Be fearful when others are greedy, and be greedy when others are fearful. But put real money behind it, not just bumper stickers.
We bought credit default swaps when everybody thought we were crazy. The $340 million premium was the best insurance policy we ever wrote.
India is where China was twenty years ago. The opportunity is generational, and we intend to be there for every decade of it.
Price is what you pay, value is what you get. I learned that from Ben Graham. I proved it with $2 billion in 2008.
The insurance float is not just capital. It's patient capital. And patience is the most undervalued asset in finance.
I came to Canada from India with almost nothing. This country gave me everything. The least I can do is invest in the world that shaped me.