longlake95

Doo. Great song. Ya, she's amazing. Under-rated.

My latest crush. Highly under-rated. Amazing voice.

Same. I’ll be the guy crawling across the finish line at the race on Sunday.

Parsad, thanks for the notes on the AGM. I was there this year, nice to see/meet so many of the managers of FFH companies and managers of some of the larger investees. 2 things really jumped out at me this year. Firstly, more discussion on buying better businesses and letting compounding work its magic ( a la, BRK). Second, I think I heard Prem correctly, when he said they only need a 5% return on the investment portfolio to achieve their 15% growth in BV hurdle. The 30 year return has been 7.7%CAGR. It reinforces how they just need to keep hitting singles and doubles for this to be a REALLY good investment over time. A few home-runs will just be icing on the cake. The discussion on owning financials (and the 2.5x multiplier effect) in a growing economy was very interesting as well. Hard not to get excited about India for the next couple decades.

Ya, sorry, drifted….

Agreed, however, a great example of the perfect combo is Canadian domiciled - US/international operations, think FFH. SJ, sells most of their products in the US. TFII, Canadian based US centric. I’ll pay up for this model. Not much though I’m thrifty.

It’s unfortunate, and that’s the reason Canada will never be as successful as the US. I spent a lot of time down there, and their work ethic is much greater than north of the border. Another reason to have a bulk of your assets at work outside our borders.

That’s the problem Jaygo, you’re the exception. You work hard like I did/do, and you built your net worth. Not afraid of work. Now we have the generation behind us, that’s used to the government propping them up. Yes, I know, not everyone is lazy… but, tell me why, in Canada 40% of Canadians receive more in government benefits then they contribute to system. Talk about long term damage. Rant over.

bought more GIL on the 26th. I'm in the camp that Chamandy is coming back. Probably wrong though.

okay, that makes sense, thanks, so the banks are the middle man... would love to know who the underlying counterparty is...

Viking: I apologize if you covered this in the various threads already, but, don't you find it very interesting that the TRS counter-party is the Canadian banks. I guess they (the banks) really do have a "Chinese wall", when you have the investment research side of the banks basically all pounding the table on FFH now. If the analysts are already onside/or coming on side recently, as to the value in FFH, then who the hell is making the call to be the counter party to the FFH swaps? Just seems very peculiar. LL

I think he is too smart. I prefer the dim-bulb approach.

4.39% CAGR since inception (2002). https://www.hussmanfunds.com/strategic-total-return-fund/

looks like a perfect buy signal in 2021...

ya, I have a basket of floater prefs, where I've parked cash until a good idea comes along. I'm in the camp (probably wrong, lol) that rates are higher for longer, so these floaters are a good place to be. Incidentally, based on a $25 par, many of these prefs are 8% money for the issuer(s). So, if rates do stay higher for longer, maybe they take some of them out and issue lower rate prefs.