Fairfax 3.0

[Dazel]

[Dazel]

Rest in peace “Alexander Christ” you were a wonderful man. 

[Viking]

3 hours ago, Dazel said:

Sanjeev,

 

... I would take a moment to thank you again for creating this wonderful board. You are good man!

 

Cheers,

 

Dazel.

+1

[Parsad]

On 4/4/2026 at 6:16 AM, Dazel said:

Sanjeev,

 

I have been Too busy buying and moving and shaking to write more! A little time this morning because markets are closed!  

 

Took time yesterday to go through some old files…realizing that the majority of my mentors, market mavens and value investors I follow or knew are dead or nearly there! Wild how fast time goes Sanjeev…just wild. I would take a moment to thank you again for creating this wonderful board. You are good man!

 

Cheers,

 

Dazel.

 

 

 

 

My pleasure!  Literally!  I have a lot of fun...both mentally and economically on this site.  I'm glad you do too! 

 

Cheers!

[Parsad]

On 4/4/2026 at 6:38 AM, Dazel said:

 

On 4/4/2026 at 6:41 AM, Dazel said:

Rest in peace “Alexander Christ” you were a wonderful man. 

 

????  Dazel?

[Dazel]

https://thecanadianencyclopedia.ca/en/article/merrill-lynch-buys-midland-walwyn
 

Alex founded Mackenzie Financial in 1967. He was known “as a legendary stock picker of Bay Street”. My NDA has likley ended but I will respect the Christ family’s privacy that they took great lengths to protect. The piece I showed above just took me down memory lane. Alex has been gone since 2022. 
 

I asked him how did you out fox Prem Watsa in the Midland-Walwyn deal (Fairfax and Prem Watsa lost money selling their stake and Mackenzie killed it). He simply said “Prem did not have the capital I did at that time”. He shared laughter at trying to raise money in the 1970’s and high Praise for Prem coming into the financial industry when it was very difficult. Maybe his greatest asset was he was always laughing and one of the funniest people I have ever met. 
 

Prem might be the only one left that would remember him on Bay Street. 

 

Edited April 6 by Dazel
Spelling

[Parsad]

3 hours ago, Dazel said:

https://thecanadianencyclopedia.ca/en/article/merrill-lynch-buys-midland-walwyn
 

Alex founded Mackenzie Financial in 1967. He was known “as a legendary stock picker of Bay Street”. My NDA has likley ended but I will respect the Christ family’s privacy that they took great lengths to protect. The piece I showed above just took me down memory lane. Alex has been gone since 2022. 
 

I asked him how did you out fox Prem Watsa in the Midland-Walwyn deal (Fairfax and Prem Watsa lost money selling their stake and Mackenzie killed it). He simply said “Prem did not have the capital I did at that time”. He shared laughter at trying to raise money in the 1970’s and high Praise for Prem coming into the financial industry when it was very difficult. Maybe his greatest asset was he was always laughing and one of the funniest people I have ever met. 
 

Prem might be the only one left that would remember him on Bay Street. 

 

 

Great story!  Did not know about Alex Christ.  Cheers!

[Eldad]

Fairfax float per share / book value per share is at like 1.58

 

I went back to BRK 2023 and it was 0.57, 1995 was only 0.21 (less even than now 0.2442)

 

I don’t think BRK probably ever had this kind of leverage. Has anyone looked at every year on BRK? 

[mananainvesting]

I used Chatgpt and Notebooklm to generate these. I haven't double checked the numbers. FYI. Clearly from below, Fairfax has always had higher float to equity compared to Berkshire. 

 

[Eldad]

15 minutes ago, mananainvesting said:

I used Chatgpt and Notebooklm to generate these. I haven't double checked the numbers. FYI. Clearly from below, Fairfax has always had higher float to equity compared to Berkshire. 

 

Cool. Thanks

[mananainvesting]

update: Corrected the Fairfax table to correct for a few non-per share values. The ratio remains the same irrespective. 

 

 

I used Chatgpt and Notebooklm to generate these. I haven't double checked the numbers. FYI. Clearly from below, Fairfax has always had higher float to equity compared to Berkshire.