ourkid8

Where do you have vacation homes? No vacation homes Where are your repeat vacation spots? Cancun, Mexico What are must see places? Peru - In Dec I climbed Mount Salkantay (5000m) and then did the hike to Machu Peechu. It was incredible and I highly recommend this trip to anyone and everyone. What is your next adventure? Thailand / Vietnam in Dec

I rolled some of my gains from RFP into ATCO.

Look... (As Bruce Flatt says before every statement) 1. Significant amount of capital waiting to be deployed. The current market environment provides management an opportunity to take advantage of market dislocation. Here is one large acquisition they just announced today: https://www.reuters.com/business/deutsche-telekom-announces-175-bln-euro-sale-tower-business-2022-07-14/ 2. Uses 25-30% of it's own capital to invest alongside clients to ensure interests are aligned. This gives me some comfort they will be cautious to not overpay for acquisitions 3. Real estate: High quality spaces are highly sought after and rents are up ~30% pre-pandemic 4. Superstar management team with a goal to compound at 20% going forward 5. Macro view on inflation: When there is inflation, revenue increase greater than expenses and more drops to the bottom line and over time it compounds. Inflation is very positive for real assets. I can keep on going but BAM is a undervalued high quality company who owns core backbone infrastructure which can compound at high rates for decades. Its my favourite type of business to own. btw: I just added to my position earlier in the morning.

Bought a starter position in BAM with the proceeds from RFP.

RFP, value was realized and now on to the next investment.

Did you copy my portfolio or did I copy you? hahaha... congrats

A bit more RFP, its now a full position around ~6% of my portfolio.

A bit more RFP, it is now a full position.

Bought more RFP, it's close to a 5% position.

Interview with Prem and Kamesh. -India has 100 unicorns this year -looking to double marketshare in the next 10 years to get their insurance penetration to 5 percent -insurance industry in India is growing 12-15% over the next 2-3 years -Prem thinks the sell-off in the market could have a lot more to go

Citi, 0.6x TBV is very interesting

I recently set-up my uncle's blog using Substack and it was easy and straight forward to set-up. There is no censoring of information which is important and you OWN your content, IP and mailing list

More BABA @ $79

A little bit more of BABA

Added to BABA

Thanks

I added to my position in SBRCY @ $0.93

I added to my position in SBRCY @ $1.495

Small position in SBRCY @ $3

Added to SHOP

2021: Grew my portfolio 68% YoY Biggest winner: Blackberry - Thank you Reddit and Trisura Biggest loser: BABA

@glider3834 Don't forget we still own the real-estate of Toys-r-us Canada. Fairfax also partnered with Kennedy Wilson to buy European, US and Japanese real estate assets. https://www.globest.com/sites/globest/2012/03/13/kw-fairfax-join-for-360m-in-european-assets/

This definitely caught me by surprise and we should ask Prem what happened at the AGM - very annoying!

On one hand you are saying an allocation strategy is a plus and on the other hand you are saying they should not stick based on the current circumstances. You cannot have it both ways. This is Prem's life's work and he is managing the business for the next 50 years, not based on the current market sentiment. As a shareholder, I would obviously love a dutch offer where he takes out 10% of the stock however we do not have the cash nor would I want them to take on significant leverage to do so. I am fine with management's current strategy which I fully support.

I am actually more excited to hold FFH during a slowdown / recession in 2022. The hard market is nearing the end and that would mean the insurance subs will be sending large dividends to the holdco which they will use repurchase a ton of stock. If the stock sells-off, that would be a BONUS for long-term shareholders.