Fairfax Financial Holdings (OTCPK:FRFHF) is a Canadian holding company created from scratch in 1985 by Prem Watsa, when he acquired a distressed Canadian truck insurance company named Markel Financial.
Mr. Watsa is often referred to as the Canadian Warren Buffet, as his company resembles Berkshire Hathaway (NYSE:BRK.A)(BRK.B) under many aspects. In fact, the holding seeks to re-invest the income collected by its insurance subsidiaries, as well as their insurance float, in the equity and bond market, leveraging its net asset position.
However, the company's shares failed to achieve the