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That’s interesting. I don’t know either but I’m hoping it’s a GP LP structure where FIH is the GP and collects fees off of the LPs including FFH. It’s a way to fairly alleviate some of the criticism of the original fee structure as it provides a material offset. It might be the start of a new business model to really take advantage of the network Fairfax has built in India. A management fee and a performance fee on $4b+ of capital would go a long way. FIH also has exclusivity on all non Insurance holdings for FFH so if they were to give that up, FFH would presumably have to provide compensation. The GP/LP structure solves for that. Fairfax also has a rule where it doesn’t bet the company on one acquisition. My interpretation is that means not putting in more than 10% of shareholder’s equity into one invest at cost. That would be abour $2.6b so only about half of the capital needed. I think this means partners are needed and my guess is they won’t be hard to find. I asked Prem the question at the FIH AGM in 2024 and just listened to it again. It makes the most sense so I hope they do it. It’s the best way to scale investment in India. Link to Quartr app. Listening is sometimes better than a transcript although they have that too. https://web.quartr.com/link/companies/14781/events/336103/transcript?targetTime=0.0

Not sure how much he weighed but his rear end was about as wide as an office chair. He was completely on the opposite side of the fence as me so I don't think I was in any danger. I was worried that he'd eventually rip that post all the way through to get away. There was already a gash about a foot long. Not as much blood as I expected but I did ruin a shirt and a pair of shorts (NTM my buzz, which I promptly re-upped). I'm in Perdido Key, FL. The road out here is 2 lane for about 10 miles and is heavily wooded until you get to the key. It's not unusual to see multiple groups of a half dozen or more does along the side of the road at night. Anyone who visits the area should be vigilant when driving from Pensacola. The speed limit on Bauer and Sorrento Road(s) is 55 but I never do more than 45 at night. There have been quite a few accidents involving deer. I had squirrels nest in one of my boathouse lift motors a few summers ago. They chewed up a bunch of wires. Fortunately there was enough left that I didn't have to buy anything. Just clipped, stripped and rewired everything. Now I keep an eye on the lift motors for invaders.

Wow! That’s crazy, but nice of you to put yourself in harm’s way. Where do you live and how much do you think it weighed? My biggest risk happens to be bats and squirrels! Lol

My neighbor has a vegetable garden and the deer have discovered it. His yard is surrounded by privacy fence except for a section in the back where they get access. Last Friday night I was sitting out back and heard a big crash followed by a bunch of snorting and growling. I ran inside and got my Q-beam and shined it on the fence only to find a full grown buck hanging there. One of the aluminum balusters had pierced the skin on his rear haunch. The rest of his body was hanging there on my side of the fence. I called my neighbor but it was 2 am and I got no answer, so I ran around to his back yard to see if I could do anything. When I first got up to the deer he was struggling to get off. I rubbed his back and tried to tell him to calm down. Surprisingly enough, he did. The post to the right of the empty spot in the photo was buried in his left rear haunch. Fortunately it glanced off the muscle and didn't puncture anything but skin, but it was firmly lodged there and supporting his entire weight. I stuck my left arm through the fence and put my hand on his belly to lift him up while using my right hand to try and lever the skin up over the post. I was about to give up and he turned his head and barked, and I gave his belly a good heave and used my whole right hand to lever the skin off the post. When he hit the ground he shot out of there like a cannonball. It probably took less than a minute. Old boy was just lucky that post didn’t puncture anything more than skin. I never knew this before but deer hides are extremely tough and those guys are all muscle in the rear end. Anyway, never a dull moment here. I hope he’s OK.

A lot of great restaurants in Chicago, but my favorite where I like to go every time I'm in Chicago is Joe's Steak and Seafood: https://www.joes.net/ Just the perfect old-school steak and seafood house! Great desserts too! Cheers!

Forgot to add that Pequod's deep dish pizza with caramelized crust is damn tasty. We ate at the one in Morton Grove.

Word. One of the nicest US cities I've ever visited.

Chicago is one of my favorite cities. Just love it there...beautiful architecture, river, food, museums, sports, people! Also loved going to the old Macy's there, that used to be the Marshall Fields building. And real estate prices are very reasonable compared to other such big cities! Cheers!

@Spekulatius I don’t really think illegal immigrants are making a huge impact on housing prices. Sure, they’re adding to population growth a bit and obviously they need to rent a place to live. But I think they’re more likely to live in multi generational situations, and it’s pretty hard to argue that illegal immigrants don’t lower the cost of construction / renovations since they make up a reasonably large chunk of the construction workforce. Maybe nets out and certainly doesn’t strike me as a really significant factor in real estate prices at least in most locations.

Yeah, that's bad news... At least they "asked" for them, instead of doing the Jack Smith/Merrick Garland/Chris Wray method of illegal wiretaps on hundreds of their political opponents. But you're right - Chicago is not the shit-hole, Washington DC sure is!

Very funny.... I'm very jealous of Trump as he has way more hair than me and is older! At least I'm in better shape than his fat ass.

There are a lot of factors here. iI think the increase in multi family home building was due to very low interest rates while demand for housing was picking due to COVID-19. This combo created a unique window to build more multi family homes. As for homes, I am sure that for example in Canada, the legal immigration has a lot to do incrsse in home prices. this is because these legal immigrants from Asia are relatively well to do and can afford to buy homes and that’s way many do. Then you add a limited ability to add to the housing stock and you get rising prices. I don’t think the US is similar to Canada because of the relative size, the fact that illegals immigrants can’t buy homes and because many illegal immigrants work in housing and hence hell to add supply as well. Here is a paper representing the counter argument based on comparing areas with high immigrants influx versus those with less https://www.sciencedirect.com/science/article/abs/pii/S1544612325001503

Absolutely true. Both parties at fault for the decline of the American working class wages via illegal immigration. Both parties love their "cheap labor" and unwilling to let it go. Trump is the only one will to stop it.

Awesome , thanks for the clarification. Always been a fan of your opinion. And I apologize for completely misunderstanding your post.

This fucker is probably your next Director of National Security! Congratulations! Cheers! https://www.cnn.com/2026/07/15/politics/video/jay-clayton-national-security-nominee-testimony-election-2020-digvid

Hey, I thought this was supposed to be donated to the Trump Library? Again, the hypocrisy by Trumpie and his team is never an empty bullshit bowl! Now which one of you assholes leaked it to the media?! Cheers! https://www.cnn.com/2026/07/15/politics/susie-wiles-kash-patel-leak

You two behave, otherwise you both get week-long bans! It will come without warning next time, so choose your words and pictures carefully. Cheers!

Chicago is not an unsafe shithole. You go to certain areas and yeah it's not as safe...that's no different than any other big city in North America or the world really! Just like drug gangs aren't going to kill every other tourist in Mexico. Washington DC has a higher gun deaths per 100,000 than Chicago...nearly 22 compared to nearly 15. Makes you go "hmmm!" Another MAGA fallacy proven false! Cheers! https://everytownresearch.org/report/city-data/

There's a lot of you guys constantly stepping on the back of his shoes as he's trying to walk. That gets annoying for anyone, especially a die hard MAGA. None of you, including Cubs, should make it personal! Cheers!

The truth is, most countries know their governments and native lands are worse than the U.S. Critics of the U.S. aren't saying that the U.S. is horrible...they are saying that it's current administration is horrible! There's a big difference there. I don't have a problem with you...I have a problem with what Trump is doing often, and his behavior is in sharp contradiction to what I've seen and known of the U.S. in my lifetime. Now you may agree with what Trump is doing...that's fine. It's you country. But getting angry at critics is no different than Canada or Greenland getting pissed at your President for his criticisms or open threats of annexation. Ask yourself how you would feel if Putin or Xi kept threatening the U.S. on a weekly basis if they were far bigger? It isn't just rhetoric when they are ten times your size and their military is 100 times your size! Cheers!

Well, I think you have to give him credit for holding to his guns...literally and figuratively! Cubs is a very nice person, just crazy MAGA...I'm pretty sure he's Trump's illegitimate brother. Cubs, do you have a east to west or west to east combover? Cheers!

That's what I forgot to do today.

Who utilized illegal help more than anyone else in the last 30 years? Lower wages, no recourse to courts or labor laws, etc...your pool boy, your gardener, your fast food worker, your service worker, your carpenter, etc. I'm pretty sure blue collar workers weren't the ones hiring all of the illegals! Cheers!

Yes, good catch! I estimated roughly $8-9B

Starter in HONA and somehow my stink bid for ERIE hit today as well.