Intelligent_Investor

following. i would like to know too. how i wish there were moody's manuals still

Surprised he sold off Visa, J&J, and Amazon shares that Alleghany had considering Berkshire has a position in those and he didn't sell off Berkshire's stake in those.

Apple was from Alleghany

Housing is gonna be a real pain for CPI prints. House prices are inelastic and won't come down unless its significantly cheaper to rent, but due to low supply, rental occupancies are high and so are rental prices due to lack of supply. I don't see a setup where the fed can hike out of supply shortages on the housing front.

Oaktree buying Adani bonds

This is true if you are worried about market price, but not if you are a value investor worried about the intrinsic value. The stock with a 5% earnings yield growing at 6% will throw off more cash than the bond will, even if the market price is more sensitive, and thus will have a higher intrinsic value than a 5% fixed coupon bond, even if the bond is less volatile in market price.

On one hand, the markets are frequently irrational, but on the other hand markets have generally been much more accurate at predicting recessions/rebounds than most analysts and market strategists. Perhaps there is merit to the view the fed might actually pull off a soft landing

IDFB, for the risk arb spread. Currently around a 10.5% spread on a deal expected to close in Q1 2023.

Fairfax likely undervalued, but I agree with some above posters not dirt cheap. It was dirt cheap in 2020 when I loaded up in the $270s and was trading at 0.6x book.

Definitely higher than 10-20% of pre covid prices, where I live most stuff is at least 40-50% more expensive than pre covid, eggs for me are up 200+%

I just use BV+Float to determine when to buy.