Prem Watsa is one of the most respected investors in the world and I always enjoy his shareholder letters.  Fairfax Financial has dramatically improved the quality of its insurance operating businesses but the financial results have been obscured by huge losses on equity and CPI hedges.  Watsa is a firm believer that the global economy...Read More

I’m not surprised to see that Prem Watsa’s Fairfax Financial (FRFHF) has made a bid for Blackberry (BBRY) at $9.00 per share in cash.  Fairfax owns roughly 10% of the company and by taking the company private, I’d expect to see Fairfax monetize the patent portfolio and focus on the Enterprise and Government businesses, while...Read More

While value investing is practiced by a small minority of market participants, even fewer understand, or have the patience to see it through.  Many people think it is as simple as buying a stock that is cheap, and then it goes up from there, typically within a few months to a year.  Sometimes investments do...Read More

Today I was able to read over the most recent shareholder’s letter from Prem Watsa, CEO of Fairfax Financial.  This is a company that is often under the radar for many U.S. investors, but Watsa is known as “The Warren Buffett of Canada.”  Watsa operates a similar business where he invests using insurance float and...Read More