Price is what you pay for, value is what you get.
~ Warren Buffett
BFI Infinity InSights Q3 2021
A lot has happened since our last investment update was published in May. While financial markets have been resilient with no major downside moves in the past few weeks, there have been some major developments on the geopolitical front, chief among them being the Taliban takeover in Afghanistan, due to the rushed withdrawal of western forces that were there for almost 20 years. Two decades after the attacks of September 11, 2001 I think it is important to ask the question: Was is really worth all the lives lost and resources spent to stay in Afghanistan all those years trying to build up a democratic system?
BFI Infinity InSights Q2 2021
Since the release of our January InSights update, the global economy has continued to go through a challenging time. But now, finally, the outlook
is turning more positive for the future, as the world is starting to get the pandemic under control. While more and more people, especially in the West, are vaccinated, there are still regions where the pandemic is still raging, which is especially true for India. And yet, despite this, global macro-economic indicators are pointing to a solid global recovery that will, in combination with massive fiscal stimulus programs, lead to a very strong bounce for the world economy.
BFI Infinity InSights Q1 2021
Finally, 2020 is behind us. It was a year that probably no one among us will ever forget. The Covid pandemic has impacted all of our lives and created uncertainty for everybody. While the initial reaction was panic, we have started to deal with the situation, learned to go on with our lives and work towards solving the problem.