matts

Cardboard, let me ask you a question: have you ever managed a business of your own? If you have, you know at least as well as me that most technical aspects are beyond the man at the helm (furthermore, Mr. Watsa hasn’t ever been at the helm of BBRY!). I manage my businesses finding good and reliable technicians, whose work I can barely evaluate and judge... It has always been this way, it has worked pretty well, and it will always be so. Believe me: Mr. Watsa doesn’t know anything about new phones… And has never pretended otherwise… He might have made a mistake judging BBRY’s management, but I am not sure... Imo, the error here is much easier and plainer to see: he was tempted to invest in technology, when technology is so hard to predict. Period. Why did he stay on the board for so long and said nothing? Simply because he didn’t know what to say! I wouldn’t have known what to say, you wouldn’t have known either… giofranchi You don't have a reputation of being the Oracle of Canada, I think that is Cardboard's point. If Prem doesn't have better understanding into BBRY than you, then I don't want him doing this deal (no offense to you of course). We should at least try to consider the deal on it's own terms and merit, and not be so colored that it is Prem. If you change the name Prem to Matts in the media, this deal looks A LOT less prudent from a business/operational perspective, we all know Prem has the skills from a financial perspective. That's my point at least.

Ya but this sounds like literally the last 10 meters from the pole to your house. And you need equipment on every pole which costs capital. How much will it cost for the telcos to get that kind of broadband to that last pole? A lot I would think.

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Sculpin, Counsel Corp looks interesting. Is there a write up on it somewhere?

The insurance companies indeed pay the standard fees to the hedge funds, however, you get the benefit of intraday liquidity and the benefit of the float. As for Greenlight's bad underwriting, I would not call it history, as it is a very new company and the poor results have been primarily due to one bad business they went into (commercial auto) which I view as a single poor decision. Time will tell.

I agree. I think they are a very good shop. FYI for those who are not aware, you can invest in the intellectual property of Murray Stahl and Steve Bregman (horizon principals) via FRMO.