Parsad

Greg Popovich...arguably the greatest coach in sports history. A leader builds leaders. Look at who has come out of San Antonio as a player, assistant, GM or coach...rings, rings, rings...wins, wins, wins...class all the way. No egos, no assholes...just winners. Cheers!

I don't see it going back to $750 for the next 4-5 years unless something catastrophic happens. Not sure what Brett Horn is smoking still! Cheers!

I think I'll get to invest that capital in the next 12 months as RE and CRE get hit. One third of restaurants are losing money in North America...that's a lot of commercial real estate that's going to be looking for new tenants. WeWork is filing for bankruptcy...anchor tenants at malls are dropping like flies...offices aren't returning to normal nearly as quickly as many hoped...I think CRE loans, equity are going to look pretty interesting. In the meantime, the stuff I own is just killing it and growing. Did add some JPM and VOO to my corporate account. Had averaged down on M in non-taxable accounts as it fell...so break even already...anything higher is accretive. FFH is just killing it! META and GOOGL continue humming along. Cheers! Cheers!

Yeah, fantastic results. Increased rates had little effect on their bond portfolio...why I was more conservative on BV. They killed it again! CR was exactly where I thought it would be. They've lengthened out the bond portfolio...steady income and matching liabilities for years to come. Prem and the team are at the top of their game! On it's way to being a $2,000 CDN stock in less than three years! Just if they keep generating the interest income they're getting and breakeven on CR's. Forget about any investment gains. Cheers!

In terms of the "top or bottom"...I think the worst of it is over in terms of interest rate hikes. While stocks aren't cheap overall, they aren't expensive as earnings year over year are growing well. This has been one strange economy...strong jobs market and salaries; tight savings and budgets; strong earnings and growth; increased credit losses and writedowns on balance sheets...bizarre! I think there may be some downside still relative to the risk free rate...but if rate hikes stop next year and/or decrease a bit, markets will rally until the next crisis. Banks should also rally next year...earnings remain powerful, bond losses have slowed/stopped, prices are close to tangible book, balance sheets are still strong. Maybe some headwinds from RE and CRE, but the balance sheets and earnings will eat up those losses. Still holding cash paying a risk free rate of 4.75-5.00%, but comfortable with my stock holdings too! Cheers!

I travelled all over the UK last month and I have to say what I see in North America...I didn't run into it anywhere to such a degree. Yes, there were pockets of poverty, homelessness, pan handling, etc. But nothing like in big cities here. Vancouver is an embarrassment to what I saw overseas! Cheers!

What was his total compensation during those 10 years? Cheers!

+1! I think Viking's got it pretty fine-tuned now. I think CR will come in modestly higher around 94.9 or so. BV will be around $855-860 USD. Cheers!

https://finance.yahoo.com/news/blackberry-ceo-john-chen-exit-202700310.html Cheers!

60 Minutes had a terrific story on the threats from China...unprecedented attempts to steal data, intellectual property, technology, etc. The Five Eyes actually opened up to bring awareness to what is happening. Cheers! https://www.cbsnews.com/video/60minutes-2023-10-22/

The only reason the death spiral didn't continue at Fairfax was because Markel, Cundill and Southeastern lent them $300M. No amount of bargain hunting would have stopped Fairfax from failing if it wasn't for that capital injection. Same with OSTK...Fairfax stepped in. In Fairfax's case, the negative press and analyst reports were making it difficult to find bank or debtor financing. The only option would have been to try and issue massive amounts of stock to raise working capital. Whether you like to believe it or not...it happened. We figured out who the players were before even Prem and Patrick did...but we didn't understand fail to delivers. That's the whole reason why Prem started following the old message board. I specifically called Trevor Ambridge who was handling investor relations for Fairfax at the time, and told him that someone was manipulating their stock after a bunch of us started putting the pieces together. We knew Platinum Asset Management was involved. We knew that Hempton was involved. We knew that John Gwynn at Morgan Keegan was involved. We just didn't know how deep it went to Exis, Loeb, Cohen, etc. And if it wasn't for that capital injection, they would have taken Fairfax down. Cheers!

I forgot "24"...yeah terrific show! Cheers!

Yeah, this is completely incorrect. If you tell me your company has 2,000,000 shares outstanding, yet there is 5,000,000 shares trading, there is something pretty wrong there. The DTC requires that shares are delivered to the recipient in T+3 days...there were times when OSTK's and FFH's shares had not been delivered in months...millions and millions of shares. With millions of artificial shares floating around, you could easily drive a company's stock price into the ground. Even if the company has substantial cash on hand, they would not be able to buy back enough stock to keep it afloat without hindering working capital...unless the shares traded well below tangible cash and it was accretive...by that time, the company is into a death spiral because other investors start bailing. Cheers!

80's - Miami Vice, Cosby Show (), Cheers 90's - ER, Seinfeld, Frasier 00's - Sopranos, The Office 10's - Game of Thrones, The Walking Dead (first 5 seasons) 20's - House of the Dragon, Yellowstone Cheers!

Prem and Patrick Byrne never complained about short-selling. They only complained about naked short-selling and coordinated attacks through certain analysts, media and hedge funds, who specifically created downward spiral attacks because they artificially increased the number of shares available as the DTC wasn't properly enforcing fail to delivers. I don't think any critic ever had an issue with short-selling itself...which is part of creating an efficient market. Cheers!

Hi Guys, Yeah sorry, I won't be able to meet. Cheers!

Weather wasn't very good, but the cruise was wonderful. Last day today...Paris port in Le Havre cancelled because of a general strike (what else is new)! Favorite city so far...Edinburgh...could easily live there! Then Cork...great little city...was added last minute as a replacement for Paris. What a gem! Dublin was very nice...big, modern city. Left Belfast a wee bit sad...still the tensions exist...city feels like it is still struggling to escape that legacy. Will spend the next six days in London. Unfortunately, my schedule is in a state of flux for the 17th, as I have family coming in to the city for a couple of days to see us from Essex. Might not be able to meet. Cheers!

Yeah, sorry! Should have said "9 zero" club or "3 comma" club. Cheers!

We talk a lot about Berkshire and Fairfax, but Wintaai is just killing it! I spoke to Francis today, and all I can say is that Wintaai investors are going to be happy over the next couple of years! Many years ago before the two T's, Buffett & Munger said the type of investment manager they would like to hire was someone like Peter Cundill...a Canadian/British legend. In my opinion, Francis is very much like Peter Cundill. It won't be long before Francis joins the 9 commas club! Couldn't happen to a nicer person! Cheers!

7-10 years from now. Cheers!

Marlin was pretty much like that in real life too! He posted more when they had their AOL BRK Board...long, long time ago in a galaxy far away! Andy is one of the nicest people you will ever meet. Cheers!

Happy to sell you all my FFH at $3,300 CDN per share today if you want! Cheers!

This is no different than other countries. There are terrorist groups in the United States and India, both domestic and foreign. The United States is inundated with Mexican drug cartels, their money, influence and carnage. India has a diaspora of terrorist groups from Tamil, Khalistani, Pakistani, etc living in India. Canada doesn't allow terrorists here anymore than any other country. They come in under normal immigration/refugee rules like everyone else in this country and every other country. Many circumvent the system using forged documents, etc and then send money back to their country to support their activities. If you think it is any different in any other country, then explain how 9/11 happened? Cheers!

https://finance.yahoo.com/news/costco-says-1-ounce-gold-224912291.html Cheers!

Well, that's the last we've probably heard of him! Yikes! Cheers! https://finance.yahoo.com/news/evergrande-suspends-trading-hong-kong-010311150.html