Author Topic: Fairfax stock positions  (Read 46135 times)

Xerxes

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Re: Fairfax stock positions
« Reply #130 on: November 13, 2020, 01:12:03 PM »
Fair enough, but investment is not only about going with the right business and getting management right. There is also about position sizing.

If Berkshire can average-up on Apple or average-down on Bank of America, overtime, there is no excuse for FFH. I understand this might have been a direct sale from previous owner and then a buy from the market.

Surely the downside of one big buy on a highly cyclical business overwhelm the upside of any savings that might come from buying direct from the seller in this case.


petec

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Re: Fairfax stock positions
« Reply #131 on: November 13, 2020, 01:46:36 PM »
It wasn’t a big buy. But it would definitely have been good if they’d had the cash to add this year when it fell.
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cwericb

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