Leaderboard

Every month I get with my wife to review our financial situation. This month the of Crip-Family net worth was not impressive, and when returns are compared against the S&P, it looks even worse. I gave her the low down, specifically, that Fairfax really killed our returns YTD and in May especially. She asked "What happened with Fairfax?"...response was "Not a damn thing, literally no bad news". This is instructive...company moves notably lower with, from what I can see, zero reason. Yes, it is frustrating to see the impact on the net worth, this is the kind of thing we live for...company getting better and price getting cheaper. We have been buying on the way down, but hindsight says we should have waited a little longer. -Crip

If things continue to drag out in the Middle East, it is highly likely that stock prices will continue to be volatile. Using up the whole NCIB now is like using up your firepower all at once. They've been very good about buying back shares over the last six years...let's trust them to do the right thing over time on buybacks. Cheers!