gfp

Thanks. Just on the Lakers comp at a $10 billion valuation - that didn't include ownership of Crypto.com arena right? Lakers are just a tennant of Ansutchz (or however that guys name is spelled)?

I understand the desire to take some off the table at peak knicks excitement but it sort of makes me sad with the Lakers valued at $10 billion and this one being split in two. But its been a great run since last summer

https://www.dataroma.com/m/ins/ins.php?t=y2&am=0&sym=BH&o=fd&d=d

Good stuff - $20 Billion fund in less than 2 years, eat your heart out ackman https://www.wsj.com/finance/stocks/the-24-year-old-ai-wiz-who-counts-jane-street-as-an-investor-1c30d751?st=zmer9Q&reflink=desktopwebshare_permalink

another one from Pat Ryan. He's consistent I'll give him that https://www.sec.gov/Archives/edgar/data/1849253/000114503726000004/xslF345X03/wk-form4_1780919559.xml

Kingswell has a nice piece about the Taylor Morrison deal this morning https://www.kingswell.io/p/taylor-morrison-the-new-kid-on-berkshires?utm_source=post-email-title&publication_id=606464&post_id=201001260&utm_campaign=email-post-title&isFreemail=true&r=oqhe5&triedRedirect=true&utm_medium=email

I'll take a stab at it. An early warning report is required in Canada when a major shareholder's stake in a company crosses some important threshold and needs to be disclosed to the market in a press release. Two things happened that were reported in that press release: First, Fairfax ownership of Blue Ant was diluted because Blue Ant bought Thunderbird Entertainment for stock (issued 5.8 million new shares). That reduced FFH's ownership from 22.5% down to 17.9% of Blue Ant. Then, Fairfax bought 550k additional shares to bring their ownership level back up to 19.9% (probably deliberately staying below 20%). 20% is an important ownership threshold for Canadian regulators.

Like a broken record - I still recommend a Sunday listen to Jordi Visser's free weekly videos https://www.youtube.com/@JordiVisserLabs/videos

No it doesn't but at $6 per share it would fit the bill

My specialty! My guiding star is if you don't want to puke a little and your wife doesn't roll her eyes deeply you do not have a variant perception. Sometimes the best investments you can't even talk about in public because they are so unpopular it would reflect poorly on you and your family. And then there is Berkshire, which you can mention in polite company. And that's OK too

that's great! Looks like Bob Menzies has an awesome collection of restored antique pullman cars and other historic cars. I have some family out that way that would love to take some of the entertainment train rides

you just keep your eye on that gap on MRVL. Once that bad boy closes

Forbes put out an article about Netjets https://www.forbes.com/sites/douggollan/2026/06/05/netjets-is-soaring-after-fixing-warren-buffets-biggest-mistake/

funny day Berkshire up Fairfax up Fairfax India up Constellation Software up Insurance brokers up Boston Omaha up

3 days after usually

Some of you goobers might remember how Berkshire traded before it entered the S&P 500 and how it changed quite a bit as it both became a major index and financial ETF component and also indexing and ETF AUM skyrocketed. Fairfax recently joined an index like a big boy and it will trade a little differently now and that's all fine for people who want to buy or sell depending on the mood of the day

bangalore airport is pretty :: new ferrari ugly

I'm telling ya! Today's orders were $17.80, every nickel lower down to 17.10 and not a single buy order filled. Somebody go out and spread a rumor they put a nepo-baby in charge and scare me up some stock

What are you gonna do when your stopped clock is finally right one day? You won't be able to go shopping with both hands out because you will have no experience actually investing successfully in the stock market and won't know what to buy or how to buy it! The time to build that experience is today so you are ready on judgement day or whatever you are predicting.

Good stuff - thanks for replying.

bearprowler, is there something about how the business is being run or performing that leads you to believe it may do poorly for 5+ years or are you just taking your cue from the year-to-date stock price performance and an example of 7 lean years from quite a while ago? What about the earnings power, capital position, etc - of the company - has you worried?

bearprowler has been clear: they have no interest in buying more as it goes down. they have no interest in selling. they are completely financially secure if Fairfax goes to zero. So obviously that leaves: do nothing When I suggested risk management attention was better directed at the names making new highs since there must be several in a portfolio that is up year to date, it was an unbelievable suggestion. So we will keep it to just fairfax: do nothing.

Why is it unbelievable?

Its probably best to look critically at the stuff at new highs making you feel like a genius than stress about Fairfax at a low earnings multiple and low premium / no premium to book value. A 9% weighting after all these years is nothing to lose sleep over. But if that's big for you, sell down to your comfort level or your spouse's comfort level and the company and I will provide you liquidity.

A lot of the reporting seems to imply Berkshire is buying up here for the first time. Berkshire started building a major position below $200 / share and is adding to an already large and profitable holding. It sucks when a stock you are buying over several quarters goes up but sometimes the worse mistake is anchoring on your starting cost basis and pausing the accumulation and missing out entirely - which Berkshire has plenty of experience in. Now lets have Greg announce full acquisitions of AMRZ and EQT before year end and people might start to appreciate his swagger