Parsad

Spoiled brat! Pool looks beautiful...I'm going to use mine tonight. Definitely not that big! Cheers!

Greg, it's because consumption has essentially flat-lined for those in the middle income and lower. If deals aren't made and at some point tariffs are implemented in the course of ordinary business, the risk isn't inflation but deflation as consumption collapses. Be careful what you wish for! Cheers!

The guy is a fucking stooge and loves to use shock in whatever he writes or says! Cheers!

If I do that, it will spread. I'd have to delete like 100 members or more as well. Sticking our heads in the sand is the opposite of what we should be doing! Cheers!

LOL! Cheers!

There is a heck of a lot more than 1. I would say 20% of the adult population has bought into this. A reversion to the mean...meaning 1950's/1960's. Any and all progress made in the last 75 years...half of it will be wiped out! Cheers!

Border - closed You sure about that? RINOs - gone Not really, just relegated to the back bench. Obama Deep state - exposed, Haha! What Deep state?! Democratic Party - in shambles He may have sowed the seeds for a rebirth! Crime - dropping like a rock Crime was already dropping in 2024...the National Guard in Washington is like pissing on a fire after the Fire Fighters have already put it out. FBI/DOJ traitors - indicted Traitors or people doing their work and now a dictator has come for their balls? Late night comedians - fired/laid off This is MAGA woke...their cancel culture now. Iran - busted for good Yeah, jury is still out on that. Rotten Universities - massively overhauled Good job overhauling some of your best institutions. Broad attempt at suppression of free speech. cultural rot - stopped Yes, by a man who has been married three times and enjoys grabbing women's pussies without consent. Traditional American values -reinstated You got it...grabbing women's pussies without consent and mass shootings. Military - fixed Never broken! censorship - crushed He's censoring the shit out of anything he doesn't want to hear...literally MAGA cancel culture! Clinton/Obama/Bush/Biden - buried Yeah, not buried. Just a longing for any and all of them by 50% of the U.S. and about 90% of the World! If that is America being destroyed - I'll take total destruction. Be careful what you wish for...you may be doing more harm than good! And it's only 6 months - gonna be a painful 3 1/2 years for the progressive lunatics The only thing you got 100% right!

Oh, you mean like Trump's four bankruptcies? Your leader was hocking China-made bibles while sitting in office. He's the Ron Popeil of global leaders! Geez! When Munger said "we may have seen the peak of a great civilization a few years ago, he was talking about this political climate and rise of someone like Trump! Like his whole life, he's going to fix some things, but he's going to destroy a shitload of things as well. It will be a period that America will regret in a couple of decades. Cheers!

No, there's a big difference! With variable rate mortgages, your payment stays the same but the payment period increases due to the increased interest unless you choose to pay more. With adjustable rate mortgages, your actual payment changes...so if interest rates spike, you are fucked if you don't have the income to pay the new mortgage payment! Which is what happened in the U.S. but not in Canada. Cheers! https://canadianmortgageapp.com/blog/variable-rate-vs-adjustable-rate-mortgages/

I'm not rationalizing it...I'm saying why he's wrong and his estimates continue to give him the wrong answer. Cheers!

Their biggest position was a distressed asset...Eurobank. Same with Seaspan which eventually became Poseidon. Blackberry when they bought it. Level 3 when they bought the convertible bonds. ToysRUs when they bought it. The fact that many of them turned around over time and are no longer distressed, doesn't mean that they won't invest in more businesses like that...they've historically done very well on those bets. But Wade and Lawrence tend to look for more quality businesses that are mispriced. Cheers!

It's on SEDI...so it's a legitimate sale filed directly by Wade or Fairfax on his behalf. Possible he could leave...I mean Paul had to leave for personal reasons, so it could be something like that. But we have not heard anything about him leaving and he still has some of his other FFH-related positions. Also, why do people think he'll be working for Ben? He'll be reporting to Peter Clarke as President and future CEO. He's worked with Peter as long as he's worked with Prem. If and when Peter retires or leaves, the board will select a new President and CEO...it could possibly be Ben, but there is no guarantee it would be him. Wade himself probably has as much chance to lead Fairfax one day as Ben...so I don't believe that has anything to do with it. Cheers!

What are you talking about? Unfettered immigration...you guys are the morons with the 10M illegals...not Canada! Blame whoever you want, but it was both Republican and Democrats who let that happen. In terms of economic growth, Canada's economy relies heavily on commodities. Oil, gas and mineral prices go up, Canada does well...thanks to your tariffs, our gold mining sector is killing it! Also, Canada's banks didn't need a global financial bailout like the U.S. during the GFC. We didn't fake incomes and jobs on mortgage applications...no predatory lending...no JUMBO loans...no ARM loans. That's the dumb shit that Wall Street does! You guys are the twats who came up with mortgage backed securities and credit derivatives. We also don't bankrupt our citizens if they can't afford to pay for medical treatment. Our public schools are a hell of a lot better than yours. Universities are well regarded and aren't targeted by the Prime Minister. We supply much of the energy that lights up the Mid-West. Who you going to come to as your water sources dry out...since climate change doesn't exist. We'll also supply you with mRNA vaccines when the next pandemic hits and you're wondering why U.S. scientists and doctors weren't prepared. And in terms of leadership...you have a sexual offender, convicted felon who cheats on his taxes, has been married multiple times, was best friends with one of America's most notorious pedophiles, had multiple mistresses, lies like the Devil himself, sues anyone who offends him, has taken weaponization of the Presidency and courts to unheard of levels and TACO's every time things get hard. That's who you have as a leader! Canada's leader is a self-made (no Daddy's money), Harvard and Oxford graduate, who ran both the Bank of Canada and the Bank of England, was in the Group of Thirty, 13 year Goldman Partner, Chair of Brookfield and is well-regarded globally as a leader and human being! And he's been married to the same woman for nearly 30 years! Cheers!

But that's his exact problem with his estimates. If there is a significant catastrophe event, historically, Fairfax's underwriting has been conservative and they tend to benefit from higher premium pricing compared to most of their peers. We've also seen that Fairfax's gains don't come in steady measures like say Markel, but in huge bursts as their investments pan out over time. They invest in much more distressed assets than many insurers, so the turnaround and eventual capital gains come over longer periods. And because they are such distressed assets, the gains tend to be multiples of capital invested, rather than a 20-100% return over a shorter period of time. Although, with the slow passing of the torch to Wade and Lawrence, I imagine future gains will be a little more consistent. Cheers!

What would be great to see is his estimates of earnings relative to the "beat" that Fairfax handed him each quarter and year. His assumption is that in 2027 and later, Fairfax's "guaranteed" income will drop. I'd like to see how he predicted the earnings in past years, which Prem, Brian and the team weren't supposed to achieve and then how much they beat him by. Horn's erroneous assumption is that Hamblin-Watsa isn't creative enough to continue growing investment income. Cheers!

He had a relatively nominal amount (419 shares in his RRSP) compared to outside (6,067) shares, so I'm not sure it was anything to do with tax efficiency with the RRSP. You could donate a portion of the RRSP shares (non-profit or into a Family charitable trust) and offset much of the increased tax you would pay as you liquidate the RRSP. That's what I have planned. Let it compound tax free for as long as I can. Cheers!

He actually had his target price at $1,180 CDN in August 2024. So even going by today's much lower number than the 2025 high, that is a 100% return! This guy is a fucking idiot! I'm not sure we've seen a better example of cognitive bias than this in the last few years. Cheers!

He could be doing some estate planning, but it is a bit unusual. Wade was accumulating shares till May 2024 and December 2024 in his RRSP, and then sold a little at a time until the big sale yesterday. He also sold all of the shares in his RRSP, which I can't see being really anything for estate planning, since it's a registered investment. Still has the roughly 26K in FFH stock options, a bunch of preferred shares and about 363 FIH options. Cheers!

It would be a fraction of what the tariffs are charging. Probably 1-2% like most broker fees. But enough so that importers/exporters can't simply ignore the cost of the certificates and would have to either import/export the equivalent amount of goods. Cheers!

Don't you think Bessent looks and sounds like Will Ferrell playing Harry Caray? Cheers!

It will be reduced by the tariffs...that's the whole point of them. But who is affected by the tariffs the most? Lower income, middle income Americans and small business owners. So you reduce the debt by having the poor pay for it, while the rich benefit from tax cuts that offset any hit to them from the tariffs. Makes absolute Trumpian sense! Isn't this how he and his father built their wealth? Slum lords turned into real estate/hotel moguls, hiding income from taxes and employing illegal immigrants, while fighting every service provider with lawsuits to reduce their invoices. Cheers!

I agree with that. They should be at work and the same thing should happen if Republican politicians do the same in California or New York when they try and pass a similar reorganization of seats. Cheers!

That's almost as good! Kudos! Would you two be interested in doing a COBF podcast/Zoom once a month? The board picks two posters to talk for as long as they like...an hour, two hours...we set it up in the Zoom Room I created with the site, but we've never used...questions would be submitted via the COBF Zoom viewers live...and then you tackle the questions as you like or talk about whatever you want as well? Cheers!

I have a ton invested in the U.S...I'm definitely interested in what is in the best interest of the United States. Maybe not quite as much as what happens to Canada, as I live here, but half my net worth is tied to the United State's long-term future! Cheers!

LOL! That's another winner against Dwy000! C'mon Dwy000, you have to something funnier than that! Cheers!