Parsad

Sure. But if someone doesn't water the flowers, doesn't mean you take a fire truck hose to them. Trump isn't just fixing the problem, he may end up killing the economy if other nations become aggressive. Look at India setting up a meeting with China when the U.S. said to stop buying Russian oil. Look at Canada or Euro Nations turning elsewhere to find partnerships, buyers, suppliers, etc. The U.S. is currently the whale, but a bunch of orcas can take down any whale! Trump is either fixing the problem or leading to the future decline of the American empire! Cheers!

Trump passed the burden on to the U.S. consumer...which ultimately will hit middle-income and lower-income people the hardest...think Prince John from Robin Hood...Obama being Richard the Lion-hearted! If he used Buffett's tariff certificate idea, the burden would have been on the importers/exporters...not the consumer, manufacturer, retailer or government. Cheers!

But egg prices are down! Fuck Canada, but billions of eggs from Turkey helped bring the price down. So much for increasing U.S. production and self-sufficiency! Now Brazil is the one of the largest egg producers in the U.S. as well. Vive Bolsonaro! Cheers!

Haha! At $1,540 CDN Fairfax would be trading at about 6 times earnings based on Viking's estimates for the next year. It would be around 0.85 2025 year-end book value. I would be loading up the truck again like I did in 2020! Cheers!

Taj Mahal is stunning! I imagine that's what seeing the Pyramids of Giza must be like as well. Agra...Rajasthan...very clean and beautiful. The Indian countryside is very pretty as well. Cheers!

+1! I agree. I remember back in 1998, not that many business people, let alone analysts understood Berkshire. We only had a couple of books on Buffett then...Of Permanent Value, The Money Masters...maybe that was it back then! My only source of information was the letters themselves which went online in late 1998 and the Motley Fool BRK Board. Today, every Tom, Dick and Harry is quoting Buffett. Back in 2002, maybe a couple of thousand people really knew about Fairfax. It's taken almost 20 years just to get the analysts that do cover Fairfax now. The Fairfax meetings today are a quarter the size of the first Berkshire meeting I went to in 2001. Probably why at the right price, it may be a generational opportunity to find a worthy company growing capital for the next 30-40 years! Cheers!

Frankly, I hope Canada or Europe jump on this and announce additional funding for mRNA research and vaccine development. Vancouver has a whole host of biopharmaceutical companies that are rapidly growing and they would be happy to receive more funding and a slew of some of the best researchers and doctors from the U.S. Cheers!

Back to the 50's! These guys are so fucking stupid. I'm just at a loss of words today. I could stand most of the other shit, but mRNA vaccines were crucial to fighting the Pandemic and not spending money developing them just puts us back decades! This pseudoscience bullshit is going to get millions killed. Cheers! https://www.cnn.com/2025/08/05/health/hhs-slashes-funding-for-mrna-vaccine-development

Not saying there is any decline with Trump. Just saying that if there was, MAGA acolytes would never admit it. Cheers!

Almost no one disagreed with the Biden mental decline issue. It's what led to Harris being nominated as the Presidential candidate. MAGA won't do that with Trump...they don't even want to admit he was best friends with Epstein! Cheers!

He learned from Roy Cohen...ruthless, street smart lawyer...Trump is the same. Now if you think this guy is a genius, then that's your folly...and the MAGA acolytes folly. He's not the first one that had Daddy make a donation to get a diploma and he won't be the last...just like Daddy had him disqualified with "crippling" bone spurs at 22 years old. How many 22 year old's do you know with bone spurs? But the man is street smart. Definitely not book smart. I don't think his vocabulary can handle words longer than 7 letters. It's why his kids are named Donald, Eric, Ivanka, Tiffany and Barron! Cheers!

If he can do that, he definitely will be the greatest President ever...maybe the greatest human ever! Cheers!

No, Trump is stupid! There is no doubt about that. How he graduated from Wharton, I'll never know, but the man's IQ must be around 110. What he doesn't lack is street smarts. He doesn't have the physique for a fist fight, but he knows how to handle himself when he's fighting and bullying with words. He understands scare tactics, bluffing, suing the shit out of people, starting fights and frankly has incredible stamina for his age when it comes to this shit. He knows his brand, he knows how to appeal to his base, and he knows when to TACO so that things don't turn on him. The man is street smart...definitely not book smart! Do you really want him for a leader? No. But he may be what was needed to really stir shit up and straighten things out...including the Democratic Party! I think he's got Canada and much of the world refocused...on their own self-interests and increasing trade with each other...maybe a shake up like this is what the world needed and the fallout from it will both benefit and harm the U.S. in different ways. But you reap what you sow and Trump is the one planting the weeds and daisies! Cheers!

Yes, this! This is the stuff that the Democrats need to stop saying. Forget margins...look at all of the shit-disturbing he's doing...all the policies he's getting pushed through. If Democrats had stopped some of their infighting, they might have gotten more shit done. Trump is managing it while there is infighting! Winning the mid-terms is one thing...getting shit done is another. Even though Trump's only gotten 9 trade deals done, he's getting what he wants out of almost all of them...or at the very least something, either investment funds pouring money into the U.S. or access to restricted markets. The Democratic party as is, isn't going to do shit until they return to the middle or find someone like Obama...and I don't see any other Obama's out there! Cheers!

No offense Dwy00, but that was one of the funniest things I've ever heard out of Red's mouth! Cheers!

Hail Caesar! Where the hell is Brutus when you need him?! Cheers!

Sure, that's fine. But don't put in your own puppet, and that's what he's doing. Cheers!

This is inaccurate! He doesn't explain how the monthly numbers are a sampling of employer's records and the revised numbers are after examining State tax records months later to confirm if the sampling was accurate or not. She revised Biden's numbers down over 800,000 employees in early 2024 as well. It's just how the BLS works. Now if you don't like how the BLS works...fine. But to say the revised numbers are fraud is fraudulent itself! Cheers!

This is a key part of what I've been waiting for. You can talk the talk about being soundly funded, but now they are REALLY soundly funded. Credit rating agencies are obviously recognizing that now. It's ok to have excess cash and securities at the holding company level...even when the insurance subs and non-insurance subs are well-funded. With the leverage they have in float and debt, they will hit their 15% mark by just doing the simple things...run sound insurance businesses, manage the portfolio without reaching for yield, find good opportunities to add to the diversity in streams of income...they do this and they will succeed. They are now officially a rock financially. With all that cash, staggered and well structured debt financing, a solid portfolio generating excellent interest and dividends, a strong portfolio of equity investments and perhaps one of the finest portfolios of insurance businesses globally...it seems that we are now finally at the point where Fairfax's checks like Berkshire, will always clear! Cheers!

Including Trump's own previous administration! You can't justify all his bullshit and interference. That's practicing the MAGA mindset...and ignoring the room he's creating for fraud. Cheers!

If he's playing games with the BLS and Fed, how long before he starts making changes to GAAP or IFRS that help his businesses or interests? You go from transparent to opaque to unreliable to fraudulent! Cheers!

73Reds, basically he wants someone to fudge the numbers to look attractive. Plain and simple! How would you like your accountant to do that? Cheers!

They deport you if you do that...no due process. Cheers!

Yes, looks to be the case: Consolidated interest and dividends of $666.3 and $1,272.8 in the second quarter and first six months of 2025 increased from $614.0 and $1,203.8 in the second quarter and first six months of 2024, with higher interest income earned principally due to net purchases of other government and corporate and other bonds during 2024 and net purchases of first mortgage loans during 2024 and the first six months of 2025 Looks like it might be thanks to three of the newer acquisitions: Non-insurance companies' revenue and expenses increased to $2,181.0 and $2,061.1 in the second quarter of 2025 from $1,538.1 and $1,484.6 in the second quarter of 2024, primarily reflecting the acquisition of Sleep Country (October 1, 2024) in the Restaurants and retail operating segment, and the consolidations of Meadow Foods (November 29, 2024) and Peak Achievement (December 20, 2024) in the Other operating segment. Cheers!

Yeah, but people shouldn't worry about inflation in the short-term, but how inflation ravages their savings long-term. In those term, stocks are a better inflation hedge than anything else. No, I meant that 1980-1981 would have been the Pandemic, followed by the spike in interest rates in 2021-2022 like 1981-1982. Even though rates only approached 6% on the 10-year, the jump was quite significant from the lows, not unlike 1981. Of course the jump in 1981 was larger, but much of the market in 2020 was at low single digit P/E's during the Pandemic and into 2021 many stocks were still very cheap. The Trump tariffs effect would have been the October crash in 1987...where stocks rebounded up until 1987 like stocks did up until 2025...you then had a bull run until 1991 and we could see one here until 2028. Yes, but this is about as likely to happen as earnings rising because of policy and valuations contracting. It's really a 50/50 chance of stocks remaining/continuing in a bull market. Cheers!