Shawn

Wow this is my lucky day LOL, I thought they were all sold out. I'll buy a ticket.

Wow that's awesome friend ! Very interesting & insightful responses. I wish you the best !

Happy Anniversary Parsad ! And Thank you for even approving me to post on here. This place is an oasis of knowledge I love it. A few questions *puts on interview/journalist hat*: - who was the most surprising person you've ever interviewed ? As in did you have any expectations about certain individuals who blew them out of the park or changed your perception ? - Who had the most peculiar investment advice you'd ever heard ? - What are the 3 best pieces of advice you've ever gotten ? - What do you love the most about this board ? - What originally attracted you to investing and how do you think that's had an impact on your life & happyness ? - In the next 5-10 years where do you see the board going ?

Looks like one of em "works in theory but not in practice" discussions

Aye friend you might want to check this thread out: http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/pbn-petrobakken-5-yield-10-production-growth/ There's some pretty informative stuff there. Btw I've added PBG to my holdings.

Hey friend you might want to check this thread out: http://www.cornerofberkshireandfairfax.ca/forum/investment-ideas/pbn-petrobakken-5-yield-10-production-growth/ Btw I have added this to my holdings.

Hi scc,... I just went myself to your mentioned website at Morningstar, and couldn't find any such information at all that you were mentioning. Maybe I'm today brainless, ::) but I couldn't find there any information of the share count of senior executives. They have there only tables of institutional holders (i.e. other insurance companies, funds and banks,... holding shares). Dear scc,... not sure what you saw from your side,... from your computer. But you might help us understand you, if you would be so kind as to make a picture/ screenshot of your browser window with this Morningstar.com page and upload the photo to this forum. Maybe it would clear any misunderstandings. Otherwise I think, your numbers might be a error of Moningstar or something. I personally have been an Fairfax shareholder for almost a decade now, know all the Watsa family names, and have seen them at the AGM. Fairfax it's Prem's painting, like Buffett considers Berkshire his painting. They both will hold their shares until they die, or they will go to some family trust. Currently Prem holds most of his Fairfax ownership through his Sixty Two Company. You might be able to read the last available Fairfax proxy letter here ---> http://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00002458&sub=1 Or here directly @ page 3 ---> http://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00002458&fileName=/csfsprod/data127/filings/01870276/00000001/f%3A%5Cjbarrett%5Cfairfax1411-0001%5Ccircular2012%5C283469Circular.pdf ----- (4) Mr. Watsa controls Sixty Two, which owns 50,620 of our subordinate voting shares and 1,548,000 of our multiple voting shares, and himself beneficially owns an additional 257,714 of our subordinate voting shares and exercises control or direction over an additional 2,100 of our subordinate voting shares. ----- *does print screen* This is what I originally saw: http://i.imgur.com/kTTW79u.png http://i.imgur.com/kTTW79u.png You guys were right - he just transferred it to The Sixty Two Investment Company that's why it showed up like that on Morningstar. I've owned FFH for 4 years now, I can't even front I thought I was going nuts at first lol.

@wknecht I think I'm gonna take your word for it. I think Morningstar made a mistake or something, has to be an error.

That's what I'm saying, it can't be right. No way he'd sell 83% of his shares.... But, if he bought/owned them through his other companies wouldn't it show up on there ? Especially for such a big stake ? Wouldn't he make a press release or something ?? I think it'd be a good question to ask him at the AGM.

I was on Morningstar and went to shareholder information & saw that apparently Prem Watsa disposed of 1,547,560 shares ? A few months ago it said he had a 6.74% stake in his company. Is this correct or is it a blunder on Morningstar's part ? I can't seem to find any information on it. http://investors.morningstar.com/ownership/shareholders-overview.html?t=FFH&region=CAN&culture=en-us It won't change my mind about Fairfax but I just thought that this was interesting. Why would Prem sell such a significant stake in his company ? Tell me I'm seeing things.....

I can't remember but didn't Graham say something about a margin of safety that is too wide possibly being an issue ? Here's an example.... Company A is worth $1 billion but the stock price falls to say $50 million because iuno Mr.Market gets depressed. I've seen companies fall by as much as 90% or more before but I had one of those moments where I knew enough to have made a lot of money but didn't invest for whatever reason (and not long after these stocks would turn out being multiple baggers). I've been scratching my head about this all week lol. Can there be an issue with a margin of safety being too wide ?

Maaannn I've been looking at this for the last 2 days and I can't help but feel it's too good to be true (then again I said the same thing before I bought RIM, Indigo, WFC and the BAC class A warrants)..... I'm considering investing in PBN but I have some questions: - why has the stock price fallen so low ? 0.04x book value ?? I can't wrap my mind around that LOL - was there a recent reorganization and if so why did it occur and are there any surprises we should be looking out for (in regards to shares, dilution, hell anything) ? - How did the CEO get $200 million dollars worth of shares in PBG ? - Can you point me in the direction to any thread on PBG ? Keep in mind I'm just being a skeptic - I don't know about PBN nor have I read the annual report yet. But if you can peak my interest I'll take an intricate look at it & eventually add it...

@ Giofranchi Wow you know, I may not post often but I do lurk everyday and of all the posters on here I'd say you were my favorite by far. The article you posted, that quote I read was powerful - yet so simplistic. Thank you for posting.

He's a turkey. A mini version of the accidental billionaire... Quoted for emphasis. I give Mark props for being successful but he is a turkey..... sometimes he just comes off ignorant.

If it looks like a duck, quacks like a duck, walks like a duck well.......

I'm seriously wondering if I should invest in Western Digital or DELL right now..... decisions decisions.... :(

Wow there's a lot more than I thought ! Thanks everybody for posting and may you all enjoy 2013 !!

In my personal holdings 14.5% I might have a mock portfolio that's very similar to my personal holdings I had on Investopedia last year if I can remember the password for the life of me I'll post it LOL. The S&P 500 finished at what 16% in 2012 no ? I think it just barely beat me LOL. This is the first time the S&P 500 has ever beaten me by the way.

First off Happy New Year COBF !!!! Basically all I'm asking is, what other Value Investors do you know of in Canada ? I'm extremely curious to know of them. I know of Prem Watsa, Francis Chou, Tom Stanley, Vito Maida, Irwin Michael to name a few but who else is there ? I mean the aforementioned can't be all we have to offer :( ..... Doesn't matter if they're big or small what other value investors exist out here in Canada ?? I know there's a whole gang of em out in the States, but what about Canada ?

From my research, there are a large majority of Canadians who do this. But what I can't figure out is why ? Why is it easier to start a partnership in the States ??

Thanks guys !! I really appreciate the help !!!

I am going to create an investment company. So far I have mostly family members both in Canada and the U.S. who have pledged to allow me to manage their funds. I am planning to fully launch sometime in March of 2013 or Q2 of 2013. I have a few questions though: What types of trading platforms can any of you recommend ? Are their any rules or regulations in regards to Canadian advisors managing funds for U.S. citizens ? Why do some people (Canadians) create U.S. corporations/LLCs and then open Canadian subsidiaries ? I would greatly appreciate if somebody could answer some (of not all) of my questions. Thanks in Advance !

Based on what you've posted I don't think I'd do it. Question I have is - how many units in the property ?

No surprise there.... I still think they are a mediocre bank though. I'm sure Moynihan will do an incredible job with Bank of America in the next decade or so but ehhh I'd rather take Wells Fargo. However, the warrants for Bank of America are extremely attractive.

I'm curious about this, I think it's a very important measure of a banks fundamental success. Wells Fargo has the highest cross sales ratio at 5.8-7 products per customer and I think Prudential financial is also up there as well (but don't quote me on that lol). Anyways.... I'm curious about what the cross sales ratios are for Canadian Banks. http://www.vrl-financial-news.com/bpa/banking--payments-asia/issues/bpa-2009/bpa3/bankinter-tops-global-cross-se.aspx This list shows RBC at 4 products per customer and BMO at 2. In TD Bank's Annual Reports and financial statements they say that TD is among the the highest cross sales ratios in North America but they never say the actual number. Given that TD Bank is really customer oriented I'm curious to know what the actual number is..... If anybody knows the cross sales ratio for TD and Scotia please post.