Parsad

For or against Blake? Vegetable oil or beef tallow. Choose your side! Cheers!

Just a joke Sweet...nothing to do with you and more about how politicians of all stripes and color suck! I'm not sure how any of them wake up each morning and then spew the crap that they do...Dems and Republicans, Liberals and Conservatives! Almost all are liars, cheats, scoundrels and hypocrites. Power corrupts absolutely! Soon Oprah will be giving away pardons...you get a pardon, you get a pardon, you get a pardon! Cheers!

Apparently, it's been extremely dark times for the US economy over the last 4 years...you sure you want it? Things have been about as bad as humanly possible in the U.S...people getting stabbed, shot, raped, murdered...almost like Haiti or the Congo! Censorship has been rampant, weaponization of the justice department, every child I know has been given testosterone blockers, dogs falling in love with cats, the Rock hating on Vin Diesel, hell opening up in the Pacific Palisades swallowing up all of the gay, God-hating powerbrokers of Hollywood...it's been just awful! You can't even get a decent donut anymore or french fries cooked in beef tallow! Cheers!

You can call Fairfax and ask to speak to their investor relations representative and ask them if that information could be put in the annual report or Prem's letter this year. They'll make a note and maybe show an updated number. Cheers!

https://statisticstimes.com/economy/united-states-vs-eu-economy.php https://data.worldbank.org/indicator/NY.GDP.PCAP.PP.CD?locations=GB-US 1st link...US GDP PPP versus European GDP PPP. 2nd link...US GDP PPP versus UK GDP PPP. As the slides show UK GDP PPP grew at the same rate as US GDP PPP. And Euro GDP PPP was just nominally lower than US GDP PPP. Has little to do with migrants and more to do with currency fluctuation. In other words...more economics and less politics. Cheers!

You didn't even read the slide you posted: Using "current prices" to make such interpretation is misleading, since the euro depreciated temporarily during that period. On a PPP basis EU GDP per capita was 67.5% of US GDP per capita in 2010, by 2021 that had actually grown to 69.8%. Cheers!

Rubbish! You're going to tell me that policy creates an environment where there is zero opportunity? There is always opportunity...maybe not as often or as abundant...but always opportunity in almost all Western economies and most of the rest of the world. Maybe more time should be spent seeking ideas and less time fighting over political policies. Cheers!

I found most of it was really good, but it sort of lost it in the last couple of episodes, only to redeem itself towards the end. Not bad and worth watching if you like Westerns. Cheers!

Guys keep the political rhetoric off the board, otherwise your time and energy spent writing a post is just deleted and no one reads it. You want to fight over politics, go elsewhere since there are plenty of venues that suffocate themselves talking about this crap! Cheers!

I'm sure Prem would accomodate, but the AGM is really about Fairfax businesses and their philanthropy, so I would rather not. They do plenty to support the dinner that Rob is doing. Thanks for the thought, though! Cheers!

Actually, I'll add some merchandise (baseball cap and shirts) with the logo and name in the shop section, and the web address on the back. If you want to buy it and wear it to the AGM, go ahead. Maybe we'll be like the Yellow BRK'ers at the Berkshire AGM with the big yellow cowboy hat! It will also let you connect with other COBF'ers at the AGM or elsewhere. Cheers!

Anyone own a "Nothing" brand smartphone? What is your experience like with it if you do have one? Cheers! https://ca-en.nothing.tech/pages/phone-2 https://finance.yahoo.com/news/phone-startup-nothing-raises-funding-000000749.html

Hindenberg closing shop. Cheers! https://finance.yahoo.com/news/short-selling-firm-hindenburg-research-is-closing-up-shop-221608915.html

Buffett Groupie is one of the largest individual shareholders in Fairfax...he was at our first dinner as well! He was smart enough to keep adding and adding over time. Cheers!

Hilarious! I think there is a difference between Ben and Francis. When Prem passes, Ben, Christine, Stephanie and Nalini will become the largest individual shareholders of Fairfax. Ben is also a director...before they put any money into his fund...whereas this was the opposite with Francis. Lastly, it was Francis who initiated the conflict of interest reason for leaving, not Prem. I don't think it was an issue for Fairfax...it was an issue for Francis, because it was attracting unwarranted attention to Fairfax at the time the hedge funds were attacking. Francis is loyal to a fault and he felt it was better to distance himself as a VP of Fairfax and a money manager of Fairfax funds. Cheers!

Francis used to be a VP at Fairfax and sat on the investment committee. At that time, Fairfax had put some money into Francis' funds and Francis decided that it would be a conflict of interest to stay on while managing money separately for Fairfax. I think the same issue would come up if Francis sat on the board. If at some time, he no longer manages any money for Fairfax, as he is independently wealthy, maybe they will ask him to join. Regardless, he's still there as an advisor or sounding board to Prem whenever Prem needs him, and I would suspect any future board without Prem would feel the same way, especially since Prem's children are on the board now. Cheers!

Nice! Sounds like a wonderful trip! Don't give the kids too much homework! Cheers!

Francis is probably the nicest person you will ever meet. Believe it or not, he's quite shy, quiet and introverted, but opens up whenever people start talking to him about investments. He has the utmost respect for Prem and is incredibly humble...I think he would be the perfect Berkshire manager, not unlike Peter Cundill, who Buffett touted once as the type of investment manager he could see at Berkshire before hiring the two T's. Francis bought shares of Fairfax at $3 when it first started and he's never sold a single share. Cheers!

I'm guessing they are Punjabi or Sikh...they use a ton of milk to make an Indian cheese called paneer. Not uncommon to see the same thing in Costcos in Vancouver or Bellingham. They also freeze the milk and use it over time when it's priced cheaply. Cheers!

Please move the discussion around toxicity to vices to another thread...this is on what you are buying, not on whether weed or alcohol is worse! Cheers!

Blake this post by Jaygo is mostly correct. But it is based on what markets do over long periods of time. Sometimes very long periods of time...such as after 1929. The general idea by Jaygo...expect business to prosper over the long-term and stay invested in the market is correct. But like everything, even the stock market is influenced by its own form of gravity and stocks do not go up in a straight line. You cannot just pay any price for stocks and expect to outperform the general market. If you don't want to compete with the general market...buy an ETF. Having accessible funds to allocate to the market on a regular basis...be it annually or as you find ideas or after a significant correction...that helps. And lastly, avoiding permanent loss is the foundation you should build your wealth on. If something doesn't make sense or you cannot justify its valuation...move on. Find 3 foot hurdles rather than 8 foot hurdles. I would also not discount your intelligence, but suggest that regardless of what markets do, the above is timeless and works. Cheers!

+1! Cheers!

Your loss! Cheers!

https://finance.yahoo.com/news/haidar-hedge-fund-loses-33-132323872.html Cheers!

Yes. The funds going into Dakshana Foundation in India had to come from a foundation/non-profit at the source of origin...so a Canadian arm of Dakshana. Yes, it is all used in India. Dakshana Canada has minimal costs other than an audit and minor legal fees...no staff, etc. Cheers!