Parsad

+1! Kudos. Cheers!

+1! Yup, absolutely. Market risk is not something she needs at 92. A portion in an annuity locking in that income, the rest in redeemable GIC's laddered is probably the best solution. Cheers!

Congratulations to Prem! Truly well deserved. Cheers!

+1! I think they've added tremendous value to their investment return on the bond side...Brian has definitely added significant alpha. On the equities side, I think they would have done fine as well if they had stayed away from the short positions, etc. But because of those macro bets, just buying the S&P 500 would have given the same return or better on the equity side. With Wade leading the way on the equity side going forward, I think you'll start to see better returns. But we may not do as well on the fixed income side when Brian is gone. Regardless, with the leverage Fairfax uses in float and debt, they don't need homeruns...just doubles and triples...to hit that 15% ROE. Cheers!

https://finance.yahoo.com/news/chinese-city-zhengzhou-tells-state-055850040.html Cheers!

Prem told me that they will be putting "Doing Good By Doing Well" on the website at some point. Look forward to reading it! Cheers!

+1! Cheers!

Chinese accounting books are about as fair and accurate: https://www.yahoo.com/news/chinese-runner-win-invites-suspicion-115741551.html Hilarious! They're waving him forward because he was still so slow compared to them running at half speed. Cheers!

If you go solely by that list, then the U.S. and many countries around the world have been involved in genocide over the last two centuries. Cheers!

It's the same thing in Israel-Gaza...it isn't genocide, otherwise they would kill off every Palestinian they came across or put them in camps. These are war crimes. You guys are calling it genocide in Gaza. Cheers!

How can you exclude Iran and its proxies? It's like saying, well tell me all of the politicians who are against abortion except Trump and his proxies. There are only four Arab countries that recognize Israel's sovereignty. The rest will not recognize Israel unless they recognize Palestine. And almost none of them will condemn Hamas' actions. Cheers!

I'm pro-Palestinian as well. I'm also pro-Israeli. I'm for a two-nation state solution, but not one with Hamas at the table. Cheers!

No, he was referring to a booklet called "Doing Good By Doing Well" that they handed out at the AGM which discusses all of the various donations and organizations they've given to. Unfortunately it's not on the website, but I would love if they put it on there! Cheers!

What's the difference when they have the same agenda?! Who funds Hamas? Who funds Hezbollah? Who funds ISIS? If you're naive enough to think that most Arab countries want good relations with Israel, then who the heck is funding these terrorist groups? Cheers!

You had a born-again Christian, hard-core right wing leader as President of the United States after 9/11! People forget, but Dubya had people on his committee that were as "fundamentalist" as Netanyahu and his committee. Remember the "axis of evil" speech! Even Trump isn't like that...he really has no allegiance to anyone or anything except money and his name. There were war crimes in Afghanistan, Pakistan and Iraq. Yet only a handful of prosecutions by the U.S. government of their own soldiers. Remember Abu Gharib...Blackwater...this occurs in every war. Lastly, you have it backwards in the Middle East. Arab countries want Israel eliminated and they have real designs on doing so. Thus you have Netanyahu in power again...and I agree he should be in prison! But like Dubya, he was on duty when the terrorist strike occurred. How he's handling it...I don't like it, but Israel has every right to defend themselves and go after Hamas. Cheers!

A separate Politics board didn't work. Deleting threads doesn't work. Whether we like it or not, politics is intertwined with what happens in the global economic landscape. It is inescapable! I would rather isolate it to a couple of threads, then have it run rampant on all threads. Cheers!

Sorry, force of habit! Cheers!

This is effed up! If anything, Israel is the rape victim in an area surrounded by Arab states that want nothing but to wipe them off the face of the earth. And I'm not blaming the citizens of those Arab states except that they've put those irrational and destructive fundamentalists in power! Cheers!

3,4,5 I agree on...but 1,2 (nope)...Over 70,000 Afghani and Pakistani citizens were killed after 9/11...numbers estimated at close to 300K Iraqi civilians died after 9/11! The word genocide never came up after 9/11...it was the U.S. hunting down Al Qaida and no one really had a problem with it and most Americans and international allies supported it. Cheers!

You guys are putting out instances of irrational violence...just like all cops aren't choking out black people...this is not the entirety of what happens! How much are you paying attention to?!! I don't agree with everything Netanyahu is doing...but at the same time, Israeli's have the right to go after those that attack their citizens on home soil. Nobody was saying anything about the same thing when 9/11 happened. I was one of the few people saying that they should never have gone into Iraq because there was no proof of weapons of mass destruction, but Al Qaida was doing the same thing as Hamas. Thus, the U.S. had to go into Afghanistan and tear it apart to destroy Al Qaida. 80 years now that Israel is constantly attacked based on decisions not made by them but the United Nations Council! Can you imagine if Canada or the U.S. was constantly under attack? Cheers!

Iran just launched ballistic missiles at Israel!! Cheers!

Hamas is using civilian and government sites as strategic locations to hide and organize. This is not a fair war being fought in the open...but they are using civilians as human shields. How do you deal with a terrorist group/foe that is hiding underneath hospitals and temples? I'm for all the humanitarian aid that can be provided to civilians but at the same time you are dealing with a group ransacking the aid and selling it to fund their terrorist activities. This is not a conventional war. Either you suffer the consequences of civilian casualties to remove Hamas or you give in to them and allow them to organize another terrorist attack on Israeli civilians and continue repressing their own people. I'm not sure why those attacking Israel cannot understand that Hamas is not your friendly neighbourhood rebel! They should be compared to Rwandan death squads that recruit children and rape women, or Al Qaida after the 9/11 attack. Cheers!

The small protest every year against Prem is fine...he's CEO...there is always going to be a small group of disgruntled shareholders. Buffett even usually gets the most against him too. But it's almost a 50/50 split on subordinate voting for Bill...I've never seen that before! Cheers!

Fairfax Financial Holdings Limited: Result of Voting for Directors at Annual Shareholders’ Meeting - Fairfax Financial What's with the big protest vote against Bill Weldon? Is it something to do with his time at J&J? Cheers!

Not bad for a no moat company! Cheers!