The Business Brew

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Dec 26, 2025
Bill Brewster shares insights on his recent upload snafus and plans to re-record key segments. He discusses the themes of operational turnarounds and leadership drawn from a lost interview with David Thomas, while promoting his book. A personal touch emerges as he talks about repairing his GNU canoe. Reflecting on unsolved issues in Basic Capital, he raises interesting questions about financing dynamics. Bill also encourages listener feedback and guest ideas, wrapping up with warm holiday wishes and a return note for 2026.
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ANECDOTE

Lost Interview About The Fairfax Way

  • Bill's recorded interview with David Thomas about The Fairfax Way was corrupted and never released.
  • He still recommends the book as a solid read on insurance and business history.
INSIGHT

Buying Cheap Insurance Requires Deep Operational Work

  • The Fairfax story shows long conversion work turning cheap insurance acquisitions into viable operations.
  • Stock performance can still lag while companies overhaul operations despite long-term commonalities with peers like Markel.
ANECDOTE

Christmas GNU Boat Return

  • Bill received a GNU boat for Christmas that he'd bought for $1 and had repaired after a long wait.
  • He enjoyed driving it with a 15-horse tiller motor and felt like a kid on the water.
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