KFRCanuk

"David Johnston was a member of our Board of Directors and a member of our Governance and Nominating Committee until his retirement from our Board in September 2010, in consequence of his appointment as the Governor General of Canada. In 2010, Mr. Johnston attended 7 Board meetings and 1 Governance and Nominating Committee meeting, which were all of such meetings in the year prior to his retirement from our Board."

I'd like to get a copy of the book but unfortunately i will not be at the AGM. This was interesting too. "As I have mentioned to you ad nauseam, you will not get a takeover premium for Fairfax as I have the votes (unfortunately not the equity interest!!), and even onmy death I expect my controlling interest will not be sold (my children are in tears!), so that Fairfax can continue uninterrupted in building long term value for you, our shareholders, by treating our customers, employees and the communities in which we operate in a fair and friendly way! You of course also know that the multiple voting shares of Fairfax will not be sold outside my family unless the same price per share is available to the holders of subordinate voting shares." I'm going to stick my head in the SAND and wish Prem good health for many years to come.

It's here http://fairfax.ca/Assets/Downloads/110304ceo.pdf

My wife is thinking of going back to school. Now the trick is trying to figure out how to pay for it as she currently works full time. I looked at the life long learning program from the federal government http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/rrsp-reer/llp-reep/menu-eng.html I find the withdrawal limits to be low. I doubt I will ever have to use the program so I think I can also withdraw money and put it towards here. Has anyone taken advantage of the LLP?

Kind of like http://agirlnamedbong.files.wordpress.com/2011/01/tracy-morgan-660.jpg

Canned meat is doing well ;) http://blogs.wsj.com/marketbeat/2011/02/22/food-stocks-including-spam-rising-against-red-tide/

http://www.9to5mac.com/52349/steve-jobs-meeting-with-president-obama-tomorrow

This is totally off topic BUT i found this cbc marketplace story interesting http://www.cbc.ca/marketplace/2011/superbugsinthesupermarket/ It becomes clear that if you want purchase non antibiotic resistant poultry, you need a whole separate supply chain. What I found the most fascinating was seeing the cross contamination in the kitchen.

http://www.youtube.com/watch?feature=player_profilepage&v=39jtNUGgmd4 Although this is a marketing video, I still think that this shows that Berkshire(and even Apple) will live on no matter whom is running the company. Go Watson!

Watched The Town last night. I would watch it again. Gone Baby gone was better.

Ottawa acts to slow down borrowing on homes, limit consumer loans Let's hope they keep the changes coming over the next couple of years.

i tuned out when i saw Jim Chanos

Generally talk and specialty(cnn, cnbc, bloomberg) channels have commercials. Music channels are commercial free. Stern has commercials but he is not locked into when he goes to a commercial break. He can go as long as he wants without a commercial. He did 90 minutes today with Billy Joel without a comercial.

I also became a huge Stern fan after he moved to Sirius. If he doesn't stay I will likely keep my subscription. I think the subscription fee is so small that people prefer to keep the service once they already have it. It's like getting winter tires. Most people are like "you don't need them", it becomes a different story once you tried them. People also don't tend to change their insurance companies once they purchase a policy. Oh yea, I never bought the stock even though I loved the service. Even during the dark days, I couldn't bring myself to buy any. It just didn't seem cheap enough but Mel Karmazin is the man to turn the company around. Great jockey but the company wasn't cheap enough.

Ford Sync is pretty darn neat from what I have heard. I have paid for the service for the last 5 years. I actually got the service before it was available in Canada. I really like Sirius XM for a couple of reasons 1) Same channels no mater if i'm 10KM or 1500KM from home. 2) Lots of content. I don't have a large music collection. I rarely purchase or download music online. 3) The Sirius radio that I have allows me to pause, fast forward or rewind. That's really useful when I'm going in and out of the car. I also have an ipod that I use while I'm in the office, shoveling snow, mowing the lawn and walking the dog. It's filled with podcasts. I never use the ipod in the Car.

Amazon to Pay US$500 Million Cash for Diapers.com Owner WOW!

Runoff had pretax income of $115.2M in the third quarter, so even if we back out the GFIC gain of $85.9M, runoff still generated income of $29.3M from July to September. (page 26 in the Q3 report) Btw, when Fairfax aquires GFIC below book, it seems only natural that the book of Fairfax should increase similarly. Here they naturally choose to put that $85.9M gain in runoff. Seems fair to me. Another thing is the way the deal is financed, I agree it looks complicated ::) Cheers! Does everybody remember when runoff was costing $25M/quarter, if my memory serves me correctly? YEP! It would be neat to see at what point runoff is now. I suspect they are still down but hopefully the longtail nature run off will break even.

YES! It gives and April price for TSE:FFH I reported a pricing problem to google http://www.google.ca/support/finance/bin/request.py?contact_type=pricing You can also report other issues if you go here http://www.google.ca/support/finance/bin/static.py?page=known_issues.cs\ I hope if more people report the problem, the sooner it will get fixed.

YES! It gives and April price for TSE:FFH

Haha! I agree, I'm married to an Italian too! My inlaws are crazy!

Canada's Budget starting point was way different than the US's 2011 Budget http://www.wallstats.com/deathandtaxes/ I doubt most canadians would support the military taking 63% of the budget. http://en.wikipedia.org/wiki/List_of_countries_and_federations_by_military_expenditures

My guess is 9B is the value of their fleet of planes and infrastructure. http://en.wikipedia.org/wiki/National_Aviation_Company_of_India_Limited Air India has 20 777's each cost about 200M+ new. Not to mention the value of the other company planes.

What about bed bugs? Do you cook the furniture up to 60 celcius somehow?

Well emailed brk.un investor releations and asked them if they had a metric for delivery of non damaged goods on first try. I didn't hear back. It's really too bad that they have to roll multiple trucks for one delivery. I guess if they get the goods for $40 and charge $400 then it doesn't hurt them as much.

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