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Fairfax Financial: Canada's Hidden Gem
Manage episode 448616928 series 3449815
Welcome to the Newcomer Investor Channel, where we uncover the story behind great businesses and make investing accessible and fun for everyone!
In this episode, I am joined by Asheef Lalani for an in-depth analysis of Fairfax!
Please note, this conversation was recorded on November 4th. As a result, any references to specific future dates/events in the episode may refer to a time that has already passed. And remember that nothing here is financial advice
Connect:
Newcomer Investor on X: https://twitter.com/NewcomerInvest
Newcomer Investor Email: iamthenewcomerinvestor@gmail.com
Asheef on X:
Episode Highlights:
(0:00) - Intro
(1:45) - Asheef’s career in finance
(5:00) - Asheef’s investing style
(7:50) - The evolution of markets
(18:45) - Fairfax - what do they do? what is a p&c business?
Who is Prem Watsa? What is the Fairfax culture?
(27:20) - Fairfax’ largest stock: Eurobank
(29:45) - Understanding Fairfax’ valuation and some of its “hidden” components
(36:45) - Breaking down Fairfax’ insurance business
(41:55) - Downside protection
(47:27) - The float!!!
(49:20) - Global diversification
(53:25) - Fairfax India
(1:05:20) - Book value - comparison with Intact
(1:08:00) - genius move: Fairfax’ Total Return Swaps
(1:12:50) - catalyst: Fairfax’ potential inclusion into the TSX 60
(1:19:00) - How all Fairfax segments come together
(1:20:30) - Brookfield & Fairfax similarities
(1:22:00) - Fairfax vs Fairfax India
(1:26:00) - Fairfax Stock: Strathcona Resources
(1:43:00) - Mako Mining and execution risks
(1:47:00) - Fairfax recent acquisitions: Sleep Country Canada and Peak Achievement
(1:58:45) - Fairfax stock’s exceptional return
(2:00:00) - Stock splits
(2:08:45) - Why some people choose to avoid Fairfax (and Brookfield!)
(2:12:30) - How Prem treats people
(2:17:00) - Asheef’s advice to investors
94 episode
Manage episode 448616928 series 3449815
Welcome to the Newcomer Investor Channel, where we uncover the story behind great businesses and make investing accessible and fun for everyone!
In this episode, I am joined by Asheef Lalani for an in-depth analysis of Fairfax!
Please note, this conversation was recorded on November 4th. As a result, any references to specific future dates/events in the episode may refer to a time that has already passed. And remember that nothing here is financial advice
Connect:
Newcomer Investor on X: https://twitter.com/NewcomerInvest
Newcomer Investor Email: iamthenewcomerinvestor@gmail.com
Asheef on X:
Episode Highlights:
(0:00) - Intro
(1:45) - Asheef’s career in finance
(5:00) - Asheef’s investing style
(7:50) - The evolution of markets
(18:45) - Fairfax - what do they do? what is a p&c business?
Who is Prem Watsa? What is the Fairfax culture?
(27:20) - Fairfax’ largest stock: Eurobank
(29:45) - Understanding Fairfax’ valuation and some of its “hidden” components
(36:45) - Breaking down Fairfax’ insurance business
(41:55) - Downside protection
(47:27) - The float!!!
(49:20) - Global diversification
(53:25) - Fairfax India
(1:05:20) - Book value - comparison with Intact
(1:08:00) - genius move: Fairfax’ Total Return Swaps
(1:12:50) - catalyst: Fairfax’ potential inclusion into the TSX 60
(1:19:00) - How all Fairfax segments come together
(1:20:30) - Brookfield & Fairfax similarities
(1:22:00) - Fairfax vs Fairfax India
(1:26:00) - Fairfax Stock: Strathcona Resources
(1:43:00) - Mako Mining and execution risks
(1:47:00) - Fairfax recent acquisitions: Sleep Country Canada and Peak Achievement
(1:58:45) - Fairfax stock’s exceptional return
(2:00:00) - Stock splits
(2:08:45) - Why some people choose to avoid Fairfax (and Brookfield!)
(2:12:30) - How Prem treats people
(2:17:00) - Asheef’s advice to investors
94 episode
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