dividend, cr or nada, page-41

Fat Bloater: Yes... we could have 3, 4, 5, or 6+ in a row. But getting say 5 bad years in a row, is a lot harder to get than 2 bad years in a row.

The way I see it, I'm rolling a die on this one, I hit 1-5 and it pays out. It hits a 6 and I lose. If it hits land a 6 twice in a row, I ain't gonna invest with the rear vision mirror and say, "oh no, it's going to be a six again".

Yes it's possible, but statistically I think the odds are still on my side.

QBE has all the negatives priced in, major cats, poor returns on government bonds, an exchange rate at historic highs... I'm happy to wait for just ONE of the three above to change to come out ahead in the next 2-3 years. 3-5 years I'm waiting for the other two or three to change and then it'll be a major pay day.

I could be wrong, but I've put my money where my mouth is and am happy to wait.