cwericb

Ya know when you are consistently wrong (and not by a little) quarter after quarter and year after year, most people would begin to question their own projections. One would also wonder if Mr. Horn has no one over him in management that might also question his ratings? Several years ago a 'financial advisor' at RBC told me that through 'RBC Direct Investing', I was lucky enough to have free access to Morningstar investing services and advice. Seeing Mr. Horn's comments and predictions regarding Fairfax, I have absolutely no confidence in anything I might see from Morningstar.

I guess the days are over when Fairfax would post great results and we would have two or three days to buy shares before the market would react. Took a long time for the market to clue in that Fairfax is the real deal.

RBC.

Nor did I. However prior to reading the exchanges on this board I was quite concerned about all the panic surrounding the potential tariffs. I looked at several of my Canadian companies that might be affected by tariffs. Considering the comments on CBoF I came to the conclusion that tariffs were probably unlikely or at least temporary and in the end would not hurt Canada as much as many were projecting. Again from comments here, I realized that yes, US imports from Canada represent a much smaller percentage than Canadian imports from the US. But really, how relevant is that? Canadians can get along just fine without American peanut butter, orange juice and booze. But Americans would have a much more difficult time without our oil, gas, electricity, lumber, minerals, etc, etc. Furthermore, past experience over the years told me that when markets drop, Fairfax shares often increase in value. I slept well.

Is not the problem here, that Politics can have a significant impact on investments? How many of us started to rethink some of their investments when Trump said he was going to put on his 25% tariffs? I certainly started to look at which of my holdings would be impacted and which ones might not. Just look at the number of replies on the subject before it was closed.

THIS!

1.5% of illegals crossed from Canada, 0.2% of fentanyl crossed from Canada. US figures.

No lies, Trump pre-staged the meeting with the threat. Short memory?

Meanwhile in Panama, Marko Rubio is threatening another nation. Turn over the Canal or else we are going to send in our troops.

That's the crazy thing about all this. Trudeau has been given a second chance to rescue his reputation by meeting Trump head on whereas up to now he was despised by so many Canadians. I don't think this is exactly what Trump had in mind.

This is quite true and today any inflationary impact can be very easily and quickly stopped.

Well as one who has lived through a period of 18-20% inflation rates and remember seeing my mortgage jump to 17.5%, inflation is no fun. You would pay your mortgage for five years and when renewall came up you would see that almost all of your mortgage payments had gone to the interest while the amount owing on your house had hardly decreased.

All good points. Trump has threatened higher tariffs if Canada retaliates which it has, so we will see how how things settle out. Keep in mind that a lot of Canada's exports are not particularly discretionary. oil, gas, lumber, electricity, etc. So simply not consuming electricity, oil, etc is not that easily done.

True. I guess that would be one way to avoid inflation.