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Here are some more details surrounding this. The upgrade may not necessarily have a positive impact on the Greek stocks. Also, the original German article sourced from yesterday mentioned that it would be announced next Tuesday. Maybe this is a translation issue but saying yesterday "next Tuesday" is not referring to today but Tuesday of next week. At least that is my interpretation. Maybe someone can confirm this German comment from yesterday. Monatelang liefen die Verhandlungen, in denen der Indexbetreiber MSCI mit institutionellen Anlegern diskutierte, ob Griechenland in die Klasse der entwickelten Märkte heraufgestuft wird. Am kommenden Dienstag folgt nun die Bekanntgabe der Entscheidung. https://www.dw.com/el/πιθανή-αναβάθμιση-χα-ωφελημένοι-και-χαμένοι/a-76600145

We know intrinsic value went higher. Just a timing difference.

Fairfax has a lot going on right now (all expected to close in Q2): Sale of Eurolife's life insurance business Sale of half of Poseidon Take private of Kennedy Wilson My guess is they may surprise us with how aggressive they have been with share buybacks in Q1. If the stock stays low, 2026 could end up being a big year for share buybacks (more than the 1 million they bought back and retired last year).