mananainvesting

Should help improve ROE (lower equity base), and more to the bottom line as others have mentioned. Should help with valuations in the longer run too imo.

Fairfax investing in Orla Notes: https://www.marketscreener.com/quote/stock/ORLA-MINING-LTD-19500426/news/Orla-Mining-Ltd-announced-that-it-expects-to-receive-CAD-200-million-in-funding-from-Fairfax-Financ-48397640/

Prem on Investing in India. https://www.cnbctv18.com/business/companies/prem-watsa-on-fairfax-financials-7-billion-dollar-investment-in-india-india-canada-relations-19510220.htm

I do not plan to sell the stock anytime soon, roughly I think fair value of the stock is ~$3000 USD, valuing it on the basis of how Gayner shows to value Markel (Investments- debt +value of Insurance biz + value of associates/ventures). I also agree that I might take a harder look if I think Forward ROE is going to be below 10. I also wouldn’t mind paying a premium(not costco like premium :D) to a company with a good culture where the terminal risk is low and getting lower with additions to associates. Nothing is for sure and I might do a U-turn later if circumstances change or if I think I was wrong. However, as now I plan to hold for a long time. Cheers and I appreciate the discussion.

Thank you, I appreciate it.

@Inofeisone: What’s your thesis on CNC? Any elevator pitch? Noticed the CFO buying, and I am intrigued.

Bought more $HDB and got back into $FTT.TO

Added to $T (AT&T) and $HDB.

Added to $HDB

What are the likely scenarios on FFH closing the TRS? Would they have to pay the financial institutions to close the position? Can Fairfax buy the shares underlying the TRS?

Good catch on the share repurchase. I don't know the manager, the letter has a name at the top.

Alphyn Capital Q3 letter discussing Fairfax. https://www.alphyncap.com/uploads/1/4/1/2/14123551/acml_2024-q3.pdf

Bought more $T (ATT) today

@SafetyinNumbers: Fantastic Podcast! Enjoyed the listen just like your previous podcast with Bill Brewster.

Added to $FRFHF/$FFH.TO