hardcorevalue

not seeing what the value add is on this stuff. feels like dogecoin traders speculating on next weeks price. good luck if that’s your thing though

Ikea has way better deals if you research the right one. They don’t have to spend a massive amount of the topline on marketing dollars.

It seems a much smaller TAM and less pricing power than See’s is famous for.

It’s beyond frustrating. I’m getting clients angry at me for FIH instead of an index fund. We need that anchorage IPOl lol

And more fees will accrue in the next 3 year period. What’s your point?

I think the issue is this is a bit like the line about Brazil. It has a bright future and always will. We are approaching a decade of no returns on the stock and the fees keep accruing. Fairfax’s balance sheet is greatly improved from years ago and they already own so much I wonder if they will just a decent multiple of book value and take it out. Wouldn’t bet on that though.

so you are playing this for 80 bps?

why are you all buying Oxy instead of something better like CNQ?

Can you walk me through the $AVGO thesis a little bit? I struggle with it at 41x 2025 earnings.

Ha ok thanks, I guess I just think really long term here so it doesn’t seem like a huge drop!

What does this mean? I don’t get it.

It’s Alo! but should do fine even with it

Let’s just all agree that if this company was called "Sleep Country USA” Fairfax would never have touched it... It’s not the best use of shareholder capital in my opinion but doesn’t change the FFH thesis over the long term.

Only 29% more drawdown to go I guess That would certainly fine tune some of our thinking!

Ha don’t count me out. I’ve been adding too!