What are you buying today?

[Marco Van Basten]

3 hours ago, Spekulatius said:

Actually a 100% premium in 10 years means 7% annually without NAV increasing. Now assume NAV increases by 8% annually (just to pick a reasonable number) than a 100% premium in 10 years gives you a great return.

I should have phrased it more clearly, I mean 100% premium to today's stock price.  

[Saluki]

Picked up a few shares of VG to start to build back a position. Sold 90% of it at $14.33 recently, but price is reasonable again. Got a fill on a VG 2028 call in the A.M., and a few more bids which haven't been hit. 

[dipod]

Bought some NVO common stock. 

[Paarslaars]

Thought I bought BITF calls 2 weeks ago, bit mistakenly bought BTCS instead. Down 30% instead of up 300%... Just my fkn luck.

[Spekulatius]

EXO, Odet, AZE and a bit more cement for my portfolio (GCC)

[formthirteen]

CPRT, BOL.PA

[lnofeisone]

12 hours ago, Saluki said:

Picked up a few shares of VG to start to build back a position. Sold 90% of it at $14.33 recently, but price is reasonable again. Got a fill on a VG 2028 call in the A.M., and a few more bids which haven't been hit. 

Same. I trade around a core position and start loading about under $10. 

[lnofeisone]

10 hours ago, dipod said:

Bought some NVO common stock. 

I sold shorter-end puts and bought a vertical that goes into earnings. 

[dipod]

More NVO common stock 

[mananainvesting]

Added to my $FFH.TO/$FRFHF position

[formthirteen]

PGR

[gfp]

21 minutes ago, mananainvesting said:

Added to my $FFH.TO/$FRFHF position

 

Yeah, I bought some more FRFHF at the close as well.  There was a seller offering plenty into the close.  My two largest positions, BH.A and FRFHF, traded at the exact same price (per share) at one point today.  It will be interesting to see how they do into the future.  I wouldn't buy BH.A here but I would (and did) buy more Fairfax.

[Munger_Disciple]

25 minutes ago, gfp said:

 

Yeah, I bought some more FRFHF at the close as well.  There was a seller offering plenty into the close.  My two largest positions, BH.A and FRFHF, traded at the exact same price (per share) at one point today.  It will be interesting to see how they do into the future.  I wouldn't buy BH.A here but I would (and did) buy more Fairfax.

 

Does Biglari still siphon off 25% pf BV increase from shareholders?

[gfp]

1 minute ago, Munger_Disciple said:

 

Does Biglari still siphon off 25% pf BV increase from shareholders?

 

Now that he's finally bested his high water marks he does.  25% after 6% annual hurdle with a high water mark.  I bought the stock at a time he had to make a ton of money before he would get an incentive.  At this point he is probably above the high water mark on most of the buckets of value.  Definitely at Holdings and Lion Fund 1, probably not at LF2.

[Munger_Disciple]

4 minutes ago, gfp said:

 

Now that he's finally bested his high water marks he does.  25% after 6% annual hurdle with a high water mark.  I bought the stock at a time he had to make a ton of money before he would get an incentive.  At this point he is probably above the high water mark on most of the buckets of value.  Definitely at Holdings and Lion Fund 1, probably not at LF2.

 

Thanks 

[thowed]

Couldn't resist adding to FFH under 2450 - I take comfort that they're buying back shares at this price.

Also picked up a bit of TOI under 270 - not cheap, but nearly at price it was when Asseco stake was bought at end of January.

[Spekulatius]

Got a fill for a starter in AON this morning for $340 and change . Also just a bit more $BRO for $90 and change .

 

Must have been $MMC muted report that screwed the pouch.

[Castanza]

9 minutes ago, Spekulatius said:

Got a fill for a starter in AON this morning for $340 and change . Also just a bit more $BRO for $90 and change .

 

Must have been $MMC muted report that screwed the pouch.

 

I added to BRO, AJG, AON, RYAN, and MMC

[Junior R]

added cb

[KPO]

A bit more WY 

[thowed]

Added to BRO.

[Malmqky]

Added to BRO as well

[Zemergefen]

Starter position in RYAN

Edited October 16, 2025 by Etai Feigenbaum

[Malmqky]

Added a bit to MGM as well

[gfp]

I’m buying a lot of Fairfax today. Good stuff!  Keep it coming