Parsad

WTMI...Way Too Much Information! Thinking like this would drive me crazy and I would never invest a dime in the markets. No one...I repeat no one...needs to dissect fiscal and monetary policy like this to make a decent return in the stock market or fixed income instruments. Change enjoys this stuff! So if you enjoy it...more power to you. But for the average investor on here...this is all irrelevant. Buy cheap, sell dear, ignore the noise! Cheers!

It's very easy to say it was easy in hindsight. Brian's record is one of the few consistent things about Fairfax over the last 35+ years. Less than 1% of fixed income money managers have a record like Brian's...both long-term and short-term performance. The so-called best minds in fixed income investing have come and gone, but Brian continues to fly under the radar his entire career and keeps getting it right! Extraordinary! Cheers!

https://finance.yahoo.com/news/wild-theory-price-bitcoin-being-110000608.html Wild theory or reality?! Cheers!

Funny thing is that when I was sitting on the beach sucking back a mai tai watching the whales pop up once in a while, what Powell did was completely irrelevant to me...emotionally, financially and physically. We pay WAY to much attention to the noise! Just do what you do and keep doing it. In the meantime, suck back on a delicious mai tai! Cheers!

Change, while we share the same sentiment about pain in the economy, I'm still going to buy stuff when it's cheap and ignore macro. It's what I've always done, and what I recommend for investors. My macro views are more to warn people about maintaining a strong balance sheet and living at/below your means, than avoiding the market. And to always keep some dry powder ready! Cheers!

I agree. Although, I think the "next" one is going to be the fallout from inflation...impact of higher interest rates. This truck ain't stopping...it's slowing, but not stopping. There is going to be pain as it continues to hit consumers, especially indebted consumers. People are spending...to Maui, on the plane, in Maui, on the way back. I saw people spending boatloads on gifts, hotels, restaurants, rentals, you name it. Well heeled and those that have strong balance sheets will come out ok, but the average consumer who is indebted, and in many cases still spending, I don't see a good outcome. Indebted nations too! Time to start paying the piper for loose monetary policy for a decade and a half! Cheers!

That's a nice pool Greg! Congratulations! Cheers!

Burry has also missed the 30-40% rally in many tech, finance, retail and restaurant stocks. When I started this thread, no one could imagine we hit bottom. Not THE bottom, but a bottom. You buy when cheap, sell when dear. Average down on good businesses as they get cheaper and average out as they go up in value to right size the position. Wash and repeat! These simple truths work! No one wanted to own FFH, META, TSLA, OSTK, SHOP, GOOGL, etc. Now everyone is clamoring to buy. I've right sized the positions and am in 30%+ cash again. Worrying about all of these macro issues is a fool's game! Be aware, but also take advantage of opportunity. When a sector collapses 80%, that's generally close to bottom! Cheers!

The whole family had perhaps the greatest knack for the net anyone has ever seen. Bobby, Dennis and Brett were all pure goal scorers. Never had the privilege of meeting Bobby or Brett, but I spoke for a while with Dennis. Really a terrific, friendly guy! Bobby is still loved dearly in Chicago and Winnipeg! Cheers!

I ain't tipping 25% unless it's exceptional service or they really made the dinner special with their service, attitude or comments. If it's pickup/fast food, I'll tip 10%. Any other restaurant, 15% remains my number for all tips...great service 20-25%, bad service 10%. What I hate is when the credit card machine is automatically set on 20% or higher...then I have to fiddle with it and get it down to 15%. In fact, I don't think I've seen a machine that isn't set on at least 18% these days. Cheers!

Hi Ulti, I'm exactly the same way. I worked in the grocery business too in my late teens/early 20's. 100% I calculate or check the unit price. In fact, shrinkflation has been going in Canada well before actual inflation appeared. I remember seeing jars and containers decreasing in volume from at least 2019. Cheers!

Viking, there is only one thing more amazing than Fairfax and their management. You! And the other great posters on FFH. But clearly...YOU are the one that continues to provide exceptional detail day after day. Are you going to the AGM this year? Cheers!

Been listening to this in between football games all weekend! If you like alternative rock, you are going to love this album. The first great album of 2023! Shimmering guitars, great vocals, melancholy and spirited at the same time. Just wonderful! Cheers! "Derealised" by Jadu Heart https://floodmagazine.com/124543/jadu-heart-derealised/

I still think The Exorcist is the scariest movie I've ever seen. The character build-up, the sounds, sights, horror, score...still terrifying 40 years later! Cheers!

https://finance.yahoo.com/news/crypto-lender-gemini-just-filed-162115354.html In a week when another large crypto exchange goes under, BTC prices rise...hmmm! Cheers!

Highly unlikely it's Fairfax, unless they plan on using the funds to buy back part of their other insurance businesses that aren't wholly-owned or they are acquiring another insurance business. When Prem mentioned that $1000 price per share, he wasn't being facetious. He thinks it's reasonable, and it certainly seems like from the insurance business and higher interest income alone, they would be on pace to hit that in the next year or two. The swaps would be worth considerably more...so unless there is a better alternative, they aren't selling them yet. Cheers!

The only one that would matter at all is if it was Prem selling. Other than that...who really cares which fund was selling. I didn't worry which one was buying when I bought (because most weren't buying), and I don't care which one was/is selling when they sell. Cheers!

Probably some fund selling a stake after qualifying for the ex-dividend date and the recent run up. Cheers!

You cannot invest in Wintaai. Francis invited a few close friends and family to join him in the beginning, but at present he has no plans on raising more money or opening it up. Although he may consider it one day. For the most part, it is a Chou family vehicle...and one hell of a vehicle at that! Cheers!

Actually with Crosby...the surprising thing is that we didn't say RIP decades ago! A lot of health challenges. Cheers!

https://www.cnn.com/2023/01/20/business/china-evergrande-hui-ka-yan-hnk-intl/index.html At some point, the bank of China is not going to be able to continue acting as the shock absorber for these bad debts. Meaning...eventually they are going to have to go through their own Lehman/AIG moment! Cheers!

https://finance.yahoo.com/news/bank-america-says-cbdcs-future-121752086.html Cheers!

It's a joke...damn funny...and horribly sad at the same time! Cheers! https://www.yahoo.com/news/astronaut-scott-kelly-delivers-world-035323930.html

Interesting story on how Miami wanted to be the crypto center of the World! Cheers! https://www.cnn.com/2023/01/15/opinions/crypto-miami-sam-bankman-fried-cline-ctrp/index.html

Peter was Fairfax's chief risk officer for many years. Nothing gets bought or done without Peter's input. Any insurance deal...Peter signs off. Any large investment...Peter signs off. Now as President, he is directly involved with all day to day operations. He's as knowledgeable as anyone about Fairfax's operations. Cheers!