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

To: Jurgis Bekepuris who wrote (61201)	8/13/2018 10:01:15 PM
From: Spekulatius	1 Recommendation Recommended By Jurgis Bekepuris Respond to of 78751

Large positions for me are ENB, LAACZ, FB, GOOG, BRK.B, AXS, RE, FRFHF, WMB, KMI, CMCSA, CHTR/LBRDA and PPL and assortment of foreign stocks and micro caps. Recent adds were PRCP, LORL, SYCRF and RE. I flip flopped on several housing stocks because the underlying results were not consistent with my bullish thesis. most of these stocks have come down further. I trimmed a bit on ENB and FB ( selling off what I added after that I’ll received CC).

To: Jurgis Bekepuris who wrote (61201)	8/27/2018 12:08:46 PM
From: Paul Senior	1 Recommendation Recommended By Jurgis Bekepuris Read Replies (2) \| Respond to of 78751

FFXDF. Finally looking at this one a little closer after your several mentions: At June 30, 2018 common shareholders' equity was $2,056.2 million, or $13.26 per share, compared to $2,132.5 million, or $14.46 per share, at December 31, 2017, a decrease of 8.3% primarily related to unrealized foreign currency translation losses as a result of the weakening of the Indian rupee relative to the U.S. dollar. The stock of this holding company is about $16.50 this morning. It's traded above $14.46 for almost all of this year. That's down somewhat from prior year due to market decline in one of the publicly held companies coupled with decline in rupee vs $. (Per FFXDF: "Please note that Fairfax India’s book value is based on publicly traded market value only for the three of its eight investments which are publicly traded (the rest are based on appraised values not too different from their cost".) Maybe the high (imo) price over stated bv is a reflection of investors belief in Fairfax being able to successfully invest in Indian companies, and maybe Fairfax's assumed conservative valuation of the private companies it holds. (In 3/18 letter to shareholders, management notes: "...Book value per share, our key performance measure...") I'll take a few starter shares here. Stockholder gets Fairfax's good management, presumed good managers in India running those few Indian companies that Fairfax has taken substantial positions in, and of course the assumed very good continuing growth of the Indian economy. I intend to add more shares as I become more comfortable with the bet here. fairfax.ca

To: Jurgis Bekepuris who wrote (61201)	9/15/2018 12:59:53 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78751

My top (>2%) positions in no particular order: BRKB, FRFHF, LSXMA, ISTB, JPM, EXXRF, DISCK, FB, BRS bond, MKL, AAPL In: Out: Fixed income: 9% Cash: 6% Sectors (kinda): Insurance(FRFHF, BRK, MKL): 23%, Malone/media: 16%, Banks/financials: 9%, Cars: 1%, Oil: 2%, Medical/pharma: 1%, Tech: 14%, Various owner-operators (not included in other categories): 12% New positions: NLSN, SHOP Positions increased: NPSNY, FB, IBKR Positions reduced: Nanocap P Positions eliminated: BYDDF Flip-flop: Sold BYDDF position. Not comfortable with Arsenal scandal and LA electric bus story. I am not sure the company is as well managed and upstanding as Buffett and Munger claim. Bought new position in NLSN based on valuation and activist involvement. Bought tracking position in SHOP. Added to NPSNY, FB at lower prices. Added a bit to IBKR position.