Fairfax Benefits of Holding Cash

[berkshiremystery]

John Huber at SeekingAlpha.com wrote some interesting article about Fairfax huge cash pile.

 

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Fairfax: 'Canada's Warren Buffett' On The Importance Of Holding Cash

2013-02-19

 

http://seekingalpha.com/article/1203031-fairfax-canada-s-warren-buffett-on-the-importance-of-holding-cash?source=yahoo

 

Or

 

http://basehitinvesting.com/canadas-warren-buffett-on-the-importance-of-holding-cash/

 

http://static.cdn-seekingalpha.com/uploads/2013/2/18/saupload_Prem-Watsa-Fairfax-Performance.png

 

 

[giofranchi]

Hi berkshiremystery!

Well, in fact I sort of preceded John Huber!  ;D

In the thread “The Waiting Game” I had quoted exactly the same comment by Mr. Watsa!  ;)

 

giofranchi

 

“As time goes on I get more and more convinced that the right method in investment is to put fairly large sums into enterprises which one thinks one knows something about and in the management of which one thoroughly believes. It is a mistake to think that one limits one’s risk by spreading too much between enterprises about which one knows little and has no reason for special confidence.” - John Maynard Keynes