Alekbaylee

War is Peace, Freedom is Slavery. ;) Seriously though, haven't heard about any protests/demonstrations like in Argentina a few years ago.

Ironically, the gov. says this is meant to fight (hyper)inflation... ???

Just after Japan. Who's next : Euro? http://ca.finance.yahoo.com/news/venezuela-devalue-currency-225536717.html Wonder how local population cope with that and react to it!

Anyone knows why FFH does not have BAC? He sold 40% of WFC according to Datorama... wonder if he has any particular concerns about banks...

Meanwhile FFH SP took a dive, probably because of ex-dividend...

"here is little the government is doing to stop them, because it just makes it easier for the government to track us as well." Exactly! Few people realize that! It's freaking frightening!

Bet you a billion $ it won't happen... ;D

Couldn't have said it better!

+1

http://www.nasdaq.com/article/wilbur-ross-bank-of-ireland-bet-surges-buys-nbnk-stake-to-venture-into-euro-banks-next-cm198884

http://business-standard.com/india/news/canadas-fairfax-may-float-nbfc/495184/

Except for NA, things are getting bad almost everywhere. Japan is falling into recession again. EU is in trouble for a long time. And now some are predicting a 20% drop in Oil price if OPEC does not reduce production. http://business.financialpost.com/2012/12/06/oil-prices-may-collapse-if-opec-delays-production-cuts/ If this occurs prices/inflation should also drop considerably. Is this what Fairfax/Prem have been foreseeing for a long time?

This idiot should be parking cars not talking about stocks. - Please don't insult parking staff! ;D

Interesting article on cargo ships powered by huge kits... http://www.nytimes.com/2012/08/28/science/earth/cargo-ship-designers-turn-to-wind-to-cut-cost-and-emissions.html?_r=0 The company says that depending on wind conditions, fuel consumption can be reduced 10 to 35 percent. SkySails has installed its giant kites on six ships, and Cargill, the world’s largest charterer of dry bulk carriers, has announced plans to install the latest SkySails technology this year on its ship the Aghia Maina. This plus conversion to natural gas could help lower GHG and costs significantly.

"The FBI,” he says, “thought it was brilliant.” - Well, if the FBI hadn't thought about it, it's alarming - I mean it's their job to find "brilliant" ways of getting their man, no? Wonder if the FBI helps any "ordinary" citizen that gets robbed or it depends on the valuables ($$$) lost in the process...

I'd give her a B in creativity and and F in originality. LOL! Seriously though, why is Fairfax/Prem so hated in the US business press (or a part of it) is beyond my understanding. It's as if someone has set the pack on a beast!

http://www.businessweek.com/news/2012-10-29/european-insurers-drop-as-u-dot-s-dot-prepares-for-hurricane-san Insurers including Travelers Cos., Swiss Re AG (SREN) and Munich Re fell as the U.S. east coast prepared for Hurricane Sandy, which may cost the industry as much as $6.3 billion, according to Kinetic Analysis Corp. Claims may be about $3 billion should the winds remain a relatively weak Category 1 storm, Croce said. At that level the losses are unlikely to reach reinsurance limits, meaning claims will be borne by primary insurers, he said. Primary insurers such as such as Allstate and Travelers typically buy reinsurance from firms including Munich Re and Swiss Re to protect themselves against losses. Lloyd’s of London insurers such as Catlin sell both primary insurance and reinsurance. Insurers’ capital reserves remain “fat” as they have not had to pay for any severe losses in 2012, according to Eamonn Flanagan, a Liverpool, England-based analyst at Shore Capital Group Ltd. (SGR) Firms such as Beazley Plc (BEZ), Hiscox Ltd. (HSX) and Lancashire Holdings Ltd. (LRE) may reduce planned capital returns to shareholders to pay for losses and take advantage of higher premium rates following the storm, he said.

Fairfax has purchased 70,116 of its subordinate voting shares during the last twelve months at a weighted average price per share of Cdn. $401.20. I'm glad they did and hopefully they're taking advantage of the depressed share price. http://www.marketwatch.com/story/intention-to-make-a-normal-course-issuer-bid-2012-09-24-81733122

Interesting macro-perspective : http://afr.com/p/business/companies/australian_former_aig_insider_warns_abxS6ce7T59MFeLv8TPmaN

LOL! +1 SouthernYankee, is that you!?!? We missed you!

Interesting, although nothing new and the journalist makes a few mistakes with the numbers. http://www.investmentnews.com/article/20120918/BLOG06/120919939

http://www.nytimes.com/2012/09/15/business/money-laundering-inquiry-said-to-target-us-banks.html?pagewanted=all

Haha, I was just thinking that too! ;D I think they're geniune women. Wonder who checked the box "Don't waste my time!" though.. ;D

I wonder how many famous value investing male ladies there are... LOL! Good catch Mikazo!

I think Norm was being sarcastic here...