Fairfax Financial

Hey again, over the past few months I've been researching Fairfax Financial Holdings or Fairfax.

I read the Fairfax Way alongside with its annual reports and shareholder letters.

Like Berkshire Hathaway and Markel, Fairfax is a combination of an insurance company and an investment vehicle.

The company is listed in Canada but is operating globally.

Today I have the opportunity to sit down with a true Fairfax expert.

He's been following the company for five years now and will help us get a deeper understanding of the business.

Ashif, welcome to the show.

Thank you very much, Roque.

We are proud to be a part of the return of grain exports through Churchill and to establish a relationship that will see additional shipments this season and in future years.

So according to a story at realagriculture.com, Al-Khatib's company has ties to Churchill and Arctic Gateway Group as AGT and parent company Fairfax Financial Holdings held a 50% stake in the railway to Churchill and the port facility from 2018 to 2021.

They partnered with the current owners of AGC, a consortium of 29 First Nations and 12 northern communities known as One North, to acquire the assets from Denver-based Omnitracks in 2018 before transferring their stake to One North in 2021.

Now, historically, the Canadian Wheat Board was the main user of the port, with annual export volume sometimes exceeding 400,000 tonnes.