Fairfax 2026

[SafetyinNumbers]

1 hour ago, Txvestor said:

It's why for me personally while the stock stays at these levels. If they used every dollar of cash flows to keep buying back shares I would be a happy camper. I clearly don't know or can't see the upside in what they are doing with these equity acquisitions and although it wouldn't be a mortal blow to the company if they didn't work out, just like Equity hedges  and shorts did not, it sure would be at a tremendous opportunity cost. Let's say $3B was allocated here, unless it's worth well over $6B in 5yrs or so time. Buying back almost 10% of the company would have proven to be the best alternative. 

How do you define cash flow? Last year they spent a bit less than the dividends from the insurance subsidiaries on buybacks. I think that’s a good estimate for FCF. The insurance companies still need capital to grow and their portfolio turnover shouldn’t have much to do with buybacks except to the extent it creates excess capital. This year they are allowed to dividend up $4b. So far this year they are on pace for over $2b of buybacks.