PERSON DIRECTORY
Andrew Walker
Host of Yet Another Value Podcast. Andrew Walker appears in 145 indexed conversations across Yet Another Value Podcast. This directory brings every appearance, source, TL;DR, digest, and transcript into one searchable feed.
The Fairfax Way with David Thomas $FFH.TO
Fairfax delivered a 19.2% cumulative annual return from 1985 through 2024 as insurance, investments, and non-insurance operations evolved into three concurrent earnings engines after costly lessons in under-reserving and hedging.Buybacks have retired more than 20% of shares but recently slowed; succession and the 15% long-term book-value-growth objective now test whether this second wind can outlast Fairfax’s “seven lean years, seven fat years” rhythm.
March 2025 Fintwit Book Club: Diary of a Very Bad Year with Byne Hobart from The Diff
Expertise offered a probabilistic edge, not immunity from error, as the manager’s March 2008 calls show.Systemic crisis emerged when uncertainty over AAA collateral seized financial plumbing, while cheap funding scaled tiny credit-pricing errors into concentrated books.Hobart says AI economics do not support capex, though shorter asset duration may limit losses; peak spending could be depreciated by 2030 or 2031.