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Posted
6 hours ago, frommi said:

selling my Utils and REIT's to buy more CSU and Adobe.

With you bidding up the shares, how are the rest of us supposed to get a good price?  Just kidding.

Posted
4 hours ago, KPO said:

Back to buying UNH & CI

There is a real good podcast from Eisman about health insurers with an analyst as a guest. Highly recommend , especially if you are bullish UNH.

FWIW, the analyst at his podcast is not, and clearly system why.

 

Posted
45 minutes ago, Spekulatius said:

There is a real good podcast from Eisman about health insurers with an analyst as a guest. Highly recommend , especially if you are bullish UNH.

FWIW, the analyst at his podcast is not, and clearly system why.

 

Thanks for sharing. I’ll check it out.
 

Outside of a trading position in CVS I had no exposure to this sector until May of last year, so have tried to slowly build exposure on dips by taking a basket approach (MOH, CNC, UNH, CVS and CI).  CI is a different animal given lack of Medicare and Medicaid exposure, so a bit of a hedge on the others, and I’m looking at UNH as a breakup candidate. The positions are sized such that MOH and CNC only make up about 20% in total given the higher risk profile, and CI and UNH are of similar size. We’ll see. Recently started building a basket in the payment processors, and then potentially on to software if valuations compress further. 

Posted

It looks like my limits on SKYH triggered this morning and now I'm a potential bag holder of SKYH now.  May the rich stay rich while using their private planes so us peasants can at least get some breadcrumbs.  "Let them eat cake"

Posted
On 3/18/2026 at 4:56 PM, backtothebeach said:

Just reversed this "pair trade" early.
image.png.1db7dfe8a96fd072f6ab5c57cedb10b5.png

Probably could have waited for the prices to cross, but this was way too quick! In only 12 days:
FFH 2217 -> 2416
CSU 2928 -> 2580

 

FFH share price now above CSU...if only I had more patience.

Posted
53 minutes ago, nsx5200 said:

It looks like my limits on SKYH triggered this morning and now I'm a potential bag holder of SKYH now.  May the rich stay rich while using their private planes so us peasants can at least get some breadcrumbs.  "Let them eat cake"

 

😅 @nsx5200, That's awesome humor, and then even on a Monday! 😎

Posted

Started a small position as a tracker in BUR. I've traded out of this name a couple times with profits, and I haven't caught up on my research. I think it's an interesting core operating business, but it's always had this YPF SOTP discount/lottery ticket valuation. It seems probable that the current price is less than the value of the operating business, but I'm just dipping in until I catch up on a couple years of developments. 

Posted

I’m curious if investors here have Fairfax Financial FFH on their list to buy on a further drawdown that don’t own it already. I don’t want to hijack the thread but the audience here seems ideal. I had an interesting discussion in the The MacroTourist substack chat yesterday with someone who has this plan and it made me curious if this is a common view.
 

I own a bunch but have added 9% to my position this year. Despite that it’s gone to 56% of my net worth from 59%. As you can see, I don’t have the discipline that you do if you are in this camp!

Posted
1 hour ago, SafetyinNumbers said:

I’m curious if investors here have Fairfax Financial FFH on their list to buy on a further drawdown that don’t own it already. I don’t want to hijack the thread but the audience here seems ideal. I had an interesting discussion in the The MacroTourist substack chat yesterday with someone who has this plan and it made me curious if this is a common view.
 

I own a bunch but have added 9% to my position this year. Despite that it’s gone to 56% of my net worth from 59%. As you can see, I don’t have the discipline that you do if you are in this camp!

 

Fairfax is on my "buy on a huge drawdown" list.

 

I bought some for a quick flip when that short report came out during their quiet period and sold it after the earnings bump.

 

I expect to make a few similar type trades in the future on bigger dips.

Posted
1 hour ago, bizaro86 said:

 

Fairfax is on my "buy on a huge drawdown" list.

 

I bought some for a quick flip when that short report came out during their quiet period and sold it after the earnings bump.

 

I expect to make a few similar type trades in the future on bigger dips.


So relatively short holding periods. More of a swing trader vs long term investor?

Posted
4 hours ago, SafetyinNumbers said:

I’m curious if investors here have Fairfax Financial FFH on their list to buy on a further drawdown that don’t own it already. I don’t want to hijack the thread but the audience here seems ideal. I had an interesting discussion in the The MacroTourist substack chat yesterday with someone who has this plan and it made me curious if this is a common view.
 

I own a bunch but have added 9% to my position this year. Despite that it’s gone to 56% of my net worth from 59%. As you can see, I don’t have the discipline that you do if you are in this camp!

I am somewhat in this camp. I say somewhat, because I already own a very small amount. I would definitely buy more if a drawdown occurs. But I’m in the US and, by my understanding, it only really makes sense for me to own it in a tax-free account. So, while I would buy more, I am externally constrained on how much I own (by how much tax-free buying power I have). 

Posted
46 minutes ago, Rainier said:

I am somewhat in this camp. I say somewhat, because I already own a very small amount. I would definitely buy more if a drawdown occurs. But I’m in the US and, by my understanding, it only really makes sense for me to own it in a tax-free account. So, while I would buy more, I am externally constrained on how much I own (by how much tax-free buying power I have). 

Why only in a tax-free account? No withholding tax on capital gains and the dividend is minute (so not much hit, and one still gets only 15% withholding due to treaty)

Posted
4 hours ago, SafetyinNumbers said:


So relatively short holding periods. More of a swing trader vs long term investor?

Investor community membership

 

 

I do both, although I'm getting more long term quality businesses as time goes on.

 

Fairfax fits a lot of the criteria I look for in a long term hold (founder/family led, quality assets, reasonable valuation, low exec comp) but I have a strict rule against buying businesses where I feel management has mistreated me. I should maybe make an exception here, as the incident I disagreed with was at Fairfax India (when they gave OMERS a sweetheart deal so they could mark the airport up and take fees) not FFH.

 

Something I'm thinking about. I tend to make very fast decisions on short term stuff (options, swing trades) and am very methodical about long term holds.

Posted (edited)
8 hours ago, mananainvesting said:

Why only in a tax-free account? No withholding tax on capital gains and the dividend is minute (so not much hit, and one still gets only 15% withholding due to treaty)

My understanding is that Fairfax could likely be considered a PFIC for a US investor.

Edited by Rainier
Posted
2 minutes ago, Rainier said:

My understanding is that Fairfax could likely be considered a PFIC for a US investor.

Fairfax Financial insights

 

 

No chance - I feel like this discussion is mistaking Fairfax India (FIH.U - almost certainly a PFIC for US investors, best in an IRA or similar) for Fairfax Financial, which is definitely an operating company.

Posted
18 hours ago, Rainier said:

My understanding is that Fairfax could likely be considered a PFIC for a US investor.

Exclusive investor webinars

 

I think you are mistaking Fairfax India with Fairfax Financial. $FFH.TO is an active insurance company, so fails the PFIC test (that is my understanding). Not financial advice.  

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