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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (42712)	5/18/2011 4:30:46 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78712

Sorry I missed TRH for an add in $46+ area. PTP might work here, although I guess not all their Japanese earthquake/tsunami exposures have made known. I'll pass on PTP, at least for now.

To: Spekulatius who wrote (42712)	5/18/2011 10:53:14 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78712

Well, TRH is only slightly better than NWLI. Book value growth 10%. Of course, when looking at book value growth, one should account for the dividends paid. If that is taken into account, NWLI looks worse than TRH. Are you again coat-tailing Einhorn? ;) Any other reasons you prefer TRH to AWH, RE, AXS? IMHO, RE has better results than TRH overall.

To: Spekulatius who wrote (42712)	5/19/2011 12:06:30 AM
From: Jurgis Bekepuris	Respond to of 78712

PTP - choosing between these (re)insurance companies sometimes looks like splitting hairs. Except for some that are obviously lacking, the others are quite similar in long term. I guess the answer is to read through their AR sales pitch and choose the one(s) that don't seem too sleazy or incompetent. ;) But then if you look at their 10 year results, they all look fine. And if you look at current Japan/NZ/etc. exposure and losses, even BRK loses money. And if you try to predict the future, you might as well roll dice. ;) Or buy FRFHF which outperforms on a lot of metrics, but it's trading at book+. ;) Or buy BRK - same thing - more premium to book, bigger company, better capital allocator for now - I think I prefer FRFHF ;).