DynamicPerception

Not a good choice for me NormR. The dividends pay my anual trip/entries to the WSOP.

I was in the Seniors Championship this year, Event 29 as well as Event 33. In 29, which set an all-time record for a single day event with 4,128 players, things started off pretty well. I knocked the 1st player out on the second hand with my J-10 and a rainbow Flop of 9-8-7. I was probably the chip leader at this point (big deal). The 4th hand I had A-A and the Flop came A-A-2. I had no action this hand but as you can imagine I felt pretty good. Before the 1st break I was out when my A-9 lost to A-10. In 33 I also lasted almost 2 Levels but my Q-Q against K-10 got nailed on a Flop of K-10-2. But its still a lot of fun. Parsad, Good Luck on your trip.

ONYX1: Lessons learned: "the market often offers attractive entry points when information is lacking between quarterly earnings releases." Amen to that!

Up 5.31% thanks to FFH for the increase. 100% cash at present. Recently upgraded some real estate. Waiting to see what 2012 brings.

Merry Christmas and Happy New Year to you and yours!

On 2012Jan01 Lombard Insurance Company will, along with its sister companies (Commonwealth, and Markel), begin operating under the "Northbridge Insurance" brand. Lombard will be renamed to Northbridge Personal Insurance Corporation. I don't know where Federated fits in this rebranding.

One more month to go for hurricanes in the Atlantic.

I'm up 2.88% ytd and presently hold 41.63% cash and very comfortable with my position.

FFH will probably hold the course until they see the light at the end of the tunnel. "unintended consequences" Here's an inside perspective of a "balance sheet recession".

One thing that I find facinating about Fairfax is the consistancy with which they operate. There have been some minor changes in their thinking over the years such as paying dividends and the 20% to 15% annual target reduction but the changes are always explained at least to my satisfaction. It takes a great team to stay so focussed and disciplined.

Not only did he not play he filed a lawsuit against FullTilt. http://www.lasvegassun.com/news/2011/jun/01/phil/

Works smoother for me too. Good decision.

http://www.dataroma.com/m/holdings.php?m=FFH Looks like its still their sixth largest holding by percentage.

Transformers in Toronto - Cineplex Adult Ticket - $12.75 Large popcorn - $7.10 (good popcorn) butter is an extra $0.79 Large soft dring - $6.49 Very expensive. Not Ultra and not 3D

I believe the buyout was $14.60 per share. They still had 22,577,788 shares. I think they sold their 1st 22,500,000 around $7.35.

Yes, NLHE. I didn't see Phil, but seen his good buddy Antonio Esfandiari, and others such as Greg Raymer, Scotty Nguyen, Huck Seed, Kathy Liebert, etc. The Convention Center at the Rio is quite large and then the Amazon Ballroom (and maybe others, there are many ballrooms) are used as the various events wind down. There is literally thousands of players active. There are lots of side games going on at all levels. You could easily bypass the pros unless you are methodically checking for them. Later I was in a cash game at The Wynn (1-3 NL) and a young guy from Canada sat down pulled out a block of 100's 3-4 inches deep (had to be $30-$40,000) and bought in for $500. He was telling us about a cash game he saw at the Rio, 10 players each with over $500,000.00 in cash and chips in front of them. One guy had so much in front of him he was having trouble reaching his cards.

Somewhat related; Never having had the opportunity to experience 'Stake and Shake' fare and based on past messages I have been waiting for the chance. I was at the WSOP last week. I dropped in to the S&S in the South Point. The place was packed, both the 'eat in' and 'take out' had small line ups. I opted for a counter seat rather than wait 5 or 10 minutes for a table or booth. The unmoveable counter seat was very uncomfortable. I normally would have just slipped out but had to try their classic burger and milkshake. The 'shake was sugar ice milk, the 2 patty cheeze burger was greasy and tasteless, no wonder its $3.99, the fries were strips of ???. I feel sorry for anyone that eats this junk on any regular basis. The food and experience was respectively, CRAP and CRAPPY! I glad this experience is in my past. :P p.s. I outlasted 1625 of 2175 players in my 1st WSOP tournament which was not too bad for having few playable starting hands. There are a lot of good players as well as pros. It was great fun! ;D

Last business day of the month may be in play.

1. Anyone could do better than that. 2. Looks like they went from a 2000 website to a 1995 website. 3. Boring, unimpressive and a little amateurish. or is it just unimpressive, boring and a lottle amateurish. Spruce it up a bit. p.s. I still love Fairfax!

Thanks for posting this article, a pretty good summary.

Very interesting.

Mr. Byrne considers it treason to settle. The trial will run its full course. Good stuff!

Crip1 and Partner24, My dad had a sign in his workshop. "Women's faults are many, Men have only two, Everything they say, And everything they do."

beerbaron, my apologies. I wasn't doing a valuation. I was interested in estimating the gross daily swing on the S&P/Russell hedges. But you are quite correct in that it was sloppy. I should have at least stated what it represented.

tombrgt - I believe quarterly resets affect book value up and down. As of Mar11 I have around a $167mil loss on the hedges for about $8.00 a share decrease. It can change quickly and dramatically. link01 - No I just did a quick calc on the hedges.