maxthetrade

Merry Christmas! And thank you Parsad for maintaining this incredible board!

Great article! It's true, you don't tell him what you want but he selects for you what is perfectly aged. I have tasted dozens of his cheeses and there was not a single one that wasn't perfect. His products are very affordable, if he wanted to maximze his profit he could easily charge three times as much (and I would pay it!).

I don't know if this champagne is available in the US, it's a pretty small producer. The Clouets were scribes of the Kings and Napoleon gave them their land for faithful services. Bollinger is their direct neighbour. Even their entry level Grand Cru is at least as good as a Veuve Cliqout but cheaper. I have a 6l Methusalem bottle for New Year's Eve, which I'll celebrate with a couple of friends in Denmark this year. Yes, Maitre Antony is in Alsace, he's legend!! I have never had any other cheese that even comes close to his, for me he really is the pope (or god) of cheese! Usually you can only buy his cheese at his shop in Alsace or in a couple of Michelin star restaurants around the world. A few selected types may be available at some shops from time to time. I was told that Giscard d'Estaing was a huge fan and Otto von Habsburg a regular customer. I'm only able to order from him due to some lucky circumstances and a mutual friend.

Thank you Parsad! It's almost impossible to get a really good baguette here if you don't make it yourself. It's not difficult to make them but takes some time, so I make them only on special occasions.

Well, I need a break from the relatives Had some excellent vintage Champagne: and some over 40 years old Tawny Port, my favorite Port of all time: A perfect match with a cheese plate from Maitre affineur Antony and some selfmade Baguettes: The cheese is in a class of its own, if you ever get a chance to taste his cheese do it, you won't regret!

Interesting, I didn't knew this. I would have thought litigation (ambulance chasers) is the primary cause for the difference in price.

Exactly. I've owned some GLRE in the past and still find it hard to tell when Einhorn lost it.

Most likely! The stars really seem to be aligned...

Wow, car insurance in the US is very different from Germany. I pay ~500€/year for liability and full comprehensive coverage for a BMW X3M40i, I have never seen such an increase. Speeding tickets don't increase your premium over here, only actual accidents. Otherwise I'd be fucked

I've been writing puts on this name, seems reasonably cheap to me.

The Crazy Hot Matrix!

In general I agree and like you I'm quite positive for the next couple of years but I think there are still a few things that need to be adressed. Brit is on top of that list, recent performance has simply been unacceptable. I'm no fan of Recipe and hope they'll flip it for a decent profit, at least they don't seem to have overpaid in this case. My main concern is that they'll buy some crap or something outside of their circle of competence again instead of repurchasing shares or buying decent businesses.

Transmutex from Switzerland is working on a very interesting technology that burns long lived nuclear waste. It dramatically reduces nuclear waste and the half life of it. https://www.transmutex.com/technology

I certainly appreciate your posts! My earnings estimate is somewhat lower, main difference is that I assume $1,000 UW profit and I have share of profits of associates a bit lower, but haven't updated that number lately. I also don't include gains on the equity portfolio until they show up. But that's just because I like to err on the side of caution. If we see an average catastrophe year and calm markets your estimate is entirely reasonable.

Indeed! Of course I read the Buffett biographies but it was nice refresher. I send the article to my nephew and he immediately asked if I can lend him the biographies...

Thanks for sharing!

The earnings call transcript is now available: https://seekingalpha.com/article/4553283-fairfax-financial-holdings-limited-frfhf-q3-2022-earnings-call-transcript

Up 7.2% YTD, 100% invested. Pain level 0 right now, was maybe 5 earlier this year.

You are lucky! She could have bought Creme de violette, that stuff is gross I still have an almost 10 year old unused bottle in my cellar... I don't like the Aviation and don't know what else to do with it.

Same here!

I'd rather say the chinese were the most willing to pollute their environment and hence the cheapest place to do rare earth mining. It's a very dirty process producing lots of toxic waste, about 2000 tons of toxic waste for every ton of rare earth.

The 10-Year minus 3-Month Treasury has turned negative. I think there always followed a recession when this happened. Sample size is pretty small though.

I agree! It's very satisfying to build something with your hands. A couple of years ago I designed, built and tested a few telescopes, it was very rewarding to see images taken with these instruments that captured light millions and in some cases billions of years old! Today one of my hobbies is cooking, I enjoy to be able to produce something that is as good if not better than what I had in the very best restaurants of the world. And you can enjoy a bottle of excellent wine and don't have to drive after dinner;-)

Here is a good interview with Russell Napier, I agree with a lot what he says. Financial repression and home- /friendshoring will be big themes over the next decade. https://themarket.ch/interview/russell-napier-the-world-will-experience-a-capex-boom-ld.7606

I agree, it's an excellent aquisition not only financially but I like that Brandon is rejoining Berkshire.