Canadian stock markets may tumble dragging Fairfax along too. There could be a buying opportunity in the days ahead.

What do you think would be a great price to buy?

I think the current price is reasonable, and lower prices would be great, too. I don't think Fairfax is affected by the tariff threat very much. It's insurance businesses on both sides of the border should be unaffected, and most of its really big investments (Eurobank, Fairfax India and the Bangalore airport, Digit insurance, the Canadian mattress company, Bauer hockey equipment, the mining businesses, etc.) will be fine.

I guess the 2 most vulnerable would be the shipping business (Poseidon), if there's a trade war (which I doubt), and Recipe, the Canadian restaurant business, would be hurt by a severe recession in Canada, which high tariffs might well provoke.

But all told, I think a general price drop would be a buying opportunity.

dtb