All Activity

I'll get drunk if Belgium wins tonight

Please get seriously drunk this evening, and let the golden snow flakes fall on us all here, @Paarslaars!

Not to be “that” guy who poo poos ideas like this..but it seems overly complicated and potentially expensive drag on returns. why not just create a live that ensures your not a forced seller, and ride out volatility. I don’t think there is a silver bullet when it comes to trying to hedge or reduce down side volatility. Dollar cost averaging is probably you’re best hedge especially for a smaller portfolio, and trying to stay fully invested.

Sold my BYIT.L (Bytes Technology Group PLC) position

Another smaller benefit of Fairfax's disciplined buyback strategy is the future reduction of dividend distributions.

Exactly. I still make dark jokes today, but it's usually while drinking with friends at a bar, not recorded in a facebook or whatsapp group.

Isn’t the limit 5% of shares outstanding OR 10% of the float? It’s interesting they include treasury shares in the float.

I thought this was good

don't feed the trolls

You can read whatever you want in my posts

You said Zuck has been "selling data to the government for a decade". You did not support your wild claim with any facts. So yes, you just make stuff up.

https://en.wikipedia.org/wiki/Privacy_concerns_with_Facebook https://en.wikipedia.org/wiki/Criticism_of_Facebook#Privacy_issues https://en.wikipedia.org/wiki/Facebook–Cambridge_Analytica_data_scandal https://www.businessinsider.com/well-these-new-zuckerberg-ims-wont-help-facebooks-privacy-problems-2010-5 And I agree with Zuck here on his assessment of his users.

That's fantastic development. The social media with short video, infinite feeds and algorithms optimized for "engagement" are definitely harmful. They fry brains.

Do you seriously have a source for any of your wild claims or do you just routinely make stuff up? Where on META's 10-K do they report revenue from selling data? You sound like a conspiracy theorist. Except you're a conspiracy theorist who doesn't mind the government getting access to everything. Like I said, your logic makes no sense.

BTW, in that table, what does vol mean? It doesn’t seem to mean volume, here, or at least, if it does, it would just be the volume of shares purchased by Fairfax. For instance, in the first line, $944,698,824 is clearly the amount paid (in $C), +416,600 vol seems to be the number of shares purchased, $2267.6400 is the price paid per share (in $C, surely as a block trade), and 500,140 seems to be the cumulative number of shares repurchased within some period of time - is it 30 days? Or quarter to date? Where is this table coming from? The 416,600 shares represent about 2% of shares outstanding, and the cumulative total of 500,140 is clearly higher than 2%. I think they can exceed the 2% 30-day limit, not because they are buying them on another exchange (these are in $C so I presume they are on the TSX) but rather because that 2% clause only applies to investment funds, not insurance companies or conglomerates. The 2 limits that apply to Fairfax are the 5% of all outstanding shares in a year and the 25% of average daily volume, but with the latter rule not applying to block trades like the 416,600 shares purchased in the week before June 30 and filed on July 9.

I am sharing this sauna with you. I'll bring the beers. I bought a 1% position. I also bought some JOE and DPZ.

Nobody handed the keys to the government yet, but Zuckerberg has been selling data for more than a decade. So far it's the US that is pioneering hostile controls so far, as Newsom signed the law to require an ID to use any operating system in California. That is truly ridiculous. And he is a possible candidate to become the next president.

Used to be a big Yankee fan, but ever since I moved out of home, never got cable so haven't watched unless it's on over the air TV. Same with Knicks, except I splurged with Sling for the playoffs.

Share buybacks are clearly the dominant use of capital for Fairfax. At 0.9% yield, the dividend is small. But when combined with the buybacks, the total of $2.8 billion over nine months is significant. The interesting thing is this is not the only thing Fairfax is doing on the capital allocation front. Here are a few things from 2026: AGT Foods: converted sponsor notes to equity ($249M) + add to position ($146M) Under Armour: add to position ~$265M? Exit Occidental for proceeds of ~$303M? Foran was taken out by Eldorado Gold Sale of ~50% of Poseidon for proceeds of $1.9B Purchase of Kennedy Wilson for $1.6B Purchase of Peller Estates for $279M Pending: Orla Gold takeout by Equinox Gold: set to close in Q3? Sale of Eurolife's life insurance business: set to close Q3? Fairfax has also been very active with debt issuance (and some cancellation). Of note, the insurance business continues to grow modestly. Bottom line, there is a lot going on under the hood in addition to meaningful stock buybacks.

Surprise, surprise.

I’m eyeing quite a few companies, but Fairfax keeps winning my money. I’m not sure if it’s the constant influx of Fairfax news that’s making me more convinced than I should be. The setup just seems too good to pass up.

Where are you watching the World Cup? Live Sports is the biggest market with the highest viewership that is only growing. Netflix has a very diverse global content catalogue to begin with so I can see them chasing down things like World Cup coverage a positive. You're also seeing leagues like the NFL expand internationally with a more games every year being played abroad. Netflix is a great platform with a global audience to capture that market. https://www.thestreet.com/entertainment/netflix-disney-youtube-bidding-world-cup-streaming

If they think that markets are overvalued, then they are not looking hard enough. Plenty of great businesses at very attractive valuations

Bought some Comcast, the most hated company in America. Much prefer trophy assets. This could go terribly wrong. I’m assuming, as capitalists, they will rationalize their shit. The parks sparkle in the dung heap. I’ll get in the sauna now and sweat it out.

Finally got my first round of CBRS shares, and immediately spiked them into the bid.