Company Overview - POSCO Holdings is a South Korean company primarily engaged in the production of steel products and is the world's 7th largest steelmaker [1] - The company operates through four business divisions: Steel Sector, Infrastructure, Energy Materials, and Others [1] Analyst Focus - The analysis specializes in fixed income and commodities, with occasional stock picking [1] - The investment horizon is typically medium to long-term, while also paying attention to short-term price movements [1] - The analysis is value-driven and contrarian, focusing on mispriced assets [1]

Group 1 - Berkshire Hathaway Inc. shareholders are unsettled by the news of Charlie Munger's passing and Warren Buffett's announcement to step down at the end of the year [1] Group 2 - The investment strategy emphasizes building a consistent, low-risk passive income portfolio aiming for approximately 12% average annual returns with minimal downside risk [2] - The focus is on capital preservation and stable value compounding over short-term momentum, analyzing cash-generative businesses and corporate restructurings [2] - The approach is influenced by legendary investors and relies on deep fundamental analysis, macroeconomic context, and rigorous valuation discipline [2]

Group 1 - Berkshire Hathaway shareholders are unsettled by the news of Charlie Munger's passing and Warren Buffett's announcement to step down at the end of the year [1] Group 2 - The investment strategy focuses on building a consistent, low-risk passive income portfolio aiming for approximately 12% average annual returns with minimal downside risk [2] - The analysis emphasizes risk assessment over speculative growth, aligning with contrarian and value-driven principles [2] - Influences from legendary investors like Warren Buffett and Howard Marks guide the reliance on deep fundamental analysis and rigorous valuation discipline [2]

Group 1 - Paramount Global is a major media and entertainment conglomerate with assets including Paramount Pictures, CBS, MTV, Nickelodeon, Paramount+, and Pluto TV [1] - The company has agreed to merge with Skydance Media in a two-step deal after a prolonged battle [1] Group 2 - The merger is expected to help build a consistent, low-risk passive income portfolio for investors [1] - The investment strategy emphasizes risk assessment over speculative growth, aligning with contrarian and value-driven principles [1]