Haryana

Adding More Mud to the Muddy Waters that they be swimming naked in: https://www.morningstar.com/company-reports/1206317-fairfax-muddy-waters-outlines-a-bear-case "As to Muddy Waters' claims that Fairfax is mismarking investments, we don’t think it is necessary to believe that to think the stock is overvalued."

(HODL Anthem) " We've got to hold on to what we got it doesn't make a difference if we make it or not We got each other and that's a lot for love - We'll give it a shot We're half way there Livin' on a prayer Take my hand and we'll make it, I swear Livin' on a prayer We've got to hold on, ready or not You live for the fight when it's all that you've got We're half way there Livin' on a prayer "

The way the estimate value numbers have changed over last year seem like being done manually. As if someone is making the numbers up strategically from their La-Z-Boy recliner to camouflage. First, the number changed from 730 to 790, that is the maximum to go in 700s with just one digit. Then, the number changed from 790 to 970, that is the maximum below 1000 exchanging a digit.

You got that right, just gotta HODL with in this tug of war! "We've got to hold on, ready or not"

Gotta respect our beloved Brett Horn for standing pat on his ground. He keeps us down from dangers of exuberance. "We will maintain our CAD 970 fair value estimate for the no-moat company and see shares as a bit overvalued at the moment." https://www.morningstar.com/stocks/fairfax-earnings-positive-momentum-continues

An unusually rare article on The Fool that is actually readable: https://www.fool.com/investing/general/2024/01/22/is-fairfax-financial-stock-a-buy/ " Not all of Fairfax's portfolio is publicly traded. Watsa regularly dedicates billions of dollars to private deals, capitalizing on opportunities not available to the public. These investments, though generally successful over the long run, can take years to fully play out. Last year, for example, the firm increased its stake in Bangalore International Airport, one of the fastest-growing travel hubs in the world. It was an off-market deal with limited competition. Fairfax secured a great deal, but there's almost no liquidity. It may be a decade or more until shareholders realize anything other than paper profits. Occasionally, the market isn't willing to wait for these bets to pay off. This is the biggest catch with Fairfax stock. While its long-term track record is tremendous on an annualized basis, most of its returns have come over small periods of time. From 2003 through 2007, for example, shares traded sideways only for the stock to double in value the following year. From 2015 through 2021, Fairfax stock traded sideways again only to double over the past 24 months. Lumpy returns have been a consistent trend since 1985. "

FRFHF touches US $ 1000 Last updated: Jan 24, 2024, 11:35 AM ET Source: QuoteMedia Open 993.81 Day High/Low 1,000.00/987.00

Nothing to disagree there, article has covered a lot on the risks and opportunity. Another wise guy said the growth of Indian economy means growth in banks. HDFC is the largest bank of India and also among the top 10 in the world.

India did its part by granting life insurance business licence to Digit just in June last year. Not that easy to get that in India. https://bfsi.economictimes.indiatimes.com/news/insurance/irdai-licences-go-digit-life-insurance-to-commence-business/100989865

https://www.msn.com/en-in/travel/news/india-to-be-3rd-5th-largest-domestic-outbound-market-globally-by-2027-mmt-s-magow/ar-BB1h82SA “Our international outbound business continues to scale well. During the quarter new direct flights to various destinations like Tashkent, Baku, and Bali have been announced and key international holiday destinations like Thailand, Sri Lanka, and Malaysia have announced waiver of visa for Indian travellers. This is likely to fuel greater demand for these international destinations in the times to come.”

Hertz experience is irrelavant because those issues are mostly specific to rental business. They get renters inexperienced with EV over and over again. Individual owner drivers also have more accidents in the first year but then they get a better hang of it and the accident rates drop after the first year. Regardless, even bad publicity is good for Tesla as buyers have their own reasons to buy and they just have to reminded which media does for free.

Not undervalued enough, still, to double or touch US2000 in four years?

India does as many cashless payments in a month, as much US does in three years .. http://timesofindia.indiatimes.com/articleshow/107058097.cms

Hertz CEO said “Tesla is among the best-selling cars in America, ... https://news.yahoo.com/hertz-shrink-electric-fleet-following-050000581.html The issue with Hertz is overexcited renters damaging their Teslas that they are driving for the first time. Owners take better care of it.

I suspect this has been his subconscious plan from the get-go to go get'em all riled up. He likely finally settles with some restructuring resulting a new Tesla ticker on exchange that gives him disproportionate voting power without as much economic interest. By then he would have taken everyone for a ride for the umpteenth time. He is known to operate Tesla without sales or marketing expenditure because he is good at getting that for free from the waiting to be inflamed mouths on radios. https://www.visualcapitalist.com/comparing-teslas-spending-on-rd-and-marketing-per-car-to-other-automakers/

His message never asked for more stock but only for more voting power. He may have thought this to be possible by introducing dual class share. However, there appears to be some regulation that restrict that post IPO. https://www.theglobeandmail.com/business/international-business/article-ceo-elon-musk-says-he-wants-at-least-25-voting-control-at-tesla-before/ [In a separate post on X, he said he would be fine with a dual-class share structure to achieve his goal of getting 25-per-cent voting control, but was told it was impossible after Tesla’s initial public offering. “It’s weird that a crazy multi-class share structure like Meta has, which gives the next 20+ generations of Zuckerbergs control, is fine pre-IPO, but even a reasonable dual-class is not allowed post-IPO,” he said, referring to the Facebook parent’s founder, Mark Zuckerberg. Companies with dual-class structures have two or more types of shares with different voting rights – usually one with greater voting rights for founders or early investors and another for other shareholders with less voting power.] https://www.fairfax.ca/press-releases/fairfax-completes-brit-acquisition-2015-06-12/ Even Prem Watsa had to take extraordinary actions to maintain his voting control. From what I remember, he rather had limits/reductions placed on his compensation in return.

https://www.theglobeandmail.com/world/article-indian-navy-rescues-crew-of-us-owned-vessel-after-attack-on-ship-off/

Not yet in there still, actually. "The 45th Class of Companions will be inducted into the Canadian Business Hall of Fame on May 23, 2024 at the Metro Toronto Convention Centre." (15 years after Michael Lazaridis and James Balsillie). https://cbhf.ca/

I wonder if this news is being misinterpreted. Elon Musk has been vocal for a while about his concerns on AI going out of control. I saw the news as simply to mean that he wants enough control in order to be able to control the AI. He expects the AI at his company to be one of the most advanced and he needs control on the company to control the AI because he thinks he can do it.

At least $1 trillion of government securities traded daily in the most populous nation and biggest democracy is poised to become the darling of international investors when India this year joins the benchmark for emerging-market debt compiled by JPMo... Read more at: https://www.deccanherald.com/opinion/indias-markets-are-turning-into-an-inexorable-force-2851586

"Since 1979, over 200 business leaders have been bestowed with Canada’s highest business honour." https://cbhf.ca/companions/ I went through all those over 200 names and his is the only one there with an Indian name. He has broken some ceiling here. Even Michael Lazaridis and James Balsillie got it in 2009.

TORONTO (Globe Newswire) January 12, 2024 Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U) has completed its previously announced offering of an additional US$200,000,000 of its 6.000% Senior Notes due December 7, 2033 (the “Notes”). Together with the previously issued US$400,000,000 aggregate principal amount of notes of this series (the “Original Notes”), there is US$600,000,000 aggregate principal amount of notes of this series outstanding. In connection with the closing of the offering, Fairfax entered into a customary registration rights agreement.

Hawaii of India that almost nobody knows about -