Parsad

Actually Cubs, you're the one that is incorrect here. Canada and Greenland (Denmark) are U.S./NATO allies. Yet, Trump blusters to his allies as potential sovereign takovers...whether they were bluffs or actual threats don't matter. It was politically a stupid thing to do. Russia is a Communist regime that actually invaded Ukraine and has made threats of using nuclear weapons if European countries became involved. You're the one that should wear the badge of honor or shame...and it's certainly been your choice on how you wear it! Cheers!

Actually, we should cut off the border to the United States and China based on Fentanyl and Fentanyl precursors getting into Canada...from the same report that you noted. Cheers! International context The illegal fentanyl trade is a highly lucrative global activity that transcends borders and jurisdictions with supply chains, production and trade that are international in scope. The production cycle begins with precursor chemicals made abroad, and then acquired and processed into fentanyl by organized crime groups in North America. Several countries in Asia, and the Americas, including the U.S. and Mexico, are regularly used as trans-shipment routes to facilitate the entry to Canada of precursor chemicals that are then used in domestic production. Most of the large seizures of fentanyl in Canada can be linked to domestic production that arise from illegally imported or diverted precursor chemicals.

Stonetrust upgraded to an A rating! Cheers! AM Best Upgrades Credit Ratings of Stonetrust Insurance Group’s Members

Thank you Blugolds! That gives me plenty of hope. Cheers!

Your leader decided he wanted to pick a fight with all of his friends. If one of your buddies did the same, wouldn't you say he was being a moron? Wouldn't it be better to work with them then alienate them? Usually we felt safe. These days we feel vulnerable...not from others, but from someone we considered our ally. Your POTUS was the one who kept calling for and entertaining the notion of Canada becoming the 51st state. But you ignore his antagonistic bleats to neighbors and friends. You find it amusing like frat boys sticking some kid in a locker. Many people globally used to call the USA a bully...now you are finally living up to the hype! Cheers!

You know, you guys should have more respect for Canada and the sacrifices it has made as your closest ally for decades and decades. When 9/11 hit, no one helped you more than us...we landed over 225 American aircraft at our airports for protection and safety...we sent hundreds of first responders to help at Ground Zero...Canadians were killed helping the U.S. in Afghanistan and Iraq. Let me ask you...when was the last time U.S. soldiers died helping protect Canada? Most Canadians don't think of stupid things like this about the United States. We're angry at your President and some policies, not you or your country. Cheers!

Carney has already allocated $9B to 20% increased wages for infantry and 7% for higher ranked soldiers, as well as a hike in recruiting. He's already looking at ordering 32 subs. They are deciding between European or F-35 jets...80+ of them. Four new C-Class Destroyers to patrol the coasts and Artic. Billions already spent on increased border monitoring. He's also considering participation in the Iron Dome. Committed to hitting the 2% of GDP target at the end of 2026. Hitting the 5% target by 2030. Exactly when was he lying? Cheers!

+1! Cheers!

Wasn't me. I think someone asked about NY selecting socialists every few years...someone pointed out Koch and Dinkins or something. I also included DiBlasio. Didn't say anything about Koch. Cheers!

If I couldn't laugh at politics I would die! So it's for my own survival. Cheers!

Young Buffett didn't need Charlie's quote because young Buffett looked at his ideas from a solely fundamental, mathematical view. You either trust the numbers or you don't...discount cash flow, liquidation value, etc. That's where I am...Ben Graham. I'm not comfortable with Buffett's adaption of Phil Fisher's ideas. That's where Charlie comes in and the invert quote. You are no longer trusting the math but making long-term assumptions about a business, it's moats, dominance, change in trends, etc. All the things that math cannot prove out. So yes, we'll have to agree to disagree, since I evaluate my investments based on the former (math) and not the latter (greater perspective). Trust your own analysis and instincts! As long as the math is correct, you are fine. It's what lit the bug in the first place...check the numbers, over and over. An intellectual framework incorporating math, not a philosophical exercise. Cheers!

Wade and Lawrence learned their skills under Peter Cundill, so they will go to the cheapest hunting grounds globally. It's why they probably work well within Hamblin-Watsa as well. Cheers!

I'm ok with that if they use the tariffs to pay down the debt and if they can get corporations to absorb the cost. Then it works. Corporations are benefiting from reduced taxes in the BBB, so they should absorb the cost. But if consumers are essentially forced to pay the tariff through increased retail pricing, then that doesn't work...it's regressive, reduces consumption and will lead to more bankruptcies, poverty and failure...possibly a deflationary spiral. Cheers!

Thing is, no one is going to care about that stuff unless the economy is doing great, jobs are a plentiful, taxes are lower and prices stable. As well as deficits and debts are under control. Long ways to go...I would like to see it happen. Just saying that the wins so far have been down the primary list for most people (talking about 90% of the population). Cheers!

de Blasio...not socialist, but pretty left. Cheers!

Guys, you have to admit, heading into 8 full months of power, other than securing the southern border and massive deportations of illegals, there hasn't been many wins...unless you count Stephen Colbert's ending...but he's still on for another year to torch MAGA. Yes, he's pushed through a ton of stuff, cancelled a ton of stuff, but not that many actual clear-cut victories. War in Middle East is still raging with massive starvation now. Putin keeps getting Trump to pull his finger and Trump keeps falling for it. Tariff deals are coming out about as slow as Heinz Ketchup. Epstein relationship keeps popping up. Hunter Biden, what a twat, keeps giving Trump and Melania the finger...hopefully Trump actually imprisons him! Obama is still widely respected even if his picture has been moved at the White House. Most countries around the world under tariffs are making deals elsewhere and for the most part, patiently waiting out for TACO. DOGE was a bust. Courts are still weighing in on tariffs. Cities and many states continue fighting MAGA policies. Powell keeps defying Trump's wishes for massive rate cuts. Inflation and unemployment still not moving in the right direction. So, while he's been very busy, the outcomes success rate is somewhere around 25% so far. Cheers!

Hmmm: https://finance.yahoo.com/news/bessent-says-japan-behind-curve-002532552.html But: https://finance.yahoo.com/news/ppi-inflation-shock-core-producer-prices-hit-3-year-high-in-july-in-head-scratching-inflation-surge-123743902.html Pot calling the kettle black! Cheers!

No eggs thrown...I think you are correct! I think analyst reports offer little benefit and could be more detrimental to those that actually do their own work in detail and have conviction in their analysis. Cheers!

I think it's the reverse. The more you use other analytical information to pressure test your own assumptions, the less conviction you have in your own ideas. Not talking about raw data...but analytical views. You should be able to do your own analysis accurately and trust that information. Cheers!

I'm not sure I've ever found any analyst report particularly useful when making a decision. I decided a long time ago that my own calculations and analysis is what I would rely on...otherwise the conviction level wavers and you make decisions predicated on someone else's assumptions. That may work out at times, but often the result is negative! Cheers!

Hi Viking, I agree with all that. And I would suggest that is a result of Wade and Lawrence being given more leadership and money. At the core, the old guard at Hamblin-Watsa cut their teeth on distressed value assets, and I just don't think they will be able to entirely change from that. When it's ingrained in you that you cannot pay more for an asset, even if it is of high quality, it's tough to change that behavior...both as a consumer or an investment manager. So that's why I think Fairfax on occasion will still produce some lumpy investment results, but slowly moving to more consistent investment results as that mindset changes with the younger managers taking over. Cheers!

Big Balls was probably selling coke on the side! So they stopped because some unqualified kid hired by Musk was beaten up? Weak! The shooter at the CDC fired 500 rounds and was angry at the Covid vaccine. Another MAGA nutjob with a gun! Cheers!

This looks like another DOGE...hype, hype, hype...reality! By the way, what happened to DOGE? Is it over, or are they still working on cuts? I can't see why you would ever terminate it. You should always be looking for savings. Cheers!

https://finance.yahoo.com/news/us-budget-deficit-20-over-191100454.html Tariffs so far not enough to offset increasing budget deficit. Cheers!

I think Andy would be too long in the tooth by the time that opportunity arrives. Andy has essentially handed the reins over to Brian Young as well. While Wade is head of Hamblin-Watsa, he lacks the insurance background. Peter Clarke is already President & COO of Fairfax...so Wade and Brian report to him. He also has the longest tenure of the three, was compliance officer, is well-versed on the investment and insurance sides, and is already leading the calls...even Paul wasn't leading the calls. So if I was a betting man, it already looks like Peter is the anointed one if something happens to Prem. And frankly, while no one can ever replace Prem...Peter is an excellent choice! Cheers!