ETFs that would grow 3X the normal ETF. They work by buying underlying swaps. If the index goes 1x per day the ETFs go 3X. They tend to work best when there isn’t daily ups-downs – i.e. volatility drag – but they work remarkably well when there are 70-80% up days and 20%-30% down days. And they tend to work for short term – few months. My recommendations were $TPOR $BNKU $FAS $NAIL $DFEN $FNGU, $DPST

These 3X ETFs – leveraged ETFs – were new to me – they can lose 50% value in a week or gain 100% in very volatile week. In fact DPST ETF went from 50$ to 100$ about 8 times from March – September. I held them only for 5 months from March – July, but most of the gains were made from October 2020 – Feb 2021.

Whilst I did not make outsized gains of 400-500% that could have been made its a good tool (3X ETF) in future industry specific cycles.

800% up
500% up
50$ to 100$ about 8 times, then 500%
1000% up

But now is exactly NOT the time to buy the 3X Industry Long ETFs. As Munger said, “have an assorted collection of tools to be used at the right time”. Leveraged industry specific ETFs are attractive tool in the arsenal when a specific industry is reflective of despondent sentiment.

Written by amitdipsite

March 12, 2021 at 7:34 am

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