ourkid8

I believe they are only allowed to buyback 25% of the daily trading volume per day. Based on the 3 month average of 4mm B shares trading (as per yahoo), that is really only $133 million dollars per day. They definitely have enough dry power to buy the maximum shares per day for the next couple of months if it ever reaches 1.2x book. Berkshire is truly a cash cow and right now they have allocated a ton of cash which will benefit shareholders for many years to come...

Who is buying/adding to their position? I have tons of cash and it's hard sitting tight waiting... :)

Fairfax took a 45% stake in the McEwan Group http://www.bloomberg.com/news/articles/2015-09-08/watsa-enters-five-star-restaurant-world-with-top-chef-wager?cmpid=yhoo

I doubled my small IBM position. If it continues to drop, I will further add. 3.5% yield while i wait for the turnaround which is taking place. I can't complain! :)

I think you need to read the annual report, i believe it was Charlie who spoke about what a good entry point is.

RE KHC, book has to change to reflect the gain in value.

1.4x book is PRE KHC as well. If KHC is included, you are Closer to 1.3x book. BRK's safety makes the position size less an issue for me. And while cheap, I've been waiting not for something else, but for a market correction (bear/crash) that would make even cheaper. Seems overdue, but maybe it silly not to add at P/B 1.4 whenever can?

Agreed but unfortunately Prem most likely has the votes to push this BS proposal through.

Never spoon feed someone as the individual will not learn :) such as here: http://www.cornerofberkshireandfairfax.ca/forum/general-discussion/great-investor-letters/msg228471/#msg228471

There are many threads on the same topic, please do a search.

I was also asking myself the same and really questioning Prem's recent investments, hmmm... I guess there can only be one Buffett unfortunately...

Ajit and Munger...

http://finance.yahoo.com/news/fairfax-postpones-vote-aimed-protecting-173429560.html TORONTO, July 20 (Reuters) - Fairfax Financial Holdings Ltd said on Monday it has postponed a special shareholders' meeting that had been called to vote on a change that would preserve Chairman and Chief Executive Prem Watsa's voting stake in the company he has built and run for more than three decades. The Canadian financial-services company's vote, originally scheduled for July 21, has been postponed to Aug. 13. Fairfax said in a statement that holders of a significant number of shares have not yet voted them and that the delay will allow them more time to do so. It said the postponement will allow Fairfax's management time to continue discussions with investors concerning the proposed amendment. It declined to provide further details. "We encourage the numerous shareholders who have not yet voted on this proposed amendment to do so," said Watsa in the brief statement. "We believe that this amendment is in the best interests of Fairfax and its shareholders." Watsa, a famed contrarian investor often dubbed "Canada's Warren Buffett," has increased Fairfax's common shareholders' equity from around $8 million in 1985 to $8.8 billion today. Its share price has soared from below C$5 in 1985 to more than C$660 on the Toronto Stock Exchange.

I support Prem as well as Fairfax is the largest position in my portfolio however please refer to bearprowler6's note above. I fully support Prem.

I cannot see how anyone would support this plan. Prem, come on... put yourself in our shoes. You would also vote against it!!!

Chou funds, JPM, fairfax, premier diversified holdings and potentially Russell very soon!

I have been a shareholder for 5+ years and I just voted against this proposal.

I recently added 50% to my BRK-B holdings and If it continues trending down, I will add more aggressively.

Happy birthday and lets hope PDH compounds at high rates for many decades!!! :-)

Are you purchasing RB shares to swap them for Premier? It's cheaper then buying premier directly! :)

I also added under $140 as well...Berkshire is cheap!!!

Anyone have any rough calculations of Berkshire's book value?

Absolutely insane returns...

On a corporate governance perspective, it is terrible HOWEVER this is my largest investment in my portfolio due to Prem so I am fine with him having full control of the company. Prem has also pledged to remain as CEO until 2025 which is amazing so it gives him a very long stretch to turn Fairfax into the next Berkshire which will compound for decades to come. Thanks, Shahed

He was still under contract (receiving a pension etc...) that he would not work at a competitor which all CEO's at or above retirement age typically sign. Once he became CEO of CP Rail, he then poached Mr. Creel who is a SUPERB operator to turn around the operations. (Mr. Creel also went on a poaching spree until they made an agreement for a term not to approach each other's employees) Tks, S