hardcorevalue

Been adding DND.to all week. This is probably at 20% fcf yield with Canadian real estate transactions normalizing a bit and there's the upside with actually running the company properly under new management Stock under pressure as the ousted CEO is likely selling.

If Fairfax announced tomorrow that they were buying all of Fairfax India for $30 (1.5x stated book value) would you consider that an acceptable outcome as a FIH and FFH shareholder?

Alcohol is a class 1 carcinogen with smoking and asbestos It's wild that it's so accepted in society

Yes, that's fair, It's just time value of money here with other opportunities and left tail concerns that limit my position size. (If something goes wrong politically with Modi and India pivots back something less capitalistic and tries to steal this crown jewel).

Might wait to see if it hits $12 or $13 again before adding. I think a lot of investors are getting up fed waiting. With those comments in Ben's letter it seems no IPO coming in 2025.

Fairfax, I think it's a layup here.

It's a gift from the gods. Now if we could get this back under $1800 again that would be a dream.

I own plenty but too much of a good thing can be wonderful.

I'm one of the few that are hoping the shares to collapse, like a massive drawdown. I want to own more of this company. It's very frustrating having it hold up so well.

Obviously Canadians are dieing to this as well though but more fentanyl is coming from the US to Canada instead of what Trump says. The fentanyl to the US is coming via China and Mexico. This is just a way for him to get out of the free trade agreement.

It's so frustrating watching Americans joke about what as their closet ally being annexed. It's hard to explain how much Canadians view of the US has changed in the past two months. Literally undoing decades of goodwill. It's kind of depressing really. Then talking about invading foreign countries, Nato members and selling out Ukraine. It's just so bizarre. Interesting times to say the least.

He seeded digit to a billion dollar plus valuation. That's all the proof you need that he can do tech.

Unfortunately Fairfax doesn't even own the majority of Ki

I don’t we are going to get som 10% tsx sell off or anything although I’d love to be wrong.

Prem Reputation Reflation. Just wait until the end of the decade.

Wait did you really? You were the ultimate bull on it, what changed or what did you view incorrectly?

“If that proves correct, the MSOS ETF could ~2x from these levels and still trade at a discount to the market." How are you getting that?? Greenthumb is 35% of the ETF and has a 29x pe ratio. Trulieve is 18% of the ETF and loses money Curaleaf is 17% of the ETF and also loses money.

Ha I love how this forum is slowly drifting into crypto bros... Corner of Berkshire and Fairfax and MicroStrategy We need a great depression...

Didn’t know! Thanks for posting on Rivett.

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?