Sidecar Strategy: Leveraging Market Structure Asymmetry with Canada’s Top Capital Allocators (Fairfax Financial, Strathcona Resources, E-L Financial, & the Gold Industry)

Welcome to the Newcomer Investor Channel! In this episode, I chat once again with Asheef Lalani, an incredible Toronto-based investor. Please note, this conversation was recorded on July 8th and on July 14th 2025. As a result, any references to specific future dates/events in the episode may refer to a time that has already passed. 

 

Connect:

Newcomer Investor on X:⁠⁠⁠ ⁠⁠https://twitter.com/NewcomerInvest⁠⁠⁠⁠⁠

Asheef on X: ⁠⁠⁠https://x.com/BrownMarubozu

Fiscal AI: my favourite research tool: ⁠⁠https://fiscal.ai/?via=anthony⁠⁠

 

Episode Highlights:

(0:00) - Intro

(2:18) - Market structure

(8:25) - Fairfax

(42:41) - Strathcona Resources & MEG takeover attempt

(01:22:10) - E-L Financial

(01:43:00) - Gold industry + Mako Mining, Orla, Franco Nevada

(02:02:50) - Spotting patterns: great value, great management, + market structure opportunity

(02:11:15) - July 14th extra segment: Strathcona news + Greenfire Resources