Fairfax 2026

[Viking]

12 minutes ago, Txvestor said:

I don't know if it's intentional or not, or perhaps related to their bigger size allowing it, but I do see them doing more private equity type investments, a lot more control investments, or atleast having significantly more board representation rather than minority public market positions.
An obvious exception to this being their recent position in UnderArmour. 
The lost decade errors not withstanding, I see them as vastly superior capital allocators than pretty much any of their investee management, who tend to be more operators.
So their closer involvement is a good idea in this sphere. AGT foods recent balance sheet restructuring is a good example. 

I think Wade Burton talked about public versus private on the most recent conference call (strengths and weaknesses of each). I think he said they are agnostic - they want the best investment. The more I hear Wade talk the more I like him. Very logical and rational. 

[Parsad]

Not sure how many people know this, but Francis would have been the first and probably only mutual fund manager to have bought CDS for his funds, if the regulators had been a tiny bit faster in approving his request. 

 

Francis had made a request to regulators to allow him to buy CDS in the Chou Funds, but by the time regulators approved the request, the CDS prices had started to move.

 

He was also instrumental in Brian and Fairfax looking at the CDS in the first place and buying more as things started to look worse.  Cheers!