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Prem is also more willing to do buybacks cheaply which Buffett mistakenly avoided for “ethical reasons”. Another benefit for $FFH.TO remaining shareholders
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I don’t think they changed their ways as much as matured as I think all investors hope they will.
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19 May 2025
The Night Stockers by Kristopher Triana and Ryan Harding Knives 🔪🔪🔪🔪 90s nostalgia, rivalries, gore, sex, romance, and a final girl. It's is a fun book to read. #TheNightStockers #BookReview #KristopherTriana #RyanHarding #HorrorBook
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Unofficial rainfall from Isle Aux Morts. 4 1/2 inches or approx 113mm since Sat 4pm to Mon at 930am. @EddieSheer @RyanHarding #nlwx
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22 Apr 2025
And they will still pronably provide better IRR than all the names on that list by sheer fundamental growth.
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21 Mar 2025
I have high confidence because they booked plenty of reserves over the past 4 years. I expect those to be released over the next 4 years which will buffer the combined ratio.
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I corrected in a reply to myself, to 1/360. Which was the 1st error. The second, that I see now, is I mixed units. So, consider the original post as pure shite.....
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19 Jan 2025
I think probably closer to 10% better CAGR vs 5% all else being equal but each is on an idiosyncratic journey so that can change. It’s much harder for $BRK to find things that move the needle.
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1 Jan 2025
It’s not that discretionary. They purposefully follow a lot of rules as it’s a zero upside job. Q324 was really the first review period they could have added $FFH.TO as $AQN dropped below 20bp. I agree with you that Q125 is likely when it happens.
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18 Dec 2024

ALT Thank U GIF

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Exactly. It’s a win loss. Win for cash flow but loss for Society. Hearing mungers representation of this really helped me look at things differently.
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9 Oct 2024
That’s usually shocks that are temporary. Then the buying shows up again through the regular payroll deductions etc…
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1 Aug 2024
Replying to @RyanHarding
I think we can assume buybacks stop at a certain multiple and may even turn into issuance if there is significant expansion which has decent odds. $FFH.TO is very underowned by Bay St b/c it doesn’t screen well. That might not change and then it’s up to shareholders to HODL 😂
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1 Aug 2024
Replying to @RyanHarding
Why shouldn’t it trade at double the current multiple right now? $FFH.TO has similar expected ROE as $IFC.TO ~17%. Analysts are closer to 14% for FFH but they are predicting only 5.5% returns for the $800/sh non-fixed income portfolio. FFH P/B 1.2x IFC P/B 2.8x
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24 May 2024
Would
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24 May 2024
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You’re just jealous you’re not hot enough to commit atrocities Will.
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24 May 2024
I’m just going to say it: This is a pretty weird thread!
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