longlake95

CVE

I love my 1750 sq. Ft. go smaller and make it custom. Way more enjoyable.

nothing to see here... https://www.bankofcanada.ca/rates/indicators/market-operations-indicators/overnight-repos/

The printed version is priceless. The ease of "flipping" through 1500 companies continuously, until something catches your attention is very effective. I get a tonne of value out of this document.

https://thecobf.com/forum/topic/5569-gil-gildan-activewear-inc/page/5/#comment-544625

GIL

Thanks Sanjeev Merry Christmas to you and yours as well. You are very right, many have had a rough couple of years. COBF's pay forward some of that tax advantaged divvy income, to those who need a helping hand. All the best to everyone for 2024.

FFH

ATRL

Well done Ladds.

I think you’re on to something. Or it’s my confirmation bias coming through… Nice list, I own 4 of those… I’d add SJ and the Canadian rails to the list. Even Couche Tard.

He is also saying that you should adjust for absolute dollars. When you are managing a 'piddly' 100K and return 10% you created 10K. The same 10% return on 1000K is 100K. Same return bigger absolute dollar creation.

of course, Sir Charlie is not wrong. The financial industry here in Canada, was legislated to provide investors with money-weighted returns (MWR), not just time-weighted returns (TWR). Because money weight returns are more realistic, since most if not all investors have cashflows into and out of a portfolio.

well, it's a 12 ish percent holding. Trying to lean in here...

FFH

RIP Mr. Munger. You changed my life. Thank you.

Agreed, this stinks. Helps the narrative that Prem can’t help himself and continues to fiddle around with these CRAP (Can’t Realize A Profit) Co’s. Excluding the super 7 mega tech co’s, the market is trading at 16x give, or take, can’t he find solid profitable companies at reasonable prices? maybe I’m wrong! Maybe this blossoms into another home run…. yes, I know it’s tiny….but it’s the point…

I'm away at a hockey tournament. I post something about the recent Q next week. Bedard provides a masterclass, in plain English, on trucking and business and capital allocation regularly on the calls.

TFII Bedard is the Singleton of trucking.

assuming FFH even has exposure to this: likely <1% BRK likely <4% ( 8 days of interest income on BRK 150B in cash...)

Added back a little TFII last week.

TFII

FFH

bought more FFH today. Yanet made me do it.

Floaters