cwericb

Returns: 2021: + 38%* 2022: + 14%* 2023: + 28%* 2024: + 50.8%* 2025: + 28.6%* *Not including dividends (probably another 1-2%) The interesting thing about compounding is that if I had reached about 35% in 2025 I would have made about the same amount of cash as I did in 2024 at 50.8%. I rarely sell or buy and just let the portfolio compound. The downside is that latent taxes are scary. Found Sanveev's board in 2005-6 and began following FFH at $98/share. Joined the board sometime later and finally convinced myself that Fairfax was what I was looking for, but kicked myself because FFH had by then jumped to $217 when I finally took the plunge. I still have those $217 shares as since then have only added, never sold. One thing that drew me to Fairfax was that Prem's salary back then was set at $600,000 while other CEO's were in the multi, multi millions. AND, while I rarely see it mentioned today, I believe Prem's salary remains pegged at $600K. So Prem's gain, like mine and fellow shareholders, comes from the price of shares we own in Fairfax. I have now been on this board and predecessors for close to 20 years and I owe nearly every cent I have made by learning who to follow on CoBF and who to not. I will not mention any names because I am sure I would overlook some. So, thank you to all board members, and especially our esteemed 'leader' Sanjeev.

Have four friends that teach in the public school system and all retiring within the next year. Two are in Nova Scotia and two are in South Carolina. The two in NS are making a little over $100k/year each. I don't know their incomes, but the two in SC do Door Dash deliveries in their spare time to supplement their incomes.

So shoot first and ask questions later? Would seem a path to spending the rest of one's life behind bars if someone points a toy gun at you. So gun laws differ by state? That sounds a little crazy - you could have 50 different sets of laws regarding firearms, and in some cases, one set of laws on one side of a neighbourhood and a different set of laws down the street. Is firearm training not mandatory in all states?

I wonder how much training American gun owners are required to have?

As it is in Canada.

No but Marco Van Basten would be concerned as he would be defenseless in a bathing suit. (as per up thread).

Yeah, but where do you wear your gun when in a bathing suit? You could always take up skiing, snowmobiling, skating, etc and leave your guns at home.

Yeah defies logic how so many "Americans" , can know so little, about a country they share the longest border with. And you know that "fake", "con job", "scam", called climate change? Well many of our new neighbours from the Southern States far prefer Eastern Canada's Maritime summer climate to the oppressive heat and humidity of the U.S. south. And, since it seems our winters are becoming milder (we now even have peach u-picks here) and a country run by some intelligent people, many are giving serious thought to moving here permanently - despite the "climate scam job". We are finding that after our visitors spend a few summers here, quite a few are giving serious considering moving North. Then, when they find that they can buy a beautiful waterfront home with US dollars for a fraction of the price in the US and that we have free health care and don't have to walk around with a Glock in their pocket, well there is more to life than money.

Jeez, where do you live that you feel the necessity to carry a gun? And why would you continue to live like that? Where did you get the idea guns were banned in Canada? Most people can own a firearm if they wish. However............ School shootings, 2009-2018: Canada 2. USA 288. Homicide rates by firearm per 100,000 inhabitants (2020) . Canada: 0.736 USA 4.054 Violent crime rate per 100,000: Canada: 30.8 USA 88 (three times more) I live in a small city in Canada. When I sold my previous house I had to put new lacks on all my doors. Why, because I had never locked them in the previous 25 years and had lost all the keys. Still very rarely lock my doors. Do you know that the U.S. is the only developed country without a system of universal healthcare, and, as of 2023, 7.9% of the population does not even have health insurance? And you are suggesting that people wouldn't move to Canada because they would make less money? PS. Real estate in this area is and has been seeing more and more Americans buying up property here and moving here.

There is a lot more to life than money. Just for starters, we don't carry guns. (We don't need to).

Agreed, but rather hard to do when only one side wants to cooperate. It is not Canada that started this tariff crap nor has Canada ever expressed a desire to take over the US. Nor has Canada threatened an economic war against another country. We could go on ...

Now this is just me, but If I were to sell a stock and the price started moving up immediately after I sold, I would have a hard time buying back shares at a higher price than I sold for. Now that may not be very rational, but.... Recently I have gotten a little better at this, but man, it really sucks buying back shares that that I recently sold for less. As for Fairfax here, I have no intention of selling because if share price backs off a bit, all indications are that share price should increase as time goes on and also, year end results should confirm faith in the direction the company is going. I think that the add to the TSX will help legitimize the company to doubters and increase demand. Will be interesting to see if the add to the TSX impresses Mr. Horn..... JMHO

Really! I'm kinda shocked at this. Here I thought I was the only one like this. What's wrong with us? Last year my portfolio was up 50.8% and was very reluctant to brag about it to anyone in the family, other than to say that I had a good year.

Well said!

There were periods when it was frustrating to own Fairfax. The "ignore" part of your response worked for me.

YES. Fairfax keeps compounding and their is every reason to believe that it will continue to do so into the foreseeable future. On top of that I doubt there is any stock that has been more closely examined than has been by this board. Several posters here have made it their mission to become virtual experts on the company. And yet, during the 20+ years existence of the board, there is always a percentage who do not hold Fairfax. I mean look at the chart for the past 5 years: I have owned Fairfax for just shy of 20 years and had I dumped shares during slow times, I know I am not smart enough to time the market and jump back in at the most opportune time, so I have held on through thick and thin and am damn glad I did. But I have trouble with how anyone on the Corner of Berkshire and "Fairfax" does not own shares in the company. And for those who are waiting to become a shareholder, what are you waiting for?? Coffeecaninvestor, you say you have been on the board for two years? Two years ago FFH shares were about $1200C, today it is at $2,500C, how long do you intend to wait?

I have a bit of a background in psychological assessments and Trump is like a textbook case of various abnormal psychological issues. Anyone who disagrees need only do a little research in abnormal psychology. At a minimum he is a narcissistic sociopath.

Yup!

Cubs you can't seem to mention Trump without mentioning Obama or Biden. ODS? BDS?

Well it appears that the bar has been further lowered by the present occupant, so the next occupant would almost have to be an improvement. Hopefully.

Perhaps some expected better.

Tonight Trump said he's reducing drug prices by "500%, 600%, even 700%". Has the poor man ever passed a math test?

Sadly, just look at the disgusting record of the residential schools and the Roman Catholic Church. And that is more or less modern day.

Guys I learned a long, long time ago that arguing religion with people of different faiths is like arguing politics with someone like Cubs. They have their own religion and are convinced that their religion is the only one that is right and you are not going to change that. Discussing religion here, under the "Political" heading is simply a waste of time and space and is just one more reason to get pissed off at other board members. Perhaps we should move on. At least political parties and presidents reset every few years rather than millenniums.

Does this remind you of anyone? "A narcissistic sociopath" isn't a formal diagnosis but describes someone with traits from both Narcissistic Personality Disorder (NPD) and Antisocial Personality Disorder (ASPD), characterized by an inflated ego, need for admiration, extreme lack of empathy, manipulation, and disregard for rules/others' rights, leading to exploitative, callous, and sometimes criminal behavior. They believe they're superior and entitled but also lack remorse, often harming others for personal gain, power, or pleasure.