Bryggen

So, do we know for sure the news is false? Can anyone confirm? I was surprised by it. Thanks! Bry

Amazing guys! Thank you for your input in answering my question. Very knowledgeable people here! Truly appreciated. Bry

...and my second question is directed at everyone here: Is there any value in using the intrinsic value calculation used by Buffett\Graham in 2023? Would valuing stock using multiples be easier and sufficiently accurate to make an investment decision? It appears to me that predicting cash flows and determining an accurate or proper discount rate are possible issues in Buffett's valuation method. Thoughts?

Dave86ch, great article, As a newbie, can you explain something in relation to the discount rate, i.e. the use of the risk-free 10 years gov. bond? Would the discount rate used represent the minimum return the stock would generate should we buy it at its intrinsic value (calculated with this same rate)? I am just confused. If the risk-free (10 yrs gov. bond) is 4% and I use this rate to calculate the intrinsic value of a stock, then I buy the stock at that specific price, does it means that it will return me a minimum of 4%? I hear people suggesting using a higher rate, say 8%, for better returns. If I use 8% in my calculation, would the intrinsic value obtained mean that if I get the stock at the price, it will return me 8%? I hope I am making sense here. Let me know! Bry

Thanks Norm! Valuable input and I will wait next year. in the meantime, I will watch some of the videos ;) Bry

Thanks for your reply. Appreciated. Looks like it was discussed here before (2016), but I assume no one has a recent experience. Have a good one!

Figured I'd start a new topic on this one... Has anyone ever attended the Ben Graham Centre for Value Investing conference usually taking place the week of the AGM? This year it is called the 2021 VIRTUAL VALUE INVESTING CONFERENCE. Would you recommend it? Anything to actually learn or gain insight into? Anthing to gain as an individual investor? Please share your thoughts as I am considering registering for the first time. Thanks Bry

...not if you don't have a Globe and Mail account! I cannot read the article. So, the answer is no and never was on the TSX60?

Unrelated question: was FFH ever part of the TSX 60 and recently removed? Thanks

Thoughts on the results? Still new trying to figuring out their numbers and if this is good or bad. Looks decent at first glance given the context. Bry

Any thoughts on the upcoming call on Friday? Expecting surprises or we pretty much know what will come out of this call? Do you believe the January dividend could be threatened in the current context? Just curious. Thanks!

Annual news. They must file one every year on the off-chance that they wish to repurchase shares. It's just a formality. SJ Thanks for cooling my excitement ;) So, when and how would they report actual share repurchases?

A good news finally! https://www.fairfax.ca/news/press-releases/press-release-details/2020/Intention-to-Make-a-Normal-Course-Issuer-Bid-for-Subordinate-Voting-Shares-and-Preferred-Shares/default.aspx

It looks like he bought at an average cost of $308 USD roughly or about $420-425 CDN per share. It says he bought in the last few days before the press release...I would imagine it was around the 9th, 10th, 11th and 12th, where the stock was around $425 CDN or less and volumes rose. If he is buying there, then I would imagine he is expecting a return of better than 15% annualized or more over the next few years. Cheers! The question then becomes is Prem expecting a 15% return a good predictor of future 15% returns. ...and one to ask: ''is 15% a realistic expectation?''. I am approaching a decade of holding FFH and I am seriously wondering if this is a realistic target as recent shareholders (10 years or less) are yet to benefit from such appreciation. It sure attracts new ( and naive) investors. I am tired of hearing the 30 years track record and while I focus on the last 10 years, I can only come to the realization that shareholders fell short of expectations. yeah , yeah ... I am still around and will for quite some time, but I needed to vent and share ;) Even during the depths of the hedge fund crisis, when Fairfax stock fell to $53 USD, I don't remember Prem buying shares in such a significant amount. Frankly, I'm shocked that he put $150M of outside capital into Fairfax...that would be a decades worth of dividends for him. And if he didn't borrow the money, I would imagine that's probably half his net worth outside of what is held in Sixty-Two Corporation. Then again, I've got half my net worth outside of Corner Market Capital in Fairfax and Atlas Corp right now, so maybe I shouldn't be surprised...and I'm very comfortable with both and think both have 50-100% upside over the next 2-3 years! Cheers! Feeling better... thanks for your always valuable input. Patience and trust are key here. Let wait and see...and look back at this thread in 2-3 years! cheers

It looks like he bought at an average cost of $308 USD roughly or about $420-425 CDN per share. It says he bought in the last few days before the press release...I would imagine it was around the 9th, 10th, 11th and 12th, where the stock was around $425 CDN or less and volumes rose. If he is buying there, then I would imagine he is expecting a return of better than 15% annualized or more over the next few years. Cheers! The question then becomes is Prem expecting a 15% return a good predictor of future 15% returns. ...and one to ask: ''is 15% a realistic expectation?''. I am approaching a decade of holding FFH and I am seriously wondering if this is a realistic target as recent shareholders (10 years or less) are yet to benefit from such appreciation. It sure attracts new ( and naive) investors. I am tired of hearing the 30 years track record and while I focus on the last 10 years, I can only come to the realization that shareholders fell short of expectations. yeah , yeah ... I am still around and will for quite some time, but I needed to vent and share ;)