longlake95

Thinking of selling some HPS.a...

A little add to HPS.A

And spend billions along the way… remember the “budget will balance itself”…

LC - that’s probably one of his best interviews ever.

Bought a little more BRK.b last Friday

call me crazy...bought a little more WBD.

Okay, good!

Prem should be able to use partners like Omers/CPPIB, if he needs “stable” funding. It would be a shame to sell this asset in the 3rd inning.

If, in fact this materializes, I’m not a fan. India has increasing tailwinds, as the world steps away from China. India is open for business, I think the risk is “low” that India nationalizes major infrastructure assets like BIAL. Who sells a growing toll bridge?

I wouldn’t take the recent margin trend as any indication of Fever Tree’s future prospects. They have been hurt lately (last 24 months) with soaring shipping costs, high glass prices etc. those costs are likely to abate as inflation settles down and the new bottling plants are up and running. FEVR is a leader in the premium mixer category. Premiumisation, is a secular shift that is not stopping. People, particularly under 40 now drink/eat premium coffee, beer, spirits and food. Show me a Gen z that drinks Beefeater and cheap-ass grocery store tonic and I’ll show you a unicorn. They seem to have a long runway of growth outside the UK.

Fever-tree (FEVR)

No

I think the longevity/BRK connection is under-appreciated. It’s one of the many non-financial lessons I’ve learned from WEB/CTM. Living “simply”, minimizing harmful health habits, meaningful relationships with family/friends, minimizing stress and being happy. Stress is way worse for you than a few cokes once and a while. Of course, having a little $$$ helps with the stress factor. there seems to be alot of old value investors.

RIP Sandy

Here's the buyback. 10% of the float and a bunch of the prefs. Also, an automatic share purchase plan so they can buy back even during blackout periods. https://www.fairfax.ca/news/press-releases/press-release-details/2022/Fairfax-Financial-Holdings-Intention-to-Make-a-Normal-Course-Issuer-Bid-for-Subordinate-Voting-Shares-and-Preferred-Shares/default.aspx

Sold my last remaining position in SBUX last week at $92 1/4. The story here has changed quite a bit, enough for me to move on.

2 year treasury 12 months ago: 0.207 2 year treasury today: 4.259 remarkable

seems like a tightly wound spring, with yields backing up. Solid CR's. Dry powder. 0.8X book... and Prem making better investments. Looks like a 1 ft hurdle. I still think the market penalizes Prem for his past mistakes.... my thesis is that putting 35B to work at 4% might change people's minds...

Thanks. Okay maybe I will post a little more. Not sure I can add too much to the big brains around here.

LMFAO

added a little FFH

JOE

What’s the old saying….” If it flies, floats or f&%@s - rent it”

I recently met with a friend who has worked in insurance her whole career, she is 53-ish…she is a senior underwriter in commercial lines, here in Canada. I asked her what inning of the ball game are we in the “hard market”, without missing a beat she replied “ the 7th inning”. yes, it’s anecdotal, but it’s real-time, from a source I trust.

Added a little HPS.a on Friday. Still cheap.