Redskin212

I think OMERS hurdle for these type transactions is 9%

I looked it up. fairfax owned 34.4% of Eurobank at September 30,2024

Viking loved the analysis on Eurobank. Reminiscent of the Bank of Ireland investment but bigger and bolder. What percentage of Eurobank does Fairfax own? I think I missed it.

Back in the day Ericopoly's post were legendary like Viking's are today. His posts were very informative and transparent - we all learned a ton from him.

One of the better analysts out there following FFH - always on point. I think he follows Viking

At one point today FFH was up US$90 to US$1,330, which is for all the old timers here was the price we could buy the stock one day back in June 2006 - 18 years ago. I purchase a couple hundred shares that day at $90.17, so today's gain is kind of breathtaking! Not to mention the fact, I probably have received well over $90 in dividends over the 18 years.

@Viking Thanks for your response - like you said a little bizarre and definitely not the answer I was expecting. Thanks to all the chimed in as well, the collective knowledge and soundboard is very helpful in thinking about how to fund living expense/operating costs. I am recently retired and have investments across my taxable account/tax deferred accounts/Roth IRA and real estate (rental property), so all of a sudden, I am managing my portfolio "full time", but more importantly struggling with how, when and what to drawdown to fund my living expenses. The board raised a number of great points that will help shape my thinking. Thanks all!

Viking, I like your framework and the conservatism to reduce stress. 6.) My goal at the start of each year has been to make +8% per year. Modest but doable. My long term average annual return has been about 20%. I still have an 8% target at the start of each year. This helps to keep my stress level low. I have one question as you have been doing this for 20 years. How do you allocate money to your "living expenses" or annual operating costs? Do you set an amount annual aside or do you always have a large cash position to cover expenses? Thanks

I have tickets for Peter Hook and the Light over the Labor Day weekend - can hardly wait! Lots of other early 80's bands that could be added to the list. They are all touring for their "retirement needs" but still great to see as it transports me back to my youth

No expert here, but if FFH ownership/control is greater than 50% DIgit result should probably be consolidated. I believe this to be the case as a result of the IPO and conversion of preferred share. I am sure it will be well documented in Q2 results are released.

I don’t think they will take FIH private. The insurance subsidiaries get much better treatment holding a public security vs a private company. Only reason FIH exists and likely the reason it will continue to exist.

I nominate Viking to be the editor

I have been a FFH shareholder for over 20 years, regularly attending annual meeting and listening to most quarterly conference call. It is hard to explain, but I can hardly wait for the annual results release tomorrow and conference call Friday morning. To me this silly MW report has just hyped it up more for me. Thanks to all, especially Viking, for all the recent posts - the wealth of learning is amazing!

Stelco - what are the chances Kestenbaum takes the company private with some assistance from Prem in the next 12 months? He clearly is a great operator and capital allocator, so likely a perfect fit for Fairfax.