Gopinath

Well said, I also personally think they are in a very favorable period in terms of their success rate (most of their recent investments and interest rate calls have worked much better than their 60% odds), one should be cautious of projecting the recent performance into perpetuity. Regardless of their recent great performance or lack thereof in the previous period, their performance going forward will be decent but volatile as they happened to be in insurance and commodity type businesses.

I think Francis Chou is more experienced with lumpy insurance results (long association with FFH), with a lot of experience with fixed income investments and generally have more patience/better temperament than MP.

Yes, I think its acceptable to me if they pay me in $FFH shares.

We have the similar experience with GEICO price increases, we decided to switch to Progressive as they quoted similar prices to our previous Geico premium. We even reached out to Geico for a price match, Geico couldn't even come closer on the negotiation. GEICO definitely lost us, one of the long term customers and never had any accident claims history.

Discount will be there may be a popular sentiment (otherwise it won't trade at a huge discount now), but how much is the question relative to their compensation? The current discount is too large, whichever way you want to capitalize that fee/incentives. Out of 700 planes (both arrivals and departure) daily, ~100 of them are international. Its a small pie relative to the domestic, it collects more than 4 times average fee per passenger relative to the domestic customer. It will eventually grow both the customers and fee per customer over time as they are doubling the capacity in the terminal and runway. They can bring in cash as they wish, plenty of ways to monetize these assets partially. They are in the process of splitting 'Fairchem'. They are considering taking the airport public when the valuation and opportunity makes sense. Although the profits are not streamlined up to the FIH, each business stands on their own cash profits and growing without needing support from FIH. I would be surprised if they don't raise money from other investors and get paid somehow if they prefer that over time. Current possibilities seem difficult as both the discount in asset value vs assets in the holding company. It would be a stretch to think FIH will become an asset light fee generating entity with other people's capital in the near future.

Here is a recent write up of mine. http://valuealert.blogspot.com/2020/05/attractive-opportunity-to-participate.html

I do. Send me a private message with your email id.

Sajeesh, I agree with a hassle of moving from one to another. Yes, Interactive brokers allows the stock purchases in NSE exchange(only). I think you can have as many brokerage accounts you want, although you would have to check with them(they might have some limitation)

I have accounts with Interactive Brokers India and ICICI Direct. I am happy with both of them although ICICI Direct charges more for brokerage than anybody else.

I have decided to go to the shareholder meeting this year, I am looking for places to stay in Omaha between 29th April-2nd May. Just a thought: Any one has a hotel room/accommodation that I can share/split with? Thanks in advance!

Hi guys, Anyone setup an RIA in Washington DC? I would like to pick your brain on few questions regarding RIA setup! Thanks Gopi

I am trying to use the screener in bloomberg terminal, what is the key word for insider holding? For example, how to pull the companies list with insider holdings of more than 10%. Thanks! Gopi

Saurabh, You are doing a great job with these interviews. I applaud you for your efforts! Of course I am benefiting enormously!

Hi Members, I am trying to collect historical data for back testing some of the key variables that I think are important to predict the future performance of their companies/stocks. For Example, Assumption: Lets say the insiders large ownership in the business makes the stock/business worth valuable over time. I would like to collect data for all companies to see if there is any positive correlation between insider ownership and stocks/business value over time and also relative to the other companies(which don't have high insider ownership) performance. The other variables that I am interested in High Return on invested capital Low Debt to Assets and equity Low capital intensity continuous stock repurchases. I like to see if anyone has done this kind of study before. Any help on collecting data would be greatly helpful to me. Feel free to send me a pm for further if you prefer. Thank you so much! Gopinath

Mephistopheles, Where do you see Eddie's position in IBM? I am curious to learn. Thanks!