Fairfax bets on low inflation

Fairfax Holdings spent about $175 million this year, betting that prices won’t rise much over the next decade, and has already made $100 million on the deal. WSJ has details (sub. req.): Fairfax paid $174 million in upfront fees to protect $22 billion of its investment portfolio against the possibility of deflation over the next [...]

Attention, actuarial sports fans

For years, I’ve told people that the most expensive sports ticket in history will be the one that gets them into the next World Series game in Wrigley Field. Wrigley, sports fans know, is home to the Chicago Cubs, who haven’t played a World Series since Oct. 10, 1945. Chicago is such a sports-hungry town, [...]