Fairfax and Base Effect

In the previous post, we had spoken about 5, 10 and 15 year record of Fairfax.

So, why do we hold Fairfax?

a. Since 2008, Fairfax has publically had a different equity strategy compared to Berkshire and Markel.

b. If we consider 2009 to 2013 as base effect issues because they have taken a fairly different strategy as against the market.

c. Let us look at 1998 to 2008 and 2003 to 2008 and 2008:

Fairfax

1998 to 2008 9.3%
2003 to 2008 10.9%

Berkshire

1998 to 2008 6.4%
2003 to 2008 6.9%

Markel

1998 to 2008 11.2%
2003 to 2008 9.6%