Subject: Re: Berkshire Valuation v Fairfax Financial
If you look at Travelers today you'll see some convoluted "Core Earnings" discussions. It is the NEW NEW THING for the insurers who are locked in to some very low yielding long term bonds. These of course have huge losses, thus investors are steered to "core" or whatnot.

You'll not find that with Berk or Fairfax. Fairfax's investment portfolio today is excellent.