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On the race to the new milestone: $1,000/share!


Buffett_Groupie
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http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/us$1-000-fairfax-vs-markel/

http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/milestone/

http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/ffh-over-$600-in-toronto/

http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/who's-sorry-now/

http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/hitting-the-jackpot/

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Value over price or the other way around?

 

Excuse me, but am I the only one who thinks the ecstasy and focus on price lately is a bit much? I thought price often diverges from value and thus see little to be excited about if you are a long term shareholder who wants them to compound for decades to come. Wouldn't you rather prefer the stock to stay low so you can buy more or so that management can buy back shares?

 

The other side would be an overvalued stock that they can sell or use as currency in acquisitions but in that case you as a shareholder should sell. By the way, they did exactly that some time ago when the stock was a lot lower than it is now. Food for thought.

 

Maybe I'm crazy for preferring a situation where the stock picks do fine (IBM, SD, XCO, PWE, UPL, BBRY, ...), other investments, business and macro calls do fine and where the holding company stock lags and not the other way around. Let me know if I'm wrong and why.

 

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http://www.cornerofberkshireandfairfax.ca/forum/fairfax-financial/hitting-the-jackpot/

...

 

Value over price or the other way around?

 

Excuse me, but am I the only one who thinks the ecstasy and focus on price lately is a bit much? I thought price often diverges from value and thus see little to be excited about if you are a long term shareholder who wants them to compound for decades to come. Wouldn't you rather prefer the stock to stay low so you can buy more or so that management can buy back shares?

 

 

 

tombgrt

 

I completely am in your camp. 2010-13 were great years for me to build a large position in FFH.  I am in no hurry for FFH to hit 1000 soon. I think they are doing the smart thing by buying insurance operations across the world ( lower combined ratios and higher quality companies at lower prices) . Their equity positions always make me uncomfortable , but that's why I hold both FFH and BRK in my portfolio..

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