Haryana

I like to applaud every $10 higher just like US congress applauds every other statement of the President.

Fairfax Stock - New All Time High Last updated: Oct 6, 2023, 11:58 PM ET Source: QuoteMedia Open 1,159.98 Day High/Low 1,170.12/1,153.99 52 Week High/Low 1,170.12/612.00

https://www.morningstar.com/stocks/block-lowering-long-term-margin-assumptions Brett Horn Sep 19, 2023 "Block SQ is a fast-growing, highly scalable business, which creates a wide range of future possibilities. This consideration is the primary factor behind our Very High uncertainty rating. After reassessing our assumptions in light of the company’s recent performance, we think it is appropriate to lower our long-term margin assumptions given the lack of improvement in profitability. As a result, we are reducing our fair value estimate for Block to $83 per share from $98. We will maintain our narrow moat rating."

Indian government kicking out 41 Canadian diplomats https://nationalpost.com/news/canada/canada-diplomats-in-india-expelled ... Trudeau said Tuesday that his government wants to lower the temperature in this dispute. “We’re not looking to escalate, as I’ve said. We are going to be doing the work that matters and continuing to have constructive relations with India through this extremely difficult time,” Trudeau said. Foreign Affairs Minister Melanie Joly said she was talking with the Indian government about Canada’s diplomatic presence. “We are in contact with the Government of India. We take Canadian diplomats’ safety very seriously. And we will continue to engage privately because we think that diplomatic conversations are best when they remain private.” ...

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Berkshire vs Fairfax, Millennium Till Month

Taliban diplomats are also having a difficult time in India. https://www.dw.com/en/afghanistans-embassy-in-india-ceases-operations/a-66973492 "New Delhi does not recognize Afghanistan's Taliban rulers, who took power in 2021."

Kash Heed Kash P. Heed is a former Canadian politician, who was elected as a BC Liberal Member of the Legislative Assembly of British Columbia in the 2009 provincial election, representing the riding of Vancouver-Fraserview. He formerly served as the Minister of Public Safety and Solicitor General. He was formerly chief constable of the West Vancouver Police Department and a former superintendent with the Vancouver Police Department and was the first Indo-Canadian police chief in Canada. (https://en.wikipedia.org/wiki/Kash_Heed) . Kash Heed said there are organised crime groups and terrorist groups operating in Canada and it has been a long-standing issue. To a question on a web of Khalistani terror in the country, he said it is not limited to South Asian groups, but other ethnic groups as well. "It's prevalent, whether you want to identify it as a Khalistani group or as other Asian-based organised groups, it's quite prevalent in Canada. They are making a lot of money, and it's mainly because of the sale of drugs and weapons," he said.

In terms of the term "shitshow", I think of this video at 7:57 about the real shitshow of Western Adult Entertainment!

My apologies as I may have misunderstood when you said you were 100% Fairfax on 7/11. I guess you meant that your stock position was 100% Fairfax but you still had cash.

Are you saying this sarcastically or asking with real concern?

Fairfax Stock - New All Time High Last updated: Sep 22, 2023, 5:21 PM ET Source: QuoteMedia Open 1,146.54 Day High/Low 1,160.31/1,146.54 52 Week High/Low 1,160.00/612.00

Canada MP From Trudeau Party Alleges Khalistani Threats, Attacks On Hindus https://www.msn.com/en-in/news/other/canada-mp-chandra-arya-claims-khalistan-elements-attacking-and-threatening-hindus/ar-AA1h3Em1 " Amid the India-Canada diplomatic standoff, Canadian MP Chandra Arya alleged that the extremist elements are "attacking" and "threatening" Hindu-Canadians to go back to India. He has also urged all the Hindu-Canadians in the country to stay calm, and vigilant and report any untoward incident to law enforcement agencies. Notably, Chandra Arya is an Indo-Canadian leader who comes from the Liberal Party of Canada, the same party as Prime Minister Justin Trudeau. . He further said that the Khalistan movement leader is trying to "provoke" the Hindu Canadians to react and "divide the Hindu and Sikh communities" in Canada. However, Arya also clarified that a majority of Canadian Sikhs do not support the Khalistan movement. . "I can't understand how the glorification of terrorism or a hate crime targeting a religious group is allowed in the name of freedom of speech and expression. There would be an outrage in Canada if a white supremacist attacked any group of racialized Canadians asking them to get out of our country. But apparently, this Khalistani leader can get away with this hate crime," he said. . "Two well-organized groups claiming to represent their faiths have been attacking Hindu-Canadian community leaders, Hindu organizations and even me. For over ten months, I have been attacked for raising a flag with our Hindu religious sacred symbol Aum on our parliament hill," he stated. "

National Medical Commission Achieves Prestigious WFME Recognition Status https://pib.gov.in/PressReleaseIframePage.aspx?PRID=1959140 " As part of this recognition, all the 706 existing medical colleges in India will become WFME accredited and the new medical colleges that will be set up in the coming 10 years will automatically become WFME accredited. The recognition will further enhance the quality and standards of medical education in India by aligning them with the global best practices and benchmarks. It will also enable Indian medical graduates to pursue postgraduate training and practice in other countries that require WFME recognition, such as the United States, Canada, Australia, and New Zealand. It will increase the international recognition and reputation of Indian medical schools and professionals, facilitate academic collaborations and exchanges and promote continuous improvement and innovation in medical education and foster a culture of quality assurance among medical educators and institutions. With NMC being WFME accredited all the Indian students become eligible to apply for Education Commission on Foreign Medical Education and United States Medical Licensing Examination. " (emphasis added)

Did Indian agents kill Nijjar in Canada or was it done by his local compatriots? https://globalnews.ca/news/9784316/hardeep-singh-nijjar-death-surrey-b-c/ [According to Surrey provincial court records, Nijjar was charged with assault in March 2019, but the case was stayed that December. A later dispute over a commercial printing press may have put Nijjar at odds with Ripudaman Singh Malik, who was acquitted of involvement in the deadly 1985 Air India bombings. The machine was purchased by Malik and a partner, who intended to use it to print Sikh religious scripture, according to court documents. Malik handed the press over to Nijjar in November 2020 “for safekeeping,” according to B.C. Supreme Court records. But Nijjar refused to return it, a civil suit alleged. Malik was murdered in July 2022. A lawsuit launched in February 2023 sought the return of the equipment.]

Beyond the headline, the report is projecting continued profitability for the next 4 years after 2023. Regardless, such a volatile environment should favour outstanding and opportunistic managements.

https://timesofindia.indiatimes.com/india/superpower-india-ahead-of-china-now-african-union-chief-assoumani/articleshow/103561569.cms

Analyzing an analyst could be an entertaining educational exercise. Any analyst that stands his ground would be worth watching regardless of the ground they are standing on or the odds they are facing which in this case are the odds of Fairfax fair value over CAD 800. Looking forward to future developments and of narratives.

Being hardcorevalue should be able to appreciate the decent and consistent increase in book value. This is while the book value is arguably conservative and the underlying holdings hold good value. The frustration would be understandable if trading short term or if the book value was going down. Supporting on faith or blind belief will cause frustration but understandng value can bring peace. Regardless, Indian economy is running goldilock strong and flying freakin hot to moon and the Sun.

"multi-billion-dollar windfall during the 2007-2008 financial crisis" Use of the term "windfall" says it all about their attitude. A windfall is when fruit falls itself down due to wind. Not even the minimum skill to pick a fruit is required. They potray Prem Watsa as gambler who had gotten lucky. Brett said they are "having a good year". So, the bet making Prem Watsa is having another lucky year of windfall!

10 Top Performing Canadian Stocks in 2022 https://www.morningstar.ca/ca/news/230412/10-top-performing-canadian-stocks-in-2022.aspx " The second spot on the list for performance in Canada goes to Fairfax Financial Holdings (FFH), which senior equity analyst Brett Horn describes as an insurance business, “but is in some ways more of an investment fund.” The company is well known for its CEO, Prem Watsa’s bets and multi-billion-dollar windfall during the 2007-2008 financial crisis. “We think investors attracted to the stock due to a belief in Watsa’s ability to produce alpha on the investment side should consider his record over the past decade, which includes some big wins but also substantial losses and missed opportunities,” says Horn. "

With all due respect, Brett Horn has been a well acclaimed analyst at Morningstar for a long time. https://www.morningstar.com/authors/708/brett-horn "Horn holds a bachelor’s degree in business administration, with a concentration in finance, from the University of Wisconsin and a master’s degree in business administration from the University of Illinois. He also holds the Chartered Financial Analyst® designation. He ranked first in the business and industrial services industry in The Wall Street Journal’s annual “Best on the Street” analysts survey in 2013, the last year the survey was conducted." Recently, however, Brett Horn has been a polarizing figure among the Fairfax investor community. While most other analysts turned bullish on Fairfax, Brett has stood sturdy holding as a pillar of strength at the opposite pole. He has been publishing one report per quarter on Fairfax (FFH), within a few days of quarterly results coming out. This is what he said after 2023 Q1: https://www.morningstar.com/stocks/fairfax-earnings-both-sides-business-show-strength "Fairfax FFH reported a strong first quarter, with attractive results on both the underwriting and investment sides of the business. As a result, book value per share, adjusted for dividends, increased 7% from the year-end figure. However, we see nothing to alter our long-term view, and will maintain our CAD 730 per share fair value estimate for the no-moat company." After reading this, it appeared that the fair value estimate is too low as it is in CAD. I was wondering how will he able to save face if the actual results are too far off. What kind of tricks will be used? That is what I was wondering at that time. This is what he said after 2023 Q2: https://www.morningstar.com/stocks/fairfax-financial-earnings-strong-underwriting-margins-partially-offset-by-investment-losses "Fairfax Financial FFH reported a solid second quarter with relatively strong underwriting margins. However, this was partially offset by some investment losses. While the second quarter was weaker than the first quarter, Fairfax is having a good year so far, with book value per share up 11% since year-end, adjusted for dividends. We will maintain our CAD 790 fair value estimate for the no-moat company and see the shares as overvalued at the moment." So he quietly changed that fair value estimate to an apparently strategic number of 790 from 730 while maintaining that the fair value estimate was being maintained! I suppose in future he could change CAD 790 to USD 790 and still continue to "maintain" the fairness of estimate or Morningstar would simply assign a different analyst to cover Fairfax.

Fairfax followers certainly have good vibes about pets (insurance). Digit Insurance partners with Vetina to offer a comprehensive pet insurance plan. https://mintgenie.livemint.com/news/personal-finance/digit-insurance-partners-with-vetina-to-offer-a-comprehensive-pet-insurance-plan-details-here-151692271246518