Our investment in Eurobank Properties, an exceptional Greek real estate investment trust with outstanding management led by George Chryssikos, where we have increased our investment through their rights issue, has an unrealized appreciation of $109 million.... Of course, all this works out in the long term, so take these mark to market fluctuations as just that – fluctuations that have no impact in the long term.
From Fairfax Financial 2013 Chairman’s Letters to Shareholders
