价值投资三年还是负、今年大幅落后标普、纳斯达克，所以会码字的都不擅长投资啊。还是写书赚钱靠谱雷石平衡基金P000412//@坚信价值:回复@坚信价值:【巴菲特接班人的新征途Atlas Corp（ATCO）】
$枫信保险(FRFHF)$ 老板Prem Watsa吹他们的第一大仓位$Atlas(ATCO)$ （之前名字叫Seaspan），里面其实最中心的逻辑就是投资一个人，大卫索科尔（David Sokol）。
索科尔曾经是巴菲特的二把手，在Lubrizol丑闻之前是最热门的接班人。$伯克希尔-哈撒韦B(BRK.B)$ 
以下摘自枫信2019年报：

1、在把APR合并进来之后，ATCO定位为一家投资控股公司。将打造成一个投资复利机器，伯克希尔能源2.0。
2、ATCO的主席索科尔，在领导伯克希尔能源的20年，年化回报20%。
3、（按照2019年底的股价）8.5倍市盈率，3.5%股息率。更新：现在跌回来之后，4倍市盈率，6.3%股息率。

4、ATCO是枫信的最大投资。枫信投了7.6亿美元的股权，5亿美元的债，还有面值2亿美元的期权。
Under the leadership of David Sokol as Chairman and Bing Chen as CEO and with the acquisition of APR Energy, we expect that the recently re-named Atlas Corp. (formerly Seaspan) will continue to be a significant driver of shareholder value over the long term. 
With the addition of APR, Atlas Corp. has become a holding company that we fully expect David and Bing will continue to build into a compounding machine (think Mid-American 2.0). We are very appreciative of the efforts of Chuck Ferry, APR’s CEO, and John Campion, its founder, before him and we believe Chuck will do a tremendous job driving the business forward under David and Bing’s leadership.
At year end, Atlas Corp. shares were selling at $14.21 per share, approximately 8.5x earnings, with a dividend yield of approximately 3.5%. 
Please remember that Mid-American, under David Sokol, compounded earnings at more than 20% over a 20-year period. 
Including the APR transaction, we have invested $760 million in common shares of Atlas Corp. (cost per share $7.57), and we hold 25 million warrants exercisable at $8.05 and $500 million of 5.5% debt.