Parsad

Very true! Until you get hit with a $250K medical bill because you didn't buy travel insurance or you get diagnosed with ALS and need care for the rest of your remaining life. Cheers!

If I understand the deal correctly, it's a total obligation of $4B ($2.3B current loans being bought for $2B, with future loan funding of up to $1.7B). The $2.3B effectively works out to 10% because of the 8.6% yield and discount of the purchase price. Will the future $1.7B be at 8.6% as well? If so, that's recurring income for the next two years of up to around $400M each year depending on when they loan the $1.7B, plus the loans are secured and there is a ton of current equity. Win-win-win for FFH! Cheers!

+1! Cheers!

+1! Also, even if they don't lie, they don't necessarily tell you the whole story. Frolich blew up several times before he hit that one year record. Great for him, but the biggest thing about him was that he was able to recover mentally and try again. 99.99999% of people would not be able to replicate what he did, nor hold the mental strength to start all over again after losing everything...over and over. Cheers!

I don't really care one way or the other, as I'm sure it will be an entertaining movie. But they did take a ton of artistic license with the company based on what many people have said that were there during that era. Cheers!

+1! I would imagine that's why most people think $7M is rich now. But $7M for a spendthrift is probably still poor. Once you can cover your living expenses, have manageable debt and that capital will continue to grow...you're wealthy. And if you have significantly more...you're rich. Cheers!

Apologies Greg! I thought you were talking about the kid. Cheers!

This might get a debate going! These lists never end in agreement. Cheers! https://www.vulture.com/article/all-218-u2-songs-ranked-from-worst-to-best.html

Yup! They are all going to courses, because it is recurring income, scalable, with zero work after you write it. Why do original podcasts weekly, or actually run a fund...take two years worth of results and call yourself an expert. There's like hundreds of them on Youtube...showing off their trades, houses, cars, etc and then write a course and keep raking in daily sales to suckers! The smart ones are creating entire curriculums with multiple courses. Nothing new...the Stephen Covey's and Tony Robbin's have been doing this for decades regarding self-help...why not business or just about any other subject! Cheers!

Wait a sec! Mohnish might have poor results, but they are audited and available for everyone to scrutinize...and his ideas are available to scrutinize like Fiat which if you kept the Ferrari shares would have been a 20 bagger. Mohnish has a few of those over 25 years. But it's there...out in the open. This guy pops up on a Yahoo article, no account statements for proof, and he's selling courses. Really, you're going to use Mohnish as the discredited one and this guy as most likely legitimate? Greg, you are a whole hell of a lot smarter than that...and normally you dig in deeper when scrutinizing something. I read that article last week, and then went and read a couple of other articles on the kid. He did turn small amounts into a significant amount early on, including trading meme stocks, but the $8M number is not audited and is reportedly gains he's show on account statements. Not net gains...gross gains. He did not show his gross losses. That's why I didn't post it. Cheers!

Yup! He's probably making more in net profits/gains by selling courses and scaling that business up. Cheers!

He's shown total gains, but not his actual account value. He could have $8M in gains and $8M in losses recorded. Cheers!

These ads keep popping up for me...I am neither looking for an e-bike, nor a scooter! And I'm not a Boomer! That being said, that two-seater off-road scooter looks pretty damn good. It would be easy to pick up chicks at the senior's home! Cheers!

Wasn't me! I voted in favor of the idea...but see my response above. Cheers!

Instead of Twitter, would you guys be open to Zoom? We have a "Zoom Room" that I've been paying for since we revamped the site, but I never could figure out what to use it for! We can have up to 300 boardmembers/guests attend at any time. Starting this year, we could hold a "Zoompalooza" for a handful of major companies during/after their AGM. Quarterly would be a bit onerous, but we could certainly do annually for say 10 of the companies most desired...BRK, FFH would obviously be two of them. I think JOE seems to be a pretty popular topic these days. We could have a poll to decide on the ten companies each year. One expert/shareholder from the COBF on that company/topic could be the moderator along with a couple of guests, and we could take virtual questions through Zoom. Cheers!

Atlantic hurricanes hitting Florida and Gulfcoast hurricanes hitting Louisiana/Texas/etc have done the most damage. Last few years, wildfires and ice storms/snow have created significant losses as well. Cheers!

Pacific hurricanes are expected to be higher. https://www.noaa.gov/news-release/noaa-predicts-near-or-above-normal-2023-central-pacific-hurricane-season I expect a very busy wildfire season as well...take a look at the massive fire near Halifax...some 60+ fires burning near Calgary...and BC is already seeing a large number of wildfires this season. Cheers!

For the 15 years before the pandemic, Vancouver core CRE vacancy rate was below 1%...today it is over 10%! Toronto's core CRE vacancy rate is about 18% compared to 4.2% in 2019! Canada's overall core CRE vacancy rate was just over 10% pre-pandemic...today it is nearly 20%. Hybrid work is alive and well in Canada and most parts of the U.S...which is going to spell trouble for some CRE owners/investors. Absorption of the excess capacity is going to take a decade, including some of it being repurposed to residential or other uses. Cheers!

No, I think it's happening virtually in all large cities in North America. Workers not returning to offices, failing restaurants/retailers, excess capacity...all having an impact. Cheers!

CRE write downs. Cheers!

Horn may actually have to put in a few more quarters of studying Fairfax for his own personal growth progression as a CFA. Cheers!

I've had a tour of BIAL. It is a beautiful airport. Vancouver's YVR airport is very well ranked for how welcoming and beautiful it is. BIAL is much nicer and as functional. I haven't been there, but based on photographs and videos, it is probably closer to Singapore's Changi Airport than any conventional airport. What's even better about the BIAL deal is that passenger volumes are on a crazy trajectory over the next 20 years and Fairfax has about 400 acres of development property around BIAL that it can develop. With more and more companies moving their business to India from China, that bodes well for BIAL and India in general. Cheers!

+1! Cheers!

It's why I couldn't give two shits about what any analyst says. At the same time, investors shouldn't fall in love with any stock and ignore valuation. Cheers!

Oh sorry! Yeah, you're definitely correct. And I would imagine home insurance premiums would have to rise significantly in California over the next year since that's a lot of capacity that suddenly won't be there. Consumers still getting squeezed! Cheers!