Parsad

https://www.yahoo.com/tech/hawk-tuah-girl-hailey-welch-164207108.html Cheers!

You should notice no more lag as well! Cheers!

Didn't take long...already done. Cheers!

Not sure how many other have noticed it in the last few months, but there seems to be some lag in the site. In the last day, some posts are duplicated and cannot be deleted. Also when you post, there seems to be a lag between when you click on "post" and when the site actually posts. So they will be moving the site to a new server tonight and may not be available for a while during the migration. Thanks for your patience! Sanjeev

There really is no need to be listed on the NYSE or Nasdaq, nor index inclusion. If Fairfax is adequately capitalized, running their insurance businesses well and making sensible investment decisions, they will always have a loyal shareholder base and be in a position where they could buy back their shares if the opportunity presents itself. Everything else is kind of irrelevant. Cheers!

+1! Cheers!

I appreciate the thought and gesture John, but rather than send me funds, please donate to any non-political, non-profit of your choice in your area. The site takes care of itself, and like many of you on here, I have been a long-term benefactor. If you want to help the site, mention it to like-minded people so that we continue to spread the gospel of Buffett and teach people to manage their own money. I wish you all a Merry Christmas and Happy 2025! Cheers and thanks!

Yeah, I'm not averse to it, since I imagine general volatility will increase even though they believe that market efficiency will prevail. I just think markets are getting more volatile with technology, rather than less volatile. Cheers!

The question isn't if GenRe was a mistake or it has earned its purchase price...but that when issuing overvalued stock, often the target companies are also overvalued to a degree. Berkshire issued stock for GenRe and Dexter shoes...both turned out to be mistakes to some degree because he overpaid...even with overpriced stock. It's not that Fairfax can't used overvalued stock to acquire other businesses. Just that when FFH is overvalued, so are other insurers and target companies. Hopefully, if the stock price does become significantly overvalued and they use it, they will get lucky and find quality, target companies that are worth less than their intrinsic value. Cheers!

Not fair, nor polite. Keep it nice boys...Santa's watching! Cheers!

When will we all sleep? Cheers!

Yes, I wouldn't recommend it for taxable accounts. Cheers!

https://finance.yahoo.com/news/just-got-closer-24-hour-202633261.html Cheers!

I don't know about your area, but for where I live: Vancouver Food Bank and Surrey Food Bank are the two I give to. Most major cities in Canada have at least one, if not more, food banks. For U.S. residents, this is a terrific resource to find them: https://www.feedingamerica.org/find-your-local-foodbank Cheers!

They converted from a REIT to a regular operating company. I bought when they were a REIT before the announcement. They expect to continue to pay the same distribution as before, but now as a dividend. For comparable companies, that would mean the price would increase to between $45-$50 per share...especially when interest rates continue to fall. They also have the master limited rights to Pret-a-Manger for all of Canada. Anyone familiar with them, knows that could be a huge accretive business for A&W going forward. So there remains some significant upside, while paying out a fat dividend. Cheers!

I was somewhat interested in HSY, DENN and CBRL. With HSY, I wanted to see it get into the P/E teens...might have missed the boat on that now with some interest in it being taken out. With DENN and CBRL...the restaurant industry is essentially coming out of an industry depression. I'm trying to contemplate what will survive...and if it does, what will begin to thrive again. These two aren't huge growth stories or anything, but they are so undervalued and depressed that either they fail or they triple in the next 5 years. Still digging around, but not much that intrigues me. Cheers!

Yes, fortunately I did. My whole investing career has sort of been a few years fully invested in concentrated positions, then I usually build up cash as markets get expensive...during that period I look stupid and out of touch...and then suddenly some opportunity presents itself. Rinse and repeat! Cheers!

GenRe was not a great deal...it was ok. That was the reason Joe Brandon was fired. Cheers!

GenRe was overvalued as well. It's rare when one company's stock is overvalued, but target companies in the same industry aren't. Cheers!

It's rare for equity to be so overvalued for a long-period of time. The gravity of market fundamentals usually corrects within a year or two. FFH took advantage of overvalued stock back in 1998/1999...the purchases didn't turn out so good short-term, as generally other comparable assets for acquisition are also overvalued to a degree. Buffett always wanted his stock to be fairly valued...which was impossible. When issuing equity, he wanted it to be fair to both Berkshire shareholders and the selling party. Otherwise, he preferred to just use cash. That moral code might not maximize shareholder value, but the maintenance of fair value or close to it, encouraged a long-term base of shareholders for Berkshire. That's why Berkshire shareholders have the least turnover of any S&P500 company. I think Prem's sentiment is probably along similar lines. He wants long-term loyal shareholders...not such volatility that he loses that base. Cheers!

+1! On top of that, Berkshire's capitalization is in that top tier of companies that could be counted on two hands. It's why it has a AAA rating across the board. Rock solid with all three stool legs firing and a ton of cash on hand while loads more come in every day. I would compare these athletes (FFH and BRK) as marathoners, not sprinters. In that case, Berkshire's best days are not behind it, but continue to be in front. Yes, it won't compound at the same rate, but it will exist long after every one else has run out of gas! Fairfax has the opportunity get there and is headed in the right direction, but it is not there yet. Berkshire is Jordan with six rings and still making a ton of money off of endorsements in retirement. Fairfax has just won its first championship...hopefully many more to come! Cheers!

+1! Cheers!

The whole portfolio. I just went to that much cash during the last year and a half. It's been the best 5-year compounding period in my entire 25 year investing life...both in percentage return and dollars! Got lucky with FFH, META, GOOGL, JPM, LULU and even BRK...bought a lot of those 6 ideas pretty close to their five-year lows in large amounts. Also had a few call option ideas that panned out very well after the pandemic. And those results were by averaging in and slowly averaging out as they recovered from their lows. If I had just held on, the number would have been just stupid...over 50% annualized! But I like to sleep at night, so averaging out slowly works very well for me both mentally and economically. I can live with getting rich slowly and I'm always prepared for an opportunity! Cheers!

Just a heads up type comment. Food banks throughout North America are really struggling this year as the demand is through the roof. The visits at many food banks have increased anywhere from 50% to 150% in the last year. Food insecurity is very much alive in North America this year! Many food banks aren't sure how they will survive another year of this type of demand. I normally spread my contributions at year-end to 10 different non-profits, but this year it was much more concentrated within the two food banks I contribute to regularly. The other 8 non-profits also received contributions, but not the same amount as the food banks. My general sentiment is more aligned with teaching people how to fish rather than giving them a fish, but with increased costs in many sectors, food on a family's table has become a discretionary item for those that are running short of money each month. Cheers and Merry Christmas to all!

Sitting on just over 50% cash in t-bills and short-term treasuries. The rest is in FFH, BRK-B, VOO, META, JPM, GOOGL, AW.TO and SRU-UN.TO...with a tiny, tiny amount still sitting in PARA 2026 calls! There are a couple of stocks that intrigue me, but still not cheap enough. Compounded at 34% annualized for the last 5 years...I'm ok waiting for the right fat pitches! That being said, I don't need to swing for the fences anymore...singles and doubles will do nicely. Cheers!