I bought more of Fairfax Financial (FFH/NYSE) today -- boosting the amount of shares owned by 30%. I paid $92 this morning and the stock closed the day at $96.90.
Fairfax was first recommended here in May 2005 at $132.50 per share. That makes the average price $123.16 for the purposes of the blog’s readers.
Remember, my average cost for the company had been $125, having owned it long before launching this site. So my personal average cost is $117.39.
WSJ.com reports extensive short activity with the stock. I thought the shorts were wrong about Deckers Outdoor (DECK/NASDAQ) and was proven right.
I’m betting the shorts are wrong about Fairfax Financial, too.
John,
Check out the weighting of FFH in Markel Insurance Company's portfolio:
http://biz.yahoo.com/ms/060623/166825.html
Second only to their weigthing in Berkshire, and this is a company that knows investing and insurance.
Posted by: Jim Haggerty | June 27, 2006 at 08:00 AM
Jim,
Thanks for providing an AWESOME link.
I did know that Markel's management is top-notch, but didn't know FFH was their second-larget investment holding.
Posted by: John | June 27, 2006 at 11:04 PM
Buyers of guns must take gun-safety courses
Posted by: samurai | September 25, 2007 at 08:09 AM