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Patrick Ryan bought another $14m worth of RYAN specialty https://www.sec.gov/Archives/edgar/data/1849253/000114503725000003/xslF345X03/wk-form4_1757938659.xml Most insider buying windows close in a day or two (two weeks before end of quarter)

Oh come on give me a break. There is nothing wrong with having 30-50% in one stock, especially Fairfax. Grow a pair Dinar! This board is filled with people over diversifying into 1% and .5% positions that will never make a difference in their track record or their financial position. If you make a high conviction investment and it works out it will become a very large position. How many Berkshire shareholders should have started selling in the 70's and 80's by your logic? Keep an eye on what you own and make a change when you don't want to own it anymore. Not because it got big through its own merits. I routinely own 40% plus positions in single stocks. Trust me it is better than owning 30 of your worst ideas.

https://www.fairfaxindia.ca/news/ there is an option to "subscribe to our press releases" on the left side

https://www.fairfaxindia.ca/press-releases/fairfax-india-announces-sale-of-equity-interest-in-saurashtra-freight-private-limited/?utm_source=newsletter&utm_medium=email&utm_term=Fri+Sep+12+2025&utm_campaign=Fairfax+India+Announces+Sale+of+Equity+Interest+in+Saurashtra+Freight+Private+Limited (purchased in 2017) https://www.fairfaxindia.ca/press-releases/fairfax-india-to-acquire-51-of-saurashtra-freight-private-limited-2017-01-16/ something like an 11.2% annualized return (in USD terms) if there were no distributions during the period. Better if there were (~14.8% in INR terms)

I had an order in the other day to buy some FRFHF at $1699 usd and it never executed - checked the low of the day and it was $1699.42 that day. Oh well

TNX with a 3-handle... Thank god they balanced the budget and satisfied those powerful bond vigilantes.

It's not the first time. My iPhone 16 Pro Max was made in India.

The feeling goes away when the $130k becomes a rounding error on your accounts. At the end of the year when you are up $800k or 2m or whatever but it would have been $150k higher with no pool you will not care about the pool. If your kids get swimming scholarships you'll be psyched. If someone drowns, you will regret the pool. The money you will barely remember you spent. Even my UPS driver spent $80k (USD) this year putting in a nice pool. UPS drivers make a ton of money at his age. How do you put a price on getting to see your grandkids like 3x as often 'cause you're the house with the dope pool?

Aren't they directly tied to the Fed Funds rate?

Just checking in with my bond bears.. What ever happened to @Blake Hampton ?? Were 5% yields a risky place to buy treasury securities or did they just magically balance the budget or what? (also sorry Cubsfan for recommending you to close out your position a little early - I honestly am expecting a re-acceleration in PMI type real economy mo-mo)

https://www.insurancejournal.com/news/west/2025/09/08/838395.htm

Adrian & Blissfield sold in 2021 to Chris Bagwell's Transportation Holdings llc and isn't traded anywhere that I know of

I haven't sold out of FIH and own quite a bit. Not as much in dollar terms as Fairfax Financial but enough. I just don't want to own it outside of IRAs in the United States and I don't have any cash in any IRA I manage presently. If FIH keeps going down I suppose I will find something to sell to get some efectivo

I ran out of money hsmpanl - ain't got a square to spare in a tax deferred account and I don't want to own FIH in a USA taxable account

No they got paid back / redeemed on that preferred stock investment a long time ago

I live in one of the most violent dangerous cities in the United States, although we are currently on an upswing in peace and quiet like most bad cities. We choose our vehicle differently depending on where it will be parked. I would never leave a bicycle locked up outside anywhere in New Orleans overnight. In the months after Hurricane Katrina we had a very large national guard presence policing our streets. We had checkpoints with hummers and machine guns and the whole nine yards. Curfews. Personally I didn't mind it much but there is a lot of local nuance that a bunch of national guard soldiers that aren't from the area are going to be clueless of and that part was annoying. Since the NOPD is understaffed by a large margin, the only thing that has worked to improve safety in New Orleans is a comprehensive high definition video surveillance program called Project Nola. It uses facial recognition and firearm recognition to let a multi-agency group of law enforcement people know when a wanted person is walking into a convenience store in the French Quarter or when someone pulls an assault rifle out of their pants. This system makes all the big-brother-surveillance state people VERY nervous but it has been extremely effective in our tiny city. I know for sure that a system like this is way more effective in reducing crime than a bunch of non-local soldiers standing around with combat gear on just to show a presence. https://www.projectnola.org

Oh man I remember that like it was yesterday. The TV anchor asked Warren "how he felt" and he deadpanned, "poorer."

I figured it was something very similar to that but knew someone here would have the exact answer. According to my trusty artificial intelligent assistant - " The two fee structures charge the same dollar fees when the annual gross investment return is 36%. Below 36% (but above 6%), Class A charges more. Above 36%, Class I charges more. "

Suri are you looking for an Indian book / author or a western one? I think the bruised blue chip catchphrase may be an India thing

It seems like Greg Abel is doing some of this grouping of Berkshire's subsidiaries under the more talented management of one of the subsidiaries. We just saw it in the formation of "BH Jewelry Group" which was Helzberg management taking over at Ben Bridge (and probably eventually others). And I just noticed they had done this with most of their Shoe holdings (not including Brooks Running). https://www.berkshirehathawayshoes.com I also learned that Dexter (not dead yet!) sells the number one bowling shoe (probably not the number one rental bowling shoe). A small market to be sure. press on BH Jewelry - https://www.jckonline.com/editorial-article/berkshire-hathaway-ben-bridge/ https://professionalwatches.com/warren-buffetts-berkshire-hathaway-forms-bh-jewelry-group/ https://www.jckonline.com/editorial-article/helzberg-ben-bridge-teaming/ Warren had earlier done some of this, leaning on management talent at Marmon group to run divisions that needed supervision and, I believe, even providing initial management oversight for Duracell. Just interesting to see the changes. Greg's a busy guy - fewer reporting companies is going to make his job less impossible. Also, rat poison company showed up on the website https://berkshirehathaway.com/subs/sublinks.html

I didn't get all the way through the article but I'm not sure the author understands what the "eurodollar system" actually is. He seems to think these are actual dollar deposits that just happen to sit overseas. They are not. They are overseas bank creations that just happen to be denominated in US Dollars, like one might use the metric system as a unit of account in other fields. Bank money. And post-GFC there is a ton of collateralization required to transform what you got into what you need so I don't think this offshore "dollar" money system is somehow leaving Bessent's treasury market out. Pre-GFC it was much less collateralized and much more relationship based. Counterparty trust evaporated quickly. The eurodollar system's chief utility seems to be its extreme elasticity. People like to dream of hard money replacing our current system but elasticity is a really important feature.

Charlie Munger #2, why not just reinvest in increasingly cheap and attractive KTBA? The cheaper the better for reinvesting the distributions from your fixed income portfolio right? Why would you want a strong market price unless you were interested in selling?

If you can make an exception they aren't limits!

why not take it all for yourself ?

Be careful if you buy a tiny illiquid expert market bond inside a trust preferred you will have no liquidity unless you spam the internet to generate a bid when you need some money. After creating 3 or 4 separate threads here to do this, all in "general discussion" for some reason (maybe because "investment ideas" is behind a paywall?), you will disappear until you need a bid again to let everybody know about the opportunity. We used to call it being a "stuckholder" instead of stockholder. Otherwise, you can wait patiently for maturity.