Parsad

Gary expecting a market correction and recession possibly by year-end. Gary's not always right, but he is a very nice guy. So his comments are always in earnest! Take what you will from the data. Cheers! https://finance.yahoo.com/economy/articles/top-economist-gary-shilling-says-092001808.html

Overweight a bit actually! Both my actual weight and FFH! Most of the significant overweight is in the trading accounts. Right-sized pretty much in the non-trading accounts. Cheers!

Sorry...yes! Cheers!

It was totally AI done...please use main stream sources or non-AI media. Cheers!

Norwegians must never be constipated and use a lot of ant-acid! Cheers!

Hmmm...we have more trees per capita than those herring in tomato sauce eating freaks! No one has more trees per capita than Canada. We also have Celine Dion, Jim Carrey, poutine and Santa Claus! Cheers!

Watched three more episodes tonight...didn't really live up to those 15-20 minutes. More like a good summer popcorn series to watch...somewhat entertaining at times, but not so good most of the time. Could have been much better! Cheers!

The Netflix remake/stream of "Man on Fire", which starred Denzel Washington and Dakota Fanning in the original movie, gave me goosebumps in the last 15-20 minutes of the 1st episode. They had to build up the story...and like a lot of multi-episode shows it was a slow build...but then the last 15-20 minutes were insanely good! Yahya Mateen is pretty good, especially in the action sequences, but he's no Denzel...but there will never be another Denzel! So it's not Paatal Lok great, but pretty darn good. If the other episodes are anything like those 15-20 minutes...it will be a winner! Will keep you up to date on what they are like. Cheers!

They know better than me...but I would certainly start trimming around 1.5 times book and would be completely out by 1.9-2 times book. Sorry that's just me! In my non-trading accounts, I have added Fairfax exactly three times in the last 6 years...when it was below $500 CAD in 2020, when it was below $750 CAD in 2022 and finally again yesterday below $2,200 CAD. Granted it was a small bite, not a massive bite like 2020 or a big bite like 2022...but it's the first time I've added FFH to the non-trading accounts in a while. So I definitely would not be selling TRS any time right now. I would start trimming when it hits $3,000 CAD by the end of the year. Book value should be about $1,400-1,450 CAD by year-end...x1.38 currency multiple...x1.5 book multiple...gets you to around $3,000 CAD. Cheers!

Ok, I'm not saying you guys are wrong...but let's look at the comments...also, does anyone think for themselves these days, or does everyone rely on a compilation by AI? My replies are in red. Cheers!

+1! I worked at all of those jobs...McDonalds during the summer when I was 16...Shell gas station while going to university at 19-21...then my Dad died, tried to go back to university, but emotionally I couldn't...felt like I needed to work and help my Mom and help raise my brother who was 9...worked for Real Canadian Superstore (Canada's Walmart at the time before Walmart actually arrived) from 22 to 27. The one thing I learned was that I never wanted to work for anyone else, but I worked hard at those jobs...other than McDonalds. Made it two months and then quit as high school began in September again! Then I heard about Buffett and Berkshire Hathaway! That was it...I made my decision to quite my union job at RCSS and get into finance whatever way I could. You have to kill yourself to find yourself...that's the only way to figure out who or what you need to be...and only drive/tenacity can determine that...all combined with a bit of luck and taking advantage of opportunity! No matter what you choose, where you are in life, who you are responsible for...you cannot have everything...there will always have to be some sacrifice. Today...everyone is always told you can have it all! No bloody way you can have it all! Cheers!

They ended up having nuggets and fries. I'm the only one who ate a burger...a Big Mac! Cheers!

You guys all give this way too much thought! When things are flying high...buy, buy, buy regardless of the simplest, easiest way to value the company...price to book. But then when someone questions why pay so much more on a price to book multiple, everyone always tells me I'm undervaluing intrinsic value. Then when prices start to fall, everyone starts worrying about the investments (TRS, Atlas, etc) or what might happen down the road with insurance, management, etc...even though the easiest metric on valuation (price to book) is decreasing! No one was worried about the TRS when the stock was at 1.5 times book...but at 1.1 times book people are now concerned about the risks of the TRS. Prem is not just buying hamburgers...he's buying his own hamburgers! If hamburgers are getting cheaper...it makes sense for him to buy more and more...correct? So why the heck would he sell the TRS (hamburgers) today, tomorrow or in the future unless those hamburgers are very close to full value. Anyway, now I'm hungry...and my niece and nephew who are staying over tonight want me to order their dinner...we're having hamburgers from McDonalds! Cheers!

I'm not sure this is fully accurate to the times. Think about this...young people are marrying later, having children later, and living longer. So their departure from the nest is later than past decades. While most things are relative...housing is noticeably more difficult to attain in many major populated cities compared to historical affordability. It's not that people don't have enough housing or options...but the comparison always veers to detached single family housing over the decades specifically. And you just aren't going to be able to afford that type of housing in most major cities with the density we have these days in terms of population growth...even with dual income families. Realistically in those cities today, a town house or large 3 bedroom condo would be akin to a detached single family residence in those cities 20-30-50 years ago. I grew up in a 2,300 square foot house in an expensive area of Vancouver, with 4 bedrooms and only one washroom. Six of us lived in that house! Today, my brother lives in a 3,800 square foot house in a less expensive part of Vancouver, with 6 bedrooms and 4 washrooms for 4 people! Most areas of North America are also quite diverse in population and culture. Other ethnic groups historically, like older Italian, Greek, Chinese families that came over a century ago, lived with extended family/friends before venturing out on their own. A similar thing is happening in the last decade or so, with families living together longer to build savings as they prepare to move out...now they are from parts of South America, Asia, Africa and are doing the same. Lastly, people are living longer...they are staying in their homes longer...so they need care, support, companionship, financial support/rent, etc that allows them to do so. They are helping their children and their children are helping them. So, it's not as simple as statistics make it out to be...far more complex! Cheers!

Because they are so heavily in short-duration bonds, generating very steady income, and insurance losses/reserves are under control, I wouldn't worry about this. The TRS will only become a problem if they are operating like they did historically with significant volatility in earnings. FFH for the next 2-3 years is probably going to be like the last 2-3 years...one of the least volatile companies in the world in terms of earnings. I would like to see them wind it up before then if earnings quality differentiates into more volatile sources. Cheers!

I save all my nonsense for this thread. I think almost everyone saves it for this thread...so they can vent, laugh, get angry, debate and just sit with their mouth aghast at the President's next crazy ass comment or post! Cheers!

It's mostly related to demographics and the resistance to any sort of private health care "pressure valve" to alleviate those demographic changes. When you have more seniors using the system on a daily basis (and I am becoming one of them and using it a shitload more), and you have 1/3rd of the working age taxpayers carrying the same system...you are going to have challenges in government services, particularly healthcare which is by far the largest budget item for every province. AI will help to some degree...as will robotics...but robotics is well down the road in terms of assisting with nursing/physical services. AI is already starting to be implemented, especially on the diagnostic and research sides, and early robotics is assisting with very precise surgeries now. Long-term, technology is the only savior to these problems as birth rates are certainly not going to increase much and that taxpayer ratio isn't going to change for the better any time soon! There is only so much money to be thrown around to every budget line item. We've experimented with this in Vancouver...it has it's own host of problems, especially in such a concentrated area of homeless/drug users like here in Vancouver around Hastings & Main. It's really ground zero and it was implemented for 3 years with various levels of modest success and failure. Not enough people were using the clean needle/free drugs service, and even those providing clean drugs were accidentally handing out contaminated drugs bought through the underground market. The testing was not as good, drugs were decriminalized, and plenty of people were getting sick or dying from these underground drugs that proponents of decriminalization were distributing. So, there is no easy solution as you are suggesting! When I was first going to Simon Fraser University, my bus travelled daily to SFU through Hastings & Main...the problems were just beginning. 10 years later I was driving through the area daily to get to work...there were maybe 3,000 residents living in poverty, 100 homeless/drug/poor services and businesses were starting to complain. Another 10 years later I was catching the bus to my office downtown, going through there again, and now there were 5,000 people living there, 200 homeless/drug/poor services and businesses were starting to close and move out. Today, there are about 7,500 residents down there, 300 homeless/drug/poor services (the highest concentration by far of any North American city) and the area continues to battle poverty/drugs/homelessness/lack of gentrification/business departures. They've tried nearly everything at one point or another and the monster continues to grow! If there is ever a zombie attack from a virus infecting drug users and spreading across the world, it will start at Hastings & Main in Vancouver! Not London like 28 Days Later! Cheers!

You bitch like an old lady daily...so pull up your skirt and start walking that talk! Your boots were made for walking! An old throwback you'll enjoy! Cheers!

Arrrggghhhh! The old always bitch, as do the young. The old always say "During my time...when I was..." and the young always say "Well we have less opportunity...you guys had..."! The truth is both are just bitching and that time would be better spent elsewhere! Almost everyone I know had some sort of challenge or struggle...some worse off...some better off. Remember when Gen X was bitching that Boomers took all the good jobs, were destroying the planet and would never retire? Know Gen X is doing exactly the same bloody thing to Millennials and Gen Y! And in turn, they will do it to Alpha and Beta...who are already starting to bitch at the age of 5 and 20...but they will adopt AI into their daily life and the world will be amazing and problematic like it always is. This is the natural order! So everyone should just stop whining...starting with the President! Cheers!

Hmmm...alot of working people are bitching these days too! Most are MAGA! I'm complaining...Trump really effed the pooch on his timeline! I'm not against regime change and an open Strait of Hormuz...but even hardcore supporters have to admit he got the depth of the initial attack completely wrong (or Hegseth did) and this isn't going exactly like the presented gameplan suggested! Ukraine has expanded their ability to hit Russian targets from 650 km to 1750 km...what if Iran figures that out too over the next 6 months! They already had ballistic missiles that could do that, but what if they can do it with cheaper weapons?! Cheers!

Yes, yes...forgot all about him in there! A nasty piece of work he was. Cheers!

Blake, that's one of the most cogent things you've written lately! I can't stand Trump, but at the same time, things aren't quite as black and white as people make them out to be...whether it's the right or left. I have plenty of family on both sides as well...and it seems to be pretty common amongst most families these days! As you stated, are things going to be better or worse...no matter who is in charge in the upcoming elections? Hard to figure out these days. Cheers!

One of Tom Hanks' most underrated movies! Paul Newman and a young Daniel Craig as his son were fantastic too. Great movie! Cheers!

I don't think we're going to see civil war...but my point was that type of division is apparent in politics today. Cheers!

All those NY'ers moving to Florida! Cheers! Zillow listings show just how desperate sellers are getting in Florida as real estate crash begins