Parsad

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!

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!