Hsmpanl

I think this is over 3 days... Europeans report the day and month backwards right?

I’d just throw on some more TRS and simultaneously buyback stock. YOLO

I personally greatly appreciate the insight. Pretty freaking cool that people on here have close personal relationships and direct interactions with people running the show.

Yep, I'm with Crip on this one. Guessing it will be worth alot more in 10 years than it is today, but I also think alot depends on the negotiation with Karnataka on HAL reactivation v. a new, competing airport owned by others once their exclusivity expires. In general it doesn't seem like recent items (IDBI, Anchorage IPO, and airport negotiations) have been going Fairfax way, which does give me some pause.

What a shit show. Hope all the effort being put into the anchorage IPO is worth it. Glad they didn’t overpay just to get the asset.

What are we expecting to happen with the soft market? Do insurance earnings disappear or does float/premium growth just stall? I imagine the 0.6x book was because the market lost faith in Prem as an allocator, and barring something like equity hedges or another blackberry it’s hard for me to see this things trading back down below $1,000 per share. I’m having trouble keep myself from backing up the truck here, which is probably a good sign that it has lower to go.

This is very, very accurate, but somehow people are still willing to give him money, first at Tapstone and now at Mach. Sucker born every day I guess….

No one is Ajit but seems the insurance bench is pretty deep, even more so with the Allegheny acquisition. I think it comes back to the investment portfolio and what Ted and Greg can do with all the capital they have. Hopefully their patience pays off at some point in the future and Ted can get us some of his Roth IRA type returns….

Does anyone know if Fairfax buys any of the recent ABS issuances tied to the oil and gas industry acquisitions?? Seeing a ton of froth in recent deals in O&G and they’re predominantly ABS buyers who are placing their debt with insurance companies. Multiple deals getting preempted which hasn’t happened in O&G in a long time. Definitely a sellers market right now, might bode well for Exco.

Has Fairfax ever traded at or anywhere close to these multiples in its 40 year history? Not arguing that intrinsic value could be in that range, just the conclusion should be to continually buy Fairfax, and Fairfax should be plowing every dollar into buybacks if it has traded at that kind of discount for decades.

Win-win, we make a lot of money, FFH makes a lot of money. A beautiful outcome.

More FIH. Podcasts with Hari are a helluva drug.

Interesting experiment in social psychology with how similar/clustered alot of the portfolios posted here tend to be... I'm clearly highly influenceable and the group think from this forum has been a major positive so far! ETFs FRFHF 27.50% 13.65% Cash 9.89% BRK.B 9.28% JOE 9.02% LULU 3.93% AMZN 3.72% GOOGL 3.71% BTI 3.37% FFXDF 3.30% META 2.62%

Personally, I trust Prem and Fairfax. They’ve always done right by partners and shareholders. Yes Fairfax has unchecked authority to do basically whatever they want with Fairfax India, you have to be comfortable that they aren’t going to use that nefariously. If you’re not then I wouldn’t own FIH.

This is an incredible idea… hope it’s a good listen!