Parsad

NormR wrote an article about Francis 2012 Letter in his Strategy Lab column for the Globe & Mail. Cheers! http://www.theglobeandmail.com/globe-investor/investment-ideas/strategy-lab/value-investing/jolt-from-the-blue-francis-chous-candid-letter-to-fund-investors/article10821482/

We learned our lesson when we were with MSN. Never rely on a 3rd party! Over time the site will be updated, but we will keep it completely independent, so that we archive our own data. We're very happy with Paul Clerc at Watermelon Webworks. Little downtime, if ever, and the speed is good. Paul and his team will help us update the site over time. But it does exactly what it is meant to do, and like you all said...if it ain't broke! Cheers!

Yes, it won't affect a great number of people, but it kind of completely obliterates what a free-market capitalist society is fundamentally based on. I don't know about Romney, but I do know that Eric is the one who absorbed all of the risk. He could have very well lost everything...he accepted the risk, and then he received the reward. Now Eric's IRA should be taxed if he passes it on to his children, but I don't understand how it could be taxed in his hands or his spouse's. I would much rather they increase the estate tax on assets outside of the principal residence, rather than tax someone's IRA or other retirement account. Silly rule and very disappointing! Cheers!

Ok FFHWatcher...you win! I'll email you and the person with the room right now, so that you can coordinate and change the room name. Congratulations...you saved about $60-80 and the money goes to a good cause! Cheers!

Hey, I'm a liberal-socialist from Canada, but I think this is poorly implemented...I would expect a massive outcry, but the problem is that there probably aren't enough accounts over $3M to get the right response. It's not annual income where your tax level could be adjusted regularly, and you expect the fluctuations. These accounts were created for a specific reason, where investor's could plan their retirement savings over the next 10, 20, 30 plus years, and suddenly they become taxable above $3M. I don't think this is fair, and the amount seems quite arbitrary and unconstitutional. Why don't they cap divorce settlements at $3M then? Cheers!

Very difficult to predict. But I suspect we've bottomed, as there is a real transition happening where industrial energy use is changing to natural gas. There are enough projects, ideas, etc happening, where you are starting to get some equilibrium between supply and demand at a higher, more natural level. Too much supply for gas to go back up to $7-8 right now, but not enough where $5-5.50 is quite realistic. Cheers!

I think if you look at their comments...they agree on many things, but their views differ on other issues as well. Francis has been very bullish over the last three years, whereas Fairfax has been incredibly bearish. Francis is concerned about short-term deflation and long-term inflation, whereas Fairfax has taken a hedge to protect themselves from longer-term deflation. Fairfax is leveraged, whereas Francis is not. So I think perspective matters in their comments. Also, I think what you have to do is take their comments, anyone's comments, with a grain of salt. This is all art, not science as things unfold. The territory is uncharted since 1929, and not really particularly well-documented when you look at the sheer scope of The Depression and Japan's Deflation Era. You would think that a clear answer would be present when examining both issues, but there is no clear answer and never has there been consensus on what to do. It's far easier to predict the weather, than the state of global financial circumstances presently. Cheers!

By the way, the deadline for the auction is 12PM PST Friday. So if you want to bid for the room...better get it in. Cheers!

For those booked or booking at the Fairmont, you can probably save a few more dollars by using the promo block code for Corner Market Capital...there may be some rooms left under the block. The code is "CORN0413". Cheers!

FFhWatcher came up with a great idea...auction off the hotel room. He bid $100, and then Indirectinvestor called me and bid $125. You can bid directly here. Cheers!

I think the son's of bitches killed it! That sucks. Cheers!

One of the board members cannot attend the AGM next week, but has a non-refundable room reserved at the Fairmont Royal York for Wednesday, April 10th. He does not want anything for it, but I would suggest a nominal fee to him, or a nominal donation to the CCFC at the dinner. If you want the room, please contact me and I will get you in touch with him. Cheers!

He must REALLY be a dick, if his ex is that crazy. ;D Cheers!

This is last call for tickets for our "Fairfax Financial Shareholder's Dinner". If you are attending, tickets need to be purchased before midnight April 5th! I will not be accepting the purchase of dinner tickets at the door, as I have to give a final number a few days earlier. You will still be able to buy the $75 "Just Presentation" tickets at the door. Cheers! Details, including the menu and speakers, are below: Fairfax Financial 8th Annual Shareholder's Dinner Fairmont Royal York Ballroom - Convention Level 6:30pm-11:00pm Host: Sanjeev Parsad, Founder of "Corner of Berkshire & Fairfax" website & Corner Market Capital 6:30pm - Meet & Greet 6:45pm - Dinner 7:00pm - Dr. Kevin Glasgow, CEO of the Crohn's & Colitis Foundation of Canada 7:30pm - David Polonitza & Andrew Berger - AB Value Management LLC 8:00pm - Ben Raybould - Arlington Value Capital LLC 8:45pm - Presentation Guests (from you know where!) We will of course have our usual raffle and silent auction. A wonderful dinner is on the menu, and a cash bar will be open again. Tickets are $150 (including dinner), or $75 (no dinner, water & beverages will be available). Get your tickets soon, as we are going to be running low. Just go to the "Corner of Berkshire & Fairfax" homepage (www.cornerofberkshireandfairfax.ca), and click on the ticket purchase box on the right hand side. All profits from ticket sales, auctions, and raffle will be donated to the "Crohn's & Colitis Foundation of Canada", in memory of Prem Watsa's executive assistant, JoAnn Butler. BUFFET MENU COLD Baby Spinach Salad with Roasted Butternut Squash, Dried Apples, Toasted Pecans and St. Lawrence Market Mustard Vinaigrette Red Cabbage Chiffonade with Golden Raisins, Mandarin Orange Segments, Fresh Chive Batons and Dill-Yogurt Dressing Tri-Coloured Penne Salad with a Julienne of Prosciutto, Grilled Asparagus, Peas, Shaved Parmesan and a White Wine-Tarragon Vinaigrette Fire-Roasted Vegetable Salad with Zucchini, Tomatoes, Eggplant, Green and Yellow Peppers, Chipotle Tomato Vinaigrette with Oregano ENTRÉES Niagara Pear Glazed Chicken Breast with Pimento Potato Purée and Black Currant Jus Citrus Crusted Medallion of Atlantic Salmon with Saffron Risotto and Lemon Balm Cream Sauce Cumin Roasted Pork Loin with Savoy Cabbage and New Potato Ragout Vegetarian Wild Mushroom Cannelloni Baked in Tomato Sauce and Finished with Five Cheese Gratin Brown Rice Pilaf, Fresh Herbs & caramelized Onions DESSERTS Pastry Chef’s Selection of House Make Desserts including: Assortment of French Pastries Lemon Cranberry Cheese Cake Chocolate Flourless Cake Maple Mousse Chocolate Coffee Cups Canadian Sugar Tarts Guava and Mango Shots Fresh Fruit Display Fresh Brewed 100% Columbian Rainforest Alliance Coffee, Decaffeinated Coffee, Fairmont Blended Black, Green and Herbal Teas

This is last call for tickets for our "Fairfax Financial Shareholder's Dinner". If you are attending, tickets need to be purchased before midnight April 5th! I will not be accepting the purchase of dinner tickets at the door, as I have to give a final number a few days earlier. You will still be able to buy the $75 "Just Presentation" tickets at the door. Cheers! Details, including the menu and speakers, are below: Fairfax Financial 8th Annual Shareholder's Dinner Fairmont Royal York Ballroom - Convention Level 6:30pm-11:00pm Host: Sanjeev Parsad, Founder of "Corner of Berkshire & Fairfax" website & Corner Market Capital 6:30pm - Meet & Greet 6:45pm - Dinner 7:00pm - Dr. Kevin Glasgow, CEO of the Crohn's & Colitis Foundation of Canada 7:30pm - David Polonitza & Andrew Berger - AB Value Management LLC 8:00pm - Ben Raybould - Arlington Value Capital LLC 8:45pm - Presentation Guests (from you know where!) We will of course have our usual raffle and silent auction. A wonderful dinner is on the menu, and a cash bar will be open again. Tickets are $150 (including dinner), or $75 (no dinner, water & beverages will be available). Get your tickets soon, as we are going to be running low. Just go to the "Corner of Berkshire & Fairfax" homepage (www.cornerofberkshireandfairfax.ca), and click on the ticket purchase box on the right hand side. All profits from ticket sales, auctions, and raffle will be donated to the "Crohn's & Colitis Foundation of Canada", in memory of Prem Watsa's executive assistant, JoAnn Butler. BUFFET MENU COLD Baby Spinach Salad with Roasted Butternut Squash, Dried Apples, Toasted Pecans and St. Lawrence Market Mustard Vinaigrette Red Cabbage Chiffonade with Golden Raisins, Mandarin Orange Segments, Fresh Chive Batons and Dill-Yogurt Dressing Tri-Coloured Penne Salad with a Julienne of Prosciutto, Grilled Asparagus, Peas, Shaved Parmesan and a White Wine-Tarragon Vinaigrette Fire-Roasted Vegetable Salad with Zucchini, Tomatoes, Eggplant, Green and Yellow Peppers, Chipotle Tomato Vinaigrette with Oregano ENTRÉES Niagara Pear Glazed Chicken Breast with Pimento Potato Purée and Black Currant Jus Citrus Crusted Medallion of Atlantic Salmon with Saffron Risotto and Lemon Balm Cream Sauce Cumin Roasted Pork Loin with Savoy Cabbage and New Potato Ragout Vegetarian Wild Mushroom Cannelloni Baked in Tomato Sauce and Finished with Five Cheese Gratin Brown Rice Pilaf, Fresh Herbs & caramelized Onions DESSERTS Pastry Chef’s Selection of House Make Desserts including: Assortment of French Pastries Lemon Cranberry Cheese Cake Chocolate Flourless Cake Maple Mousse Chocolate Coffee Cups Canadian Sugar Tarts Guava and Mango Shots Fresh Fruit Display Fresh Brewed 100% Columbian Rainforest Alliance Coffee, Decaffeinated Coffee, Fairmont Blended Black, Green and Herbal Teas

LOL! Is Prem "Neo"? Cheers! No but it was suggested by some that Stevie was a Sith Lord. LOLOL I thought he was the "Agent" from the Matrix...but then again, he looks more like Darth Vader without his helmet on. Cheers!

LOL! Is Prem "Neo"? Cheers!

Please read attached file. That will only get you half-way up to speed. Cheers! This is with Fairfax. What's the connection with you personally? None personally, other than run-ins with a couple of their cohorts over the same issues in person and through the predecessor of this message board. If you guys weren't here back then, you wouldn't have a clue what occurred. Ask Cardboard, Uccmal, Bsilly, Daphne et al. Cheers!

Please read attached file. That will only get you half-way up to speed. Cheers! Fairfax_Lawsuit_Filing.pdf

Oh, woe is Steve Cohen's charmed life these days...now his ex-wife receives favorable treatment in her suit against him! ;D Cheers! http://www.bloomberg.com/news/2013-04-03/steven-cohen-s-ex-wife-has-her-suit-against-him-reinsted.html

On the opposite end of FD, if message boards worked great for Short scams, how about Social media? That's my concern. Cheers!

Wow! Cheers! http://finance.yahoo.com/news/sec-says-companies-announce-key-194006220.html;_ylt=ArFTSRIlWybW6lNaXNPc1mmiuYdG;_ylu=X3oDMTNyMGtjMjl1BG1pdANGUCBUb3AgU3RvcnkgTGVmdARwa2cDNWIzODA1OWUtOTg2Ny0zMjU0LWFiOGItYjYwZjE4ZGVmNmQ0BHBvcwMzBHNlYwN0b3Bfc3RvcnkEdmVyAzkwZWI1YjMzLTliZGMtMTFlMi1hN2Y3LTNmMzlhODE3NGQ5Mg--;_ylg=X3oDMTIzN3RqNXM5BGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QDTmFjZWxsZV9PZmY-;_ylv=3

Parsad, give everyone a change. Everyone is trying to figure out how much they can compound at so they can appropriately size their donation. But seriously GL! Alnesh has a huge lead, but he started two weeks earlier than me...so hopefully we'll be able to overtake him by June 9th. I've got to get a bunch of offline pledges this week from family and friends, although he was smart and has already tapped more than half of our family! Cheers!

Thanks Folks...the response was really quick...wow! Keep'em coming. Cheers!

Ok fellow boardmembers! As you know, I started supporting the Crohn's & Colitis Foundation after my friend and Prem Watsa's executive assistant, JoAnn Butler, passed away. She suffered from Crohn's all of her life, and passed away from colon cancer which Crohn's patients are much more susceptible to. Our Fairfax Financial Shareholder's Dinner raises money for the CCFC in JoAnn's name, and last year we raised over $100,000 with BC's first ICE Gala which I helped with. Alot of you support the dinner in Toronto, and because of that, they asked Corner Market Capital to be one of their corporate chairs for their National Gutsy Walk on June 9th. So Alnesh and I have a grudge match going on who can raise the most in pledges. Even though he is part owner of Corner Market Capital, he's got a corporate team for his accounting firm, Quantum Advisory Partners LLP, doing the Vancouver walk. While Corner Market Capital, along with my friends and family, are doing the Surrey walk. So, I thought I would tap into my huge base of value investors, while Alnesh taps into his huge base of mining/accounting clients. To pledge for my team and walk, go to: https://secure.ccfcfindthecure.ca/ParticipantPage.aspx?L=2&CCID=107&PID=24272&GC=GTv2 You can pledge whatever you want...10 cents to $10,000...as if! Every penny counts so that I can kick Alnesh's butt. Cheers and thanks!