Trevor Scott
@TidefallCapital
No Management Fee. No Closet Indexing. Just Investing. Tweets are not investment advice.
Q3 2021 Letter $FFH.to tidefall.substack.com/p/q3-2021-lett…
$FFH.to going to laughably crush it in Q2 earnings. Turns out this was trading at 2x PE a few years back. Still dirt cheap.
How are Fairfax’s 8 largest publicly traded equities performing YTD to July 24, 2025? Very well. 7 months into 2025, they have increased in MV by $3.3b, or 39%, or $153/FFH share. Click the link for details. $FFH.TO $EUROB.AT $OLA.TO $FIH-U.TO $MYTIL.AT thecobf.com/forum/topic/21…
More insider buying from $FLL. CEO bought back over 1 % of the entire company the past month.
Seth Klarman on US debt and how DOGE's failure might cause higher rates.
Never one cockroach in the kitchen. "UnitedHealth Group revealed it is facing a Justice Department criminal and civil investigation over its Medicare billing practices." $UNH
$UNH had 60 consecutive quarters of beating estimates 🚩 but were struggling in Q4. What to do? Near Enron level shenanigans! Sell $3bn of assets, realize one time gains and book it as a reduction in opex. And they might have to buy the unit back! Deloitte signed off on this😃!
Doing physio on my patella (winter basketball screwed me..) gained weight. Been doing OMAD (one meal a day @ 4pm, coffee in the morning). It was challenging at first but has gotten much easier. Kind of feels like a weight loss cheat code.
"Fairfax are particularly well-positioned for the current environment and market conditions given its combination of relatively low valuation and macro sensitivity and healthy underlying growth profile." - Scotia $FFH.to
$UNH had 60 consecutive quarters of beating estimates 🚩 but were struggling in Q4. What to do? Near Enron level shenanigans! Sell $3bn of assets, realize one time gains and book it as a reduction in opex. And they might have to buy the unit back! Deloitte signed off on this😃!
I think $CROX might be positioning to sell HeyDude (which is a good thing as long as the price isn't negative).
It's best to remember this when it seems like it no longer applies.
$GLASF the biggest greenhouse of a still federally illegal substance, located in California and seemingly dependent on migrant workers. -15% this week. 1 dead and at least 361 arrested... sfgate.com/cannabis/artic…
Hard to remember another time I've seen FinTwit so bulled up!
"Homophobic arbitrage" A true value investor @vitaliyk investor.fm/homophobic-arb…
"That pricing power became $FICO 's primary growth engine. The company raised mortgage-score fees from 60 cents in 2018 to $4.95 today - a staggering 725% increase."
