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Excellent article. One comment:
Jun 06 21:10 pm
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All Comments by chengjunli2003 »Fairfax Financial: Anatomy of a Hatchet Job [View article]
Mr. Tilson: I think you get the float cost wrong. If you read the FFH AR page 7 table more carefully you will see (2.5%) rather means a positive (not negative) cost of the float. Reading the immediate paragraph following the table clarifies this even further because the 3.3% figure for 2007 means actaully a negative cost.