Leaderboard

Looking at the setup in Eurobank, it seems possible if not likely that Fairfax is a triple over a few years. Mid-teens BVPS CAGR driven by profitable underwriting, solid fixed income returns, and/or good performance from chunky investments like Eurobank, Poseidon, Digit, and/or Ki - plus re-rating to ~2-2.5x P/B, which to CIBC's point would just be in line with the group. Then there's more upside to parity with top-class peers with similar track records like WRB or IFC at ~3x+ P/B. Anyway, this is mainly a reminder to myself to just hold the damn stock.