Parsad

I'm close to you...average cost is $522 CDN. Original purchases were around $480 CDN...but I kept buying till about $600 CDN then stopped. Cheers!

Chinese debt load: https://www.cnn.com/2023/05/29/economy/china-wuhan-local-debt-crisis-intl-hnk/index.html Cheers!

They aren't leaving the California market...they just can't take on any more risk unless premium pricing compensates them. Their reinsurance costs are probably significantly higher this year for California, so they can't afford to write any more policies without adequate premium pricing to compensate for reinsurance costs. Cheers!

Can't be that smart! Cheers!

Removed the picket fence and put up a 10-foot wall of hedges! Cheers!

Increased construction costs and wildfires are to blame. Cheers! https://www.cnn.com/2023/05/28/business/state-farm-california-insurance-wildfire/index.html

Camp 4 is the last camp before you hit the peak. So much riskier than EBC...but still...EBC is no piece of cake. Cheers!

For those that have climbed to EBC, you know how dangerous the climb is. This Vancouver physician just passed away coming down from Camp 4. 12 climbers have passed away just since April 12th! https://globalnews.ca/news/9726831/vancouver-doctor-dies-mount-everest/

New all-time high today! Let's break $1,000 CDN next week! https://finance.yahoo.com/quote/FFH.TO/?p=FFH.TO Cheers!

I'm not sure the title of the post was big enough. I've shrunk it! Cheers!

Had a feeling. He's one of the funniest people around...not just in investing! Cheers!

Completely familiar with the terminology, as I read a few TA books early when I started investing. There are two things that I think are a massive waste of time for fundamental investors who do their own research...analyst reports and TA! They are utterly useless for the most part. If you don't mind getting rich slowly, avoid those two things! Cheers!

ROTFL! That was f**king funny! Did you make that up or was that a Buffett or Munger quote? Cheers!

Fair enough! Cheers!

Took into consideration the current interest rate environment. Float cuts both ways. It's leverage that can increase exposure to catastrophe risks in a bad season...and this one seems to be shaping up to be a bad one for hurricanes/typhoons. Cheers!

+1! Cheers!

Haha! Cheers!

I don't know where some of these terms come from...value trap...woke! There's no such thing as a value trap. Markets always recognize undervalued assets over time. Money flows to those undervalued assets. If you bought something that the market never recognizes as undervalued...check the analysis. Either there is something fundamentally wrong with the growth of the business or errors in judgement in what true liquidation value is. Money will always seek out undervalued assets...it's like gravity. Cheers!

Ok, I just did my usual discount cash flow analysis of FFH, which has worked like a charm for 23 years. From my estimates, I get intrinsic value between $1,131 USD and $1,807 USD. The high end assumes FFH can do 15% ROE over the next 10 years, which has not happened over the last 10 years, so take that with a grain of salt...that would get MMM to his 2 times book valuation. $1,131 USD is the conservative valuation for intrinsic value. It should be able to achieve that with little difficulty...and would have a 1.4-1.5 times book value. Cheers!

You're partly right. They do hold some positions, but most are held for extremely short periods of time. Cheers! https://www.institutionalinvestor.com/article/b1k2fymby99nj0/Famed-Medallion-Fund-Stretches-Explanation-to-the-Limit-Professor-Claims According to The Man Who Solved the Market, Medallion’s strategy involves holding thousands of short-term positions, both long and short, at any given time. The fund makes high-frequency trades, but has also held positions for up to one or two weeks, per Zuckerman’s description. Robert Mercer, the former co–chief executive of Renaissance Technologies, allegedly told a friend that Medallion was right 50.75 percent of the time when it came to its millions of trades — adding that “you can make billions that way.”

The corn syrup is used in the center fillings...not milk or dark chocolate itself. Guittard chocolate is no different than Callebaut in how it is made and the ingredients used. Cheers!

RenTech used algorithms to find patterns that they could exploit through levered trades by the thousands and most were done in milliseconds. As you say, the average investor cannot access that type of processing or do the statistical modelling they were using. If you can...knock your socks off. But the average investor using TA is going to have less than average results. Cheers!

TA works in hindsight. It has no useful benefit in predicting what will happen next. I didn't care that Fairfax was at $400...I looked at price to book...it was at 0.55-0.6. That's all I cared about. Just like I don't use TA to predict when to sell. If FFH gets to 1.5 times book, I'm completely out. In between, I average in and average out. Simple and it works! Nothing to do with TA. Cheers!

Shaq gets served FTX papers at playoff game: https://ca.sports.yahoo.com/news/shaquille-oneal-finally-served-in-ftx-lawsuit-while-covering-celtics-heat-in-miami-214138113.html Cheers!

Please do not be offended. Phhhhhppttttttt! I couldn't find a raspberry emoji. Never used technical, don't need technical and if it serves any possible purpose at all, that would be for very short-term trading. Which I don't do. Really a waste of time and will not improve results one iota! Investors would be far better served taking any time at all spent on analyst reports and technical analysis, and just use it looking for fundamentally cheap companies to buy. And if they can't find any...they would still be better served not doing anything and just read a good book on business or investing instead. There are lots of things in life that I can see two sides to...technical analysis is not one of them! Unless you are a daytrader or speculate in extreme short-term movements of stocks, currencies, etc...it will not help at all...and I'm not sure it even helps them! Cheers!