Marc

Thank you!

This writeup is so excellent. Your substack is the best value for the money 😜

Just curious: any thoughts on relative value of the VB universe entities currently? I know you own across the entities.

I'm starting to think the Trump administration isn't the best and the brightest.

Is this slowing major repurchases by VB's entities? The value is so insane right now - I'm frustrated by the lack of activity. Reminding me of my endless waiting on CK Hutchison so I'll remember not to give up. The market is serving up insane value right now.

On the bright side, as shareholders, we have excellent practice for purgatory.

Don’t cry for me, Argentina!

But good for you!

Hoping they refrain from announcing more value creating "simplifications"

Your Odd Lots episode was excellent!

***extend to it. I got too excited...per usual.

The lamb asked when Toby's moral musings will extent it.

They also very rarely have the amount of melatonin reported on the package (at least in the U.S., where nutritional supplements are basically unregulated.)

It seems that people like PE because they can’t see the real value, which is the equivalent of not checking the stock quote of a public equity. The illusion is powerful, but still an illusion (that also costs a hefty fee).

I think even “f***wittery” is too kind a term for it.

Lucifer has a point

They should just light the money on fire. At least that provides light and heat.

Definitely not enjoying the surfeit of uninformed takes about the Iran situation on social media. It's okay to not opine about things you have no idea about.

Never forget who you’re fighting for.

It's difficult for me to fathom which constituency this satisfies politically. (Obviously the moral consideration of war is more important, but it's Trump, so, yeah, there's no moral consideration of anything.)

It now all makes sense that you are the Prince-Archbishop of FinSky (or BlueFin?)

Excellent matchup. Looking forward to seeing Torrez make a big step up in competition.

I gave up on CK Hutchison a couple years ago (regrettably). Lesson learned.

The HAL trifecta this earnings season: Boskalis (presumably), Vopak and TechnipEnergies

💯

Just joking about the second part. But you are (admirably) too modest! Looking forward to reading both.

You are so prolific! I feel like every time I go online, I see a new @brankomilan.bsky.social book, whilst all I have to show for myself is evermore regret and self-loathing. 🤓

Yes, but I would humbly submit that if you buy crypto you are not an investor.

I thought getting rid of the son-in-law meant the stupidity would end, but apparently not...

And taking the whole sector down with them...