RRR

Thanks @djokovic1 for sharing the presentation ! I have followed along the forum silently and am an investor in Fairfax based on my own learning here. Shout out to @Viking and others ! One point from the presentation I found interesting, and I'm wondering how others are thinking about it -- Fairfax seems to run greater leverage overall (~300% invested assets/equity vs other insurance peers and Berkshire). At the same time, a larger share of those assets sits in common stocks, which are generally more volatile. Berkshire obviously holds an even greater portion in common stocks, but its leverage looks like the lowest of the group, so it should be better positioned to withstand a drawdown. I suppose I'm just concerned about the tail risk here.