Partner24 Posted April 23, 2009 Share Posted April 23, 2009 The FFH AGM presentation is available! http://www.fairfax.ca/Assets/Downloads/2009_AGM_Slide_Presentation.pdf I think it's one of the best that I've seen so far from Fairfax. I like the long term numbers, the strenghtened balance sheet, etc. but furthermore I really like their values and their culture. I guess there is less than 10 businesses in that I know with whom I want to be a long term business partner. Fairfax is one of them. 6 years ago, it was the first stock investment that I've made in my life. I guess I was a better investor then! :D Needless to say, I still have those shares and then some. Cheers! Link to comment Share on other sites More sharing options...
gaf63 Posted April 23, 2009 Share Posted April 23, 2009 Thanks Partner , been waiting for this, G Link to comment Share on other sites More sharing options...
Uccmal Posted April 23, 2009 Share Posted April 23, 2009 Hi Partner, I guess great minds do think alike. A. Link to comment Share on other sites More sharing options...
link01 Posted April 23, 2009 Share Posted April 23, 2009 thnx, partner. i might have missed this otherwise (and i'm glad i didnt). Link to comment Share on other sites More sharing options...
Partner24 Posted April 23, 2009 Author Share Posted April 23, 2009 I deserve no credits for that. :) Thanks to David for informing me that the AGM presentation was available via email. Cheers! Link to comment Share on other sites More sharing options...
Mungerville Posted April 23, 2009 Share Posted April 23, 2009 For anyone that was at the AGM, on slide 35, what was the reason for the red bar labeled "GAAP" - did they explain that as the US P&C surplus which would have been eroded had a change in GAAP not occurred and therefore you need this additional portion to make it comparable to the three other periods where erosion of surplus occured? Or some other explanation? Link to comment Share on other sites More sharing options...
Parsad Posted April 23, 2009 Share Posted April 23, 2009 I believe it had to do with mark-to-market accounting changes in GAAP. The orange bar would have been where the decrease in surplus would have been before mark-to-market. With the change in GAAP, the decrease in surplus is considerably more as assets will be marked down. I believe that was what was implied. Cheers! Link to comment Share on other sites More sharing options...
Mungerville Posted April 24, 2009 Share Posted April 24, 2009 Thanks, that's what I figured. We are on the cusp of a hard market - if only the stock market could go down another 30%, that would guarantee it! Bad is good. Link to comment Share on other sites More sharing options...
Mungerville Posted April 24, 2009 Share Posted April 24, 2009 Sanjeev, You have been doing a great job here with this board for so many years. I really wanted to go to the AGM this year to hear all the interesting talk at the dinner, etc. (I was fortunate enough to be able to meet with Prem for the first time a few weeks earlier on other business so I made the mistake of convincing myself that that was good enough) but most importantly to meet all of the great board members you have assembled as well as yourself in person. Things transpired against me as I had a heavy travel agenda which is not typical for me. Link to comment Share on other sites More sharing options...
Parsad Posted April 24, 2009 Share Posted April 24, 2009 Well, the good thing Mungerville is that you will have plenty of more chances to come to Toronto. We have it each year, so anyone who wants to come can. The more the merrier! Although, next year I have to arrange to get a portable mic somehow, because even though we have a semi-private room, there is still plenty of noise and the people in the back can barely hear anything the guests say. Especially Francis who speaks quite softly! Cheers! Link to comment Share on other sites More sharing options...
Smazz Posted April 28, 2009 Share Posted April 28, 2009 Edit: Let me rephrase my question: Does anyone have the info on Equity hedges currently? Are there absolutely no hedges remaining on the equity portfolio? Link to comment Share on other sites More sharing options...
T-bone1 Posted May 4, 2011 Share Posted May 4, 2011 Can someone please repost the link to the 2010 Fairfax AGM slides, I can't seem to find it. Thanks! Link to comment Share on other sites More sharing options...
QLEAP Posted May 4, 2011 Share Posted May 4, 2011 Found it on scribd http://www.scribd.com/doc/30813201/Fairfax-2010-AGM-Slide-Presentation Link to comment Share on other sites More sharing options...
T-bone1 Posted May 4, 2011 Share Posted May 4, 2011 thanks Qleap! Link to comment Share on other sites More sharing options...
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