Introduction
Fairfax Financial Holdings Limited (FRFHF) is a holding company that strives to build long-term shareholder value by achieving a high rate of compound growth in book value per share over the long term. As of this writing, the company has a market capitalization of slightly below $12 billion. The company has been under present management since September 1985.
While its primary business is (global) insurance, in many respects, Fairfax operates like an investment fund. In this regard, Chairman and CEO Prem Watsa has a history of bold investment bets and, from time