Hektor

+1

BRK-A, FFH

@Viking I think Prem mentioned that they could exit the TRS quickly. So, I feel this will not be a "run away train" like the previous hedging episode. Any thoughts?

Fairfax Completes Sale of Portion of its Interest in Poseidon Corp. Fairfax Financial Holdings Limited announced today that it, together with certain of its affiliates (collectively, “Fairfax”), has completed the previously announced sale of an aggregate of 67,618,981 common shares (the “Shares”) of Poseidon Corp. (“Poseidon”), the holding company that owns Seaspan Corporation, at a price of US$28.30 per share, for aggregate proceeds of approximately US$1.91 billion and a pre-tax realized gain of approximately US$837 million.

I think they have a very variable cost structure than any of the other airlines. Besides the refinery, they have a used/old aircraft strategy, lower rate of unionization etc

Good one @Mephistopheles

I think so too. Looks like the big 4 has about 70% market share and the threat from ULCC taking market share might be fading. If this is true, I guess we will see the other airlines in a future 13f.

I think the 20 was above 5 yesterday. I wonder if @gfpis picking some.

Berkshire Picks Gen Re Chairman as Insurance Star Ajit Jain’s Successor Charlie Shamieh, an insurance-industry veteran, is slated to succeed Jain whenever he is ready to retire Berkshire Hathaway has selected Gen Re chairman Charlie Shamieh as the successor to longtime insurance mastermind Ajit Jain, aiming to ensure a smooth leadership transition at one of the conglomerate’s most critical businesses, people familiar with the matter said. Shamieh will step in to run Berkshire’s sprawling insurance arm when Jain decides to retire, the people said. Jain, a 74-year-old executive who Berkshire chairman Warren Buffett has said is irreplaceable, hasn’t signaled when he will step down. He is expected to remain in the role for the foreseeable future https://www.wsj.com/business/berkshire-picks-gen-re-chairman-as-insurance-star-ajit-jains-successor-e857bb5f?st=c6BVTq

May be. But the moat strengthens. Who will plow in more/larger amount of capital to build a competitor that can only earn the same return as Berkshire.

Plus, the moat of these capital intensive regulated businesses strengthen during inflationary periods, imho.

+1. I felt as much re: Buffet's rationale for BNSF.

I guess Greg is telling everyone that he really knows his stuff.

BerkshireHathaway.ai