TorontoRaptorsFan

It's nicely laid out. Good job!

Hi Eric, Why not buy just BAM since they have an ownership stake in a slew of their spinoffs?

I'm a fan of Chernow's work. His latest must read book on Ulysses Grant just came out today. https://www.amazon.com/Grant-Ron-Chernow/dp/159420487X/ref=sr_1_1?ie=UTF8&qid=1507649655&sr=8-1&keywords=grant

He should just hold a bunch of blue chip stocks like JPM, BAC, C, BRK-A/B, BAM, etc...etc...sort of be like Davis, Weitz, etc.

The Valeant debacle burned them really badly that they're now spreading their bets around instead of concentrating their positions. Guess the investment committee is around to do checks and balances...

Chipotle (CMG)

It's a very scary fact that there are far too many unqualified students going into law school and ending up with no job (forget about legal profession) and A LOT OF DEBT. I guess the same could be said about MBA students. My brother just graduated with his masters degree in tax law and was saying it's a huge problem especially amongst schools with poor reputations who are churning out graduates with no end in sight.

Of course you won't. I won't either. But when the total cost of not owning a car and using a car service instead saves you 5-10X per year over the cost of buying/maintaining a new car then the next time you need a new car you may choose not to buy one, but rather sell your used car for what you can get for it and sign up for the car service instead. Hence why all the big tech players (Google, Apple, Microsoft, etc) see it coming and want a piece of the pie. They'll roll out ride sharing naturally in larger cities (NYC, London, Tokyo, LA) and then roll it out elsewhere. At some population point it doesn't make sense (less than <25,000)

It's a waste of time to debate politics on message boards. If people are so concerned about making a difference run for office.

I've been looking at it too. They now have a product to compete against Square and charge a lower processing fee.

At the Fairfax/Premier dinner someone asked an excellent question to the Fairfax management team as to why they didn't purchase or make more investments in a See's Candy type business and instead waste them on investments like Canwest, GM, Torstar etc. What would make me happy is if they aimed for more singles and doubles (Apple, Brookfield, etc) than placing bets on companies like Torstar and GM. I really enjoy investing in companies which are well run, name brand businesses getting temporarily beaten up (Chipotle) and Fairfax is at that point I feel now to do extremely well going forward.

Apple

I became a minimalist a couple of years ago. Best move I ever made. Buying fewer items but of the highest quality has served me well. I hope to be mortgage free within a year or so. Then really looking forward to seeing what the future holds...

Hi Sanjeev, I would like to thank you and Alnesh for being gracious hosts at the Premier/Fairfax dinner a couple of nights ago. I appreciate all the hard work you've put in for a worthy cause. I enjoyed the speaker lineup you put together. And dinner was terrific. It was great making new friends and seeing ones from previous years. Thank you again, Anthony

Until interest rates climb it will be status quo.

Ok I signed up. I'm sure one or two ideas will easily pay back the subscription price.

The last Garth Turner blog talked about the Real Estate Expo in Toronto... :o http://torontolife.com/real-estate/think-going-go-even-sky-high-wealth-expo-attendees-talk-torontos-housing-market/

The money raised is going towards a great cause. Sanjeev and Alnesh devote a lot of time to plan this event and it's always been a success! I look forward to seeing everyone again and hearing some wonderful speakers. I usually sit at a random table and find someone fascinating to talk to. Last year it was Jake Rosser from Coho Capital who is extremely smart and was kind enough to share his ideas with me.

Sanjeev, I truly appreciate all the hard work that you, Alnesh, and your team do in putting together this dinner. We look forward to making another donation for the dinner and the worthy cause it's going to support. I look forward to seeing you again next month.

Scott, with all the in-fighting going on perhaps you need to host a "Festival of Friendship" 8)

You're still obsessing about these political threads? If you had spent more time obsessing about your investment portfolio you would have done better than -9% last year! Nonetheless I always enjoy reading your posts. I just hope you vote next time.

please don't slander my country, the majority of americans do not approve of trump's initial days in office. http://fortune.com/2017/01/29/donald-trump-approval-rating-gallup/ It's still early days for Trump's Presidency. Perhaps the better analysis is to judge it 4 years from now. Besides if you took a poll of those living in the Confederate states before the Civil War I'm sure Lincoln approval ratings would have been dismal. Oftentimes whether you agree or disagree leaders have to make difficult decisions. Hindsight is always 20/20. Personally I think way too many people here are getting bent out of shape for no reason at all especially those who have no way to influence policy making decisions.

I think that would be a very good game. Dallas has been fun to watch this year. Raiders could be a dark horse!

Yes he was a megalomaniac but look what happened when they got rid of him, Gaddafi, and Assad (barely). Those creeps were a system of checks and balances in the region. When they disappeared chaos, ensued.

I should also add that Nike continues to build up an extensive patent portfolio which will allow them to stay several steps ahead UA & Adidas. http://www.investors.com/news/a-nike-apple-watch-an-under-armour-baseball-line-patents-hold-secrets/