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wondering

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  1. Does anyone have any knowledge how the float is invested in the smaller markets where Fairfax operates in? For example, what type of investments do they have in South America or Eastern Europe? Or is this so small, its not worth bothering about? I asked Peter Furlan (one of Hamblin Watsa guys) years ago at an AGM about the international investments. He mentioned that they don't play on FX, meaning that the float from, say Colombia is invested in Colombian stocks and bonds. At least, that was my understanding. Can anyone shed some light on this? Am I thinking about this the right way? My guess is that it is a small percentage of stocks, and mostly government bonds. PS - how the hell do you invest the float in Argentina?!
  2. I went to Bangalore for two weeks for work. I was there 10 years ago. Terminal 2 is absolutely spectacular. Not good, not good for by Indian standards. Burt good by world class standards!!! A tourist destination in of itself. Also used Terminal 1. They have streamlined the enter process since when I was visited 10 years ago. Not perfect, but certainly better than it was before. My Indian colleagues said the Modi "rigged" the system ensuring that the BJP party will rule for the next +20 years. Previous Indian political parties were not really align in the typical left/right model. My Indian colleagues said now that has changed and BJP is the party of the right Please if anyone disagrees, please speak up. I just reporting what my Indian friends told me. Nothing really more insightful to add - Bangalore is growing by leaps and bounds, traffic is worse, and it crazy that FIH is selling at 60% of book when there is such growth and growth potential. The Airport will continue grow nicely.
  3. Norman Rothery's two articles in the Globe and Mail give excellent ratings to Fairfax. https://www.theglobeandmail.com/investing/article-meet-the-megastars-the-best-20-tsx-stocks-for-a-blend-of-value-and/ https://www.theglobeandmail.com/investing/article-the-globe-250-megastar-ranking-2023/ Also mentioned in these articles was other FFH notables (good ratings for Stelco and Fairfax India, poor rating for Blackberry). My question is with articles such as these and analysts upgrading Fairfax, when do we start to see the general investing public (I guess that could include both institutional investments and individual investors) start to change their mind on the prospects of Fairfax. In my work, I see the investment portfolios of clients. Almost all of them have some Brookfield, rarely does a client have an investment in Fairfax.
  4. Truly a great man. I will continue read his nuggets of wisdom.
  5. Globe and Mail. Insider transactions. Fairfax Financial Holdings Ltd. ( FFH-T +2.04%increase ) Between Nov. 8-10, vice-president of strategic investments Brad Martin sold a total of 5,000 shares at an average price per share of approximately $1,241.40, after which this particular account held 8,473 shares. Proceeds from the sales exceeded $6.2 million, excluding commission charges.
  6. Damn. I was in the process for applying for a visa to go to India. I guess it will have to wait. I was going to go to Bangalore.
  7. I bought a little bit of Chorus Aviation CHR.TO
  8. I just finished this book. Really fun read. It opened my eyes to the fact that oil producers don't always have a ready buy for their crude at any given time.
  9. small purchases of FIH Fairfax India. Thesis - US dollar can't be strong forever, good companies in the portfolio, and it's selling for something like 60% of book.
  10. I am certainly no expert in this, but there is a rose bros podcast that discusses this particular topic
  11. Me too. I read the book and I have been following his podcast since it started. I found the book a nice summary if person doesn't want to listen to the many hours of the podcasts. My takeaways are: the finer details of diets are probably less important than we realize. For example, paleo vs keto vs vegan etc... Stick with real food (meat, vegetables, fruits, etc). More importantly, stay away from highly processed food, added sugars. insulin sensitivity is super-important. Type 2 Diabetes and insulin insensitivity is a gateway to other diseases.. heart disease, cancer, Alzheimer's (although of course there are no guarantees) Because insulin sensitivity is super important, maintaining muscle mass through your life is also really important, which leads to the next point exercise is also super important. Both cardio fitness and maintaining muscle mass through resistance training Attia's editorial on the current medical system is spot on in my opinion. There is not nearly enough done for preventative care. Health care is really sick care. Once you you have heart disease, it is really hard to restore you back to your original healthy self. It's much better to do testing (eg early extensive lipids tests) and interventions when a person is in their 20s, 30s, and 40s, rather than waiting until they are 70 and their arteries are totally clogged.
  12. I don't think anyone has posted this yet (pardon me if it has been posted) - 17 minute interview Prem gave with his views on the Greek economy, Greek investments - Sorry I am a big Prem-supporter, but the sound, and medium in which this was done was horrible, horrible. BuX t you concentrate on the content of the discussion, there are a few important take aways - a significant portion of the Greek debt is at 30 years at 1.5%, S&P says the debt profile of Greece is among the best in Europe - Greece will do will do well irrespectively of what happens in US and Europe - Greek banks are very well capitalized. 1.5 - 2.0x capital ratios of US banks, but selling at only 5-6X earnings
  13. https://www.heliosinvestment.com/helios-fairfax-partners
  14. both investor day and AGM videos have been posted
  15. Hi Viking, I agree with your overall thesis for FFH, however could you expand on your argument why commercial real estate is the next asset class to go down.
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