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  • edwinclaudi000 edwinclaudi000 • May 18, 2009 7:05 AM Flag

    Am I the only person....

    I have started a position, and have been adding to it when they reopened the fund for new subscription. Its already 6% of my equity portfolio and planned to keep on adding till it reaches 10.

    The managers have their own money invested along with ours, and to me it makes a lot of difference.

    My other top 5 holdings,
    BRK.b - 16%,
    MKL - 10%,
    LUK - 10%,
    FAIRX - 6%,
    BAM - 6%.

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    • morleydembo morleydembo • May 18, 2009 1:05 PM Flag

      Hope you bought those equities when they were whacked hard earlier this year. LUK @ 11, ditto for BAM, MKL sliced like salami in half from $500, Berkshire down in the low $70s.

      Interesting list. I don't own it but Fairfax Financial may fit snuggly in your strong box. Prem Watsa writes an interesting AR and made several counter bets that have paid off handsomely. Crappy insurance companies, though, under the FFX umbrella.

      • 1 Reply to morleydembo
      • edwinclaudi000 edwinclaudi000 • May 18, 2009 4:14 PM Flag

        My average cost on those are about 20% above what they are now. But I do not have to sell these for the next 5 to 8 years, as I have 5 years expenses deposited in CD's, and also have a job.

        As for FFH, I owned them a couple of years back, I bought at 145, saw it go down below 80, on fitch downgrade & bankrupcy rumors, came back, cashed out at 200. But they are in a better position now, than they were a few years back. I will buy it back, if it falls below 200.

 
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