# Fairfax: Fair and Friendly Page: https://stenobird.com/podcast/long-term-investing-with-baskin-wealth-management-5755574/fairfax-fair-and-friendly Text version: https://stenobird.com/podcast/long-term-investing-with-baskin-wealth-management-5755574/fairfax-fair-and-friendly.md Podcast: [Long Term Investing - With Baskin Wealth Management](https://stenobird.com/podcast/long-term-investing-with-baskin-wealth-management-5755574) Published: 2026-04-28T12:13:13+00:00 Episode link: https://podcasters.spotify.com/pod/show/barry532 Audio file: https://audio-delivery.cohostpodcasting.com/audio/b0adfb2c-55ba-452f-88d1-53f7b32b626b/episodes/6f4a308a-cdf4-41bb-8b88-da87b7089f0d/episode.mp3 Processing state: not_requested JSON: https://stenobird.com/v1/public/podcasts/long-term-investing-with-baskin-wealth-management-5755574/episodes/fairfax-fair-and-friendly Duration seconds: 2609 ## Resource Recorded on: April 22, 2026 This week, Barry and Ernest break down their new investment in Fairfax Financial including the business model, similarities and differences to Berkshire Hathaway, and their strong track record in underwriting insurance and growing shareholder value.  0:00- Introduction 6:44- Fairfax's business model 12:10- Disciplined insurance underwriting 21:00- Fairfax's investment strategy 28:58- Return expectations 34:44- Key man risk for Fairfax 36:30- Insurance industry risks ## Actions - request_transcript: `POST https://stenobird.com/v1/public/podcasts/long-term-investing-with-baskin-wealth-management-5755574/episodes/fairfax-fair-and-friendly/transcription-requests` — Idempotently request low-priority transcript generation for this episode. - read_markdown: `GET https://stenobird.com/podcast/long-term-investing-with-baskin-wealth-management-5755574/fairfax-fair-and-friendly.md` — Read the agent-friendly Markdown representation of this episode resource. A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed. ## Transcript Full transcripts are not published on public pages unless there is a clear rights basis.