ICUMD

Wow - just saw the chart on IIFL - what a rise! FIH in at under 200 inr/share. IIFL at 500 on an exponential growth curve.

Some great points - its true, its hard to fully understand the value of the FIH holdings. I suppose the proof will be in the performance over the coming quarters. Still, one of my more confident holdings. R.

I didn't attend the AGM but also would be very interested in thoughts. I've so far been pleased with the FIH.U performance this year. Certainly more so than FFH. I also feel that FIH.U may confer better protection in a stock market downturn than FFH. Exciting times :) R.

Some interesting points about FFH's portfolio. Tracking Prem Watsa's Fairfax Financial Holdings Portfolio - Q4 2016 Update https://seekingalpha.com/article/4047513?source=ansh

Core insurance business seems sound. Perhaps with the Allied World purchase, they are going back to their 'roots' and to doing what they do best. I would be leary of any further non insurance/banking investments with this track record. A drop in stock price = accumulation opportunity???

Certainly very valid points. I've taken out a large position in FIH.U (Avg about 11.50) and a smaller one in FFH which I hope to build over time. Perhaps I am speculating and highly hopeful on the upside. The quarterly revenue for FIH.U was quite impressive and I feel it is trading at low multiples. Given that book value is about $10, it is trading at or very close to book value minimizing downside risk. As far as I can tell, it is also carrying very little debt (although I am not certain of this). It will be interesting to see if FIH.U can match its parent's historic returns.

Hi - looking to get opinions on the prospects of FFH vs FIH.U. Which is currently the better investment over the long run? Which has more risk? My thoughts: I like the new acquisitions of FIH.U. They seem to be solid industries in India, which may have lower risk than many of the investment holdings of FFH. Although, some have tremendous debt associated with them (ex. BIAL). I am unclear about the debt reduction approaches Fairfax will employ to mitigate these risks. Also, India I think will enjoy a faster growth rate than many of the businesses of FFH. From a valuation perspective, although it is still early, FIH.U seems to be undervalued. On the other hand, I like the insurance float of FFH which is obviously absent in FIH.U. From a valuation perspective, FFH may be a bit overvalued. Would be interested in opinions! Cheers.

Hi there. New to this board. I am interested in learning about peoples perspectives on the safety of FFH is a market correction. Give the high Shiller PE ratio, I think we are at risk of a significant one. How does one value the current hedging book of FFH vs holding Cash in one's account?