buylowersellhigh

Thanks everyone for the information. Much appreciated.

Do most American investors on the board own FFH.TO or FRFHF? Any guidance on whether a taxable account or tax deferred is better? ADR fees, etc. TIA, BLSH

DWDP calls

Katherine Graham's autobiography is pretty good. Just finished it.

What securities do u like in India? Any suggestions? Not set up for trading in India yet.

Any good forums/websites to discuss stocks on India's Stocks Exchange?

Is there a gathering of CoBF members before the Fairfax Annual Meeting? Usually I see a message posted. Or too early? TIA, BLSH

any takeaways from Fairfax India's AGM?

Does anyone have a sense of spreads on RE loans from late 2014 to Sept 2015 or thereabouts? Obviously, this is a broad brush question. Did spreads tighten 200-250 bps? Is there any data out there to corroborate or refute this? TIA, BLSH

So is the credit quality of the portfolio the main reason a portfolio's value of floaters would go down?

Could you have a scenario where discount rates used to value such a portfolio move from ~4% to 7% without deterioration in credit quality? So if risk free rates move up or credit spreads move up or combination of both, correct? The value of the portfolio would go down, but credit quality might be okay.

CofBF, How does one go about valuing a portfolio of loans whose cash flows are based on a floating rate index? So a bunch of commercial loans based on LIBOR plus a fixed spread. What is the methodology to determine the discount rate in this instance? Does the spread on the underlying loans have any reflection on the discount rate used? TIA, BLSH

Rishig, What do you think of FFH here? TIA, BLSH More on this topic:

Scott, Why MAR? What is your thesis? Curious, as you like long-term compounding machines... BLSH

Are you a buyer of KRFT?