billion in in charges so they're still they've written down their assets on on this stuff like 50 million dollar and we Holdings and the Bohan group to review the loans and they would pay him a fee the problem was as pressure group
industry to reconsolidate itself after the nationalizations of their foreign oil holdings in the 1970s and the need to reconcile adei tanned regain power across the united states and that was
We're very concentrated investors. The top three holdings , on behalf of my clients, are 30% of the assets. So we're very concentrated.
driver today uh since um uh the collapse of layman Brothers back in September 2008 uh holding Holdings of currency uh in the world have um uh skyrocketed um so either everyone was depressed and started using more drugs or more likely what happened was interest rates went to
and you feel more comfortable with the investment, both from a valuation and from a business model standpoint, the more money one should focus in on. And so the biggest holdings should be in the companies where you have the most confidence in. So I tell anybody if they look at our portfolio, well, what do you like the best?
And so in our portfolios, I was once characterized as an investor by four numbers. One of them is 70% of our holdings are non-US, companies that are headquartered away from the US. 70% of the companies are in the top 10 holdings .
I got rid of the technology company, so I didn't have a way to go into these kind of roll-up-your-sleeves type things. And so I set up Dhandho Holdings about 18 months ago. And we raised 150 million and we just bought an insurance company.
country. For example, in France institutional, France is 3% of the world's GDP. Institutional investors in France have 97% of their holdings in French securities. That's what we call the home country bias. The U.S. is only 40% of the world economy. The emerging markets are growing much faster than the developed markets.
One of them is 70% of our holdings are non-US, companies that are headquartered away from the US. 70% of the companies are in the top 10 holdings . We're very concentrated investors.
And the Swiss National Bank, like some sort of New York hedge fund, files a 13F form every quarter. 13F form with the SEC enumerates the filers' holdings of common stock, give them some stock by stock. And the Swiss National Bank's filing is voluminous.
And so I think that's a good emblem. This I take from one of our largest holdings , which is Nestle. They, like Google, talk extensively about corporate culture, because that is what you can bank on when you make an investment.
Though Evans couldn't read the tablets, he immediately surmised what they were, the administrative records carefully set down by palace scribes documenting the day-to-day workings of the Knossos Palace and its holdings . If the tablets could be decoded, they would open a wide portal onto the daily life of a refined, wealthy, and literate society that had thrived in Greek lands a full
- The wealthiest part... The 1860 census is our friend, and it tells us that the people who controlled the most wealth in the United States were slaveholders, and their property in slaves alone, not their other holdings , not their land holdings , just property in slaves were valued at about three billion dollars. The value of all industries, all railroads, all of that put together, fewer than two point five billion dollars. So the people who controlled the most
or whoever they are at Arabella, the CP C the CPP or the U you know who whoever this agency is because you have to follow it through all these nefarious holdings . But at the end of the day that's number one. Number two, the idea that everybody gets replaced by robots and then they eat the children, I don't buy that at all. Every new technology in
And then do I need to do foreign reporting if my bitcoin originated from a foreign exchange but is no longer held there? No. FBARs are created when you have holdings in the foreign exchange ,, not when it gets generated from a foreign exchange.
So you want to rely on patents as a moat when you have a portfolio of them, that it's hard to invalidate one or the other. Think of Qalcomm. Think of ARM Holdings , where there's this huge portfolio of patents. And then finally, licenses and approvals.
So all I care about is that it gets implemented when you say it's going to, and it works out great. history of our fund, AsiaInfo-Linkage-- Holdings .
And when I take that list and line it up against the holdings of Warren Buffet's, you know, Berkshire Hathaway and the overlap is tremendous.
or five of them have decided cases about it and there are conflicting Holdings
thousand, so I think I see some biases in the presentation is what I'm trying to say. The first one if you look at Warren Buffett's top ten stock holdings , a lot of them are dividend based. In other words he'll hold stocks that pay out dividends regularly.
And private equity also owns half of America's daily newspapers, have massive holdings in healthcare, and own or have owned iconic brands like Red Lobster,
to the internet, at least for the vast majority of your holdings .
And when you have less confidence, you should have-- and you have a wider range of outcomes, in effect, it's sort of like being a wildcat oil driller. You want to spread your risk, and so you put a smaller percentage into those holdings . But the element is to find as many as you possibly can of great businesses at a low purchase price or a reasonable purchase price
We can just go to next slide. And so now we come full circle where about a year ago I set up a company called Dhandho Holdings . And so now it's been about 16 years that have been 80% time doing strategy, if you will,
So it's very likely we lost Serra, or at least many of Serra's holdings at the time of Generalissimo Franco.
land had to be held in trust, but it never was given. Right, But also taking communal land holdings , parceling it out.
penalized $10,000 per occurrence. All you have to do is, if you have any cryptocurrency in a foreign online exchange, you just have to tell the IRS, hey I have this cryptocurrency holdings in online exchange. This was the highest found market value.
That's it. It's just a disclosure. There's no taxes. You're just saying to the IRS, I have these foreign holdings . This is mainly to combat like terrorism and money laundering and things of that nature.
Well, I mean, one thing is don't leave all of your holdings on an exchange that's connected to the internet, right?
Yeah. So I would encourage people to maybe buy on an exchange, then take most of their holdings , put them offline.
"Thus,"-- and I highlighted this in red-- "Thus, the investor who permits himself to be stampeded or unduly worried by unjustified market declines in his holdings is
And she's now left JPM, JP Morgan, and is the CEO of Digital Asset Holdings , which is an interesting new settlement-- digital currency and digital asset settlement service.
By telling financial institutions they need to hold a certain category of instruments as riskless, may distort portfolio holdings .