Dinar

@MMM20, Look I own the stock, and I give Prem credit for the correct calls on the bond market, the building of the insurance business, and investments in India. If Prem is comfortable with venture capital - Digit, Tyke/Davos, etc.., then he is certainly comfortable with GARPY names or should be.

And they should be, however what is then the appropriate benchmark? In other words, how do you judge the performance of the portfolio?

O'k, wise guy, what has been the return on the equity & quasi equity portfolio over the past 5, 10, and 20 years and how does that compare with the S&P? Then adjust for the fact that Shawkei, Tyku/Davos Brands and Eurobank where way riskier investments than the S&P 500, and that Fairfax should have earned liquidity and risk premiums above the S&P.

Leverage in a bull market, coupled with a good insurance business.

I think the big risks are the northeast wind that Prem referred to (what is that by the way?), general major catastrophe - say massive earthquake in NY, 5-10% annual inflation that causes reserves to be inadequate, and lousy performance on the investment side. While everyone is cheering for Prem, I remain a skeptic on the investment side. (Tyku/Davos Brands, Shawkei, BDT, Blackberry - none of these were any good, and Eurobank was not exactly a home run.) Their equity and quasi-equity - BDT has massively underperformed S&P while taking much greater risk - Shawkei is clearly quite levered, so is Eurobank, and Tyku/Davos from what I heard, could be a mistake, was never profitable, and without a greater fool - Diageo could have been a zero.

I would make sure that this is not a PFIC for US tax purposes, if it is, you will probably bitterly regret getting involved.

No Clipper for you?

I don't know what Iran wanted or wants, but according to his obituary published by the Iranian press, the Iranian general who was killed planned the October 7th massacre. So if that is true, it is clear that Iran wanted a war with Israel or at least was fine with it.

You stated that Israelies are occupiers, and therefore they can be killed and raped with impunity. Using your logic, anybody in North America who is not 100% descendant of Indians should be murdered since they are all occupiers. Also, 100% of Turks must killed as well since they are on Greek and Armenian land. So do you support killing all Turks in Turkey and all 100% non American Indians in North America? If not, why do you support killing Jews but not other "occupiers"?

Israel is not the occupier, Jews have lived in Israel, Gaza, West Bank (Judea and Samaria) for three thousand years continuosly. Arabs came in 1600 years later. Do you also believe that Armenians and Greeks have the right to rape and murder every Turk in Turkey since Turks murdered two million of them in the 1910s-1920s and kicked the rest out? If you live in North America, or Australia, do you believe that Indians/Aborigines have the right to murder you in cold blood? If not, why not?

Since members of Hamas are included in that death toll, according to you they are clearly innocent. We get it. Hamas should be allowed to kill Israelis and Israelis are supposed to do nothing in response and cannot be allowed to defend themselves.

You are right, also Assyrians for that matter. Agree regarding Netanyahu and Ben Gvir.

I am probably mistaken, however if all Iran does is fire dozens of missiles and drones, then that's the least that one could have expected.

Israel did not attack an embassy, it attacked a building used by IRGC. Calling a military base a hospital does not make it so. Calling an IRGC base a consulate does not make it one. The war between Israel and Iran has been going on since 1982, if not earlier, when Iran started backing Hezbollah and other terrorist organizations. In 1992, Iran and Hezbollah bombed Israel's embassy in Buenos Aires. So Iran is not the aggrieved party here. Hmm, so Gaza was under Egyptian control until 1967, so Israel was committing genocide in Gaza since 1948? Israel left Gaza in 2005, was it committing genocide in Gaza in 2005, 2006, etc...? You have not explained how Israel is committing genocide now. If Israel was committing genocide, it would close all the aid points into Gaza. By the way, where was Gaza getting most of its drinking water in 2022 from? Actually Israel, actions of a country committing genocide?

Exactly what genoicidal acts is Israel committing? How is Iran defending itself? Iran has publicly stated that the killed general was involved in planning the October 7th massacre in Israel. Iran has funded Hamas and Hezbollah for decades. Iran is not exactly Poland in 1939. You need to brush up on your definition of genocide. If Israel was committing genocide, there would be no population in Gaza, instead population of Gaza is up several fold in the last 50 years. Also, in typical urban warfare, the civilian to military loss is 10 to 1, in Gaza it is roughly 3:2, and that if we believe Hamas figures, which do not stand up to statistical analysis.