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Sorry if I missed something, I thought we were having a discussion about fixed income managers.



I was making a snide remark to the effect that Fairfax historically has been a pretty lousy operator in the insurance business, despite their sucess at fixed income.

FWIW, the big nut that Fairfax made was not in an insurance company, but in a holding company. That may not sound like a big deal, but their managers were successful in the context of a portfolio that was largely unconstrained by insurance company regulatory considerations.
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