Parsad

It's like bitching at your wife because you blew $100K at the casino and they didn't support your decision! "Well, if I won we could have bought a new house!" That's what that sounds like Cubs! Cheers!

Yup. Sorry Rick would be right there with Robbert Hartog! Cheers!

Again, you toss out these photos with no context! I don't like Netanyahu, but you keep feeding bullshit information to support your argument. Here is the actual speech he made...does it sound like he didn't want peace? Long term prosperity for Israel and the region? Normalization of relationships with Arab states? It's all coming to fruition, especially with Trump and Bibi working together. I don't like them bypassing NATO and the UN, but they are getting shit done that needed to be fixed because it just wasn't working with a nuclear Iran. Obama, Trump and Biden were on the right track, but once the IAEA inspections were denied...what do you do next after signing the Abraham Accords? Then October 7th! Cheers! https://www.gov.il/en/pages/epmungaspeech

I think there are a few reasons. In the early days (pre-2010), Fairfax's insurance business was seen as probably a bit inferior by Buffett. They were not great insurers and were really only about as good as management at the time...Fairfax was like a box of chocolates, you never knew what you would get! Ajit knew about Prem's capabilities and talent, because he spoke very highly of Prem when I first met Ajit back at my third BRK AGM in 2004. In fact, he scolded a NY suit (hedge fund/P/E guy) over some comments he made about Prem and Fairfax in front of me. I was very happy to see that happen! So it is almost guaranteed that Buffett knew who and what Fairfax was...via the industry or Ajit...but chose not to invest in FFH. BRK could definitely have acquired shares...for cheap...in 2003! Anyone could have bought as much as they wanted during the hedge fund attacks right up until 2005! By the time, things turned around, the GFC happened and then Andy was put in to oversee the insurance businesses, Fairfax changed dramatically over the last 10-15 years. But Berkshire also grew massively and as gfp said, getting a 10% stake in Fairfax would not have really moved the needle. They may have hidden the filing if they did own under 10% within their International holdings and not disclosed it. But I've never gotten any hint or indication from anyone I know, that Berkshire owned any Fairfax. Ajit might have owned some personally, but I've never heard that Berkshire or Buffett owned any. We all know that Sir John Templeton, Markel, Cundill and many others have owned lots of Fairfax over the years...but not Buffett. Now, today Fairfax is a very different company with a very high quality insurance business, excellent investments and the same capable team as always. But a 10% stake will never move the needle at Berkshire and we all know that Prem will never sell Fairfax...not even to Berkshire...so they probably still don't own any. Thus purchases like Chubb! But never say never...different views...different times...no one thought Buffett would buy nearly $70B in Apple, but he did one day. And I suspect the liquidity issue will resolve itself the bigger and more well-known Fairfax gets. More and more institutions and indices will add Fairfax over time...it's inevitable! Cheers!

Yup...it's a team effort at Fairfax. Always has been. Cheers!

I know Ajit Jain has enormous respect for Prem as a friend and peer as well. I've spoken to Ajit on three separate occasions...none of them were about Berkshire...they were always about Prem and Fairfax! Side note: Ajit is one special guy himself! He would have been an automatic fit to run Berkshire and the absolute perfect heir to Buffett! Not a slight to Abel...Ajit is just better at everything. Buffett and Ajit would be like Michael Jordan and Kobe Bryant...one is the other's identical shadow. Abel would be Shaq...terrific winner and leader...can't throw free throws! Cheers!

Nice recovery! How can you not get lucky after that! Cheers!

That's baloney...same conspiracy crap that the MAGA nutjobs keep throwing out. Iran chose not to let IAEA inspectors in. They were very clear about that in their report. That a number of requests were denied. After everything that the regime did, THEY have to earn trust...and they turned away the required inspections. If you are a dangerous offender, you cannot violate your parole requirements. Otherwise you go back into the penalty box. That's what happened to Iran. Cheers!

Yup! Not sure that movie could get made today...and it was made less than 20 years ago! Cheers!

Yup! NATO's principles are "cowardly moochers who don't get anything done!" U.S. principles are "we don't need you, we'll do what we want and finish the job!" Cheers!

That was after they had denied IAEA inspectors access. Why? That was part of the original agreement. Inspections whenever they are requested.

Yeah, you keep saying this but they weren't. They denied IAEA inspectors access. They had no interest in giving up the enriched uranium. It's fact and documented! I'm surrounded by fools! One guy keeps saying the current Iranian regime is as innocent as a newborn baby, and another is constantly screaming that a poster on here is Hitler incarnate! I feel like this guy: Cheers!

Half you guys already did that earlier when Trump was threatening Greenland and Canada. I just argued with you all on here like anything else.

Reds, that's his prerogative to say what he supports...just like someone living in Saudi Arabia might defend their government's behavior...or a U.S. citizen may defend their government's behavior. You believe your moral compass is the correct one, which isn't the case from the perspective of many others. The President of the United States said he was going to send Iran back to the Stone Age...the end of a civilization! How is that any different? My point to you is feel free to debate him, but not debase him! Can you do that? If not, you should not be on here...and vice-versa for Ourkid8. Cheers!

With the dawn of AI, are we going to see an extreme form of neo-luddism? Terrorist attacks, cyber attacks, etc on AI companies, installations, CEO's. Could we see some widespread rebellion against AI in a physical manifestation through domestic terrorism, etc? Unlike the internet, this seems like a hill some will be willing to die on. Cheers! https://www.cnn.com/2026/04/17/tech/anti-ai-attack-sam-altman

Did not know that. Thanks! Cheers!

Iran blocking the Strait and then Trump putting in the reciprocal blockade: Cheers!

You've been wrong so far. I would not gloat over things you've gotten wrong! Cheers!

Yeah, you need to stop this! Cheers!

Ourkid8 has not made any comments like "Death to Israel", so I'm not sure if you are accusing him or what, Reds? If you have no such evidence, lay off and just debate topics. He's already been warned about any sort of use of the word Zionist. You also need to be careful what type of comments you are throwing around. Cheers!

It's actually kind of hilarious! I don't know if it was a Freudian slip or what...but to tweet out "Strait of Iran is now open"! He's going to fire whoever posted the tweet! Cheers!

It was Robbert Hartog for the longest time and the most comparable to a Munger. He was one of Prem's earliest investors, a mentor, superb businessman in his own right, and Prem really looked up to him as a friend and consigliere. Fairfax's decision making is ultimately Prem's, but unlike Berkshire, they've had a committee for a long-time that rips every idea to shreds before they pour money into it. So all of the above played a role, including Paul Rivett for many years, Brian, Roger Lace, Tony Hamblin, now Wade and Lawrence...Francis remains an extremely close friend of Prem's and the company...amongst others. I think Prem has enormous respect for David Johnson and a number of other directors...both those current and in the past. But outside of Robbert, I don't think he's had that exact Charlie Munger type of personality sitting next to him. Prem has such enormous belief and faith, both personally and spiritually, that he just pulls himself through whatever faces him. He's one tough hombre! Cheers!

I would imagine Nalini would disagree with that! Unlike Buffett, Prem bet the farm on Markel (Northbridge) when he bought it...including their home. Only the most supportive spouse in the world would do that to buy an insurance company that another insurance company was getting rid of! Ben and Christine were already born, and now your husband wants to not only bet the house, all your savings...but borrow as well...to buy a trucking insurance business! She made more money for Prem and Fairfax shareholders than anyone else by cosigning the loan! Cheers!

Used to have to do that for years at the BRK AGM. So many new books each year. Now Fairfax is piling up the books and merchandise...you guys are going to have to work your biceps every year! Better get back to the gym! Cheers!

No worries! I saw the other link Hoodlum put up. Cheers!