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

To: Jurgis Bekepuris who wrote (58598)	12/5/2016 12:31:04 PM
From: Paul Senior	Respond to of 78751

UHAL. I'll up my small position a little now also. ca.finance.yahoo.com

To: Jurgis Bekepuris who wrote (58598)	1/1/2017 11:57:19 PM
From: Jurgis Bekepuris	1 Recommendation Recommended By staring Read Replies (4) \| Respond to of 78751

My top (>2%) positions in no particular order: FRFHF, BRKB, JPM, Fannie/Freddie prefs, EXXRF, DISCK, ISTB, LSXMA, NOV, TESB.BE, MKL, AAPL In: Out: Fixed income: 5% Cash: 14% Sectors (kinda): Insurance(FRFHF, BRK, MKL): 25%, Malone/media: 14%, Banks/financials: 9%, Oil: 4%, Tech: 3%, Various owner-operators (not included in other categories): 15% New positions: IVSBF, LCSHF Positions increased: LSXMA, MCO, UHAL Positions reduced: FRFHF, FRMO, SPND Positions eliminated: Flip-flop: My belief in good results of FRMO continues to drop, so I sold some. I reduced SPND position as it climbed a bit. FRFHF - I still like the (re)insurance side of the company. However, I am not so sure about the investment side. Since Fairfax removed the stock hedges that they put on couple years ago, this is no longer an investment that would do well if market tanked. I reduced my position. I started a position in IVSBF, which is a family foundation controlled holding company that holds pieces of various European companies. I like their history and I hope that they can continue to produce reasonable returns. I bought initial position in LCSHF. It is not very cheap. I would probably add if it dropped. I added some LSXMA, MCO, UHAL. My 2016 return was ~21%. It is higher than SP500, but less than holding just BRK would have produced. My 10 year annualized return is ~11%, which is higher than SP500 and BRK.