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Who is Prem Watsa?

Prem-Watsa Prem Watsa is the founder,  chairman and CEO of Fairfax Financial Holdings since 1985. He was born in Hyderabad, India in 1950. He is an alumnus of IIT Madras graduating in chemical engineering in 1971/72 and completed his MBA from western Ontario university Canada.

He started his career with Confederate Insurance Co. In 1985 he founded  Hamblin Watsa Investment Counsel with his earlier boss Tony Hamblin who was working as Chief Investment Officer at Confed.

 

Prem Watsa first big-ticket was his bet Markel Financial and it paid him well. He is known as king of lost cause and many times dubbed by media as Warren  Buffet of Canada. Long term investment has been a pillar of his investment strategy. He is from Benjamin Graham’s The Intelligent Investor, the classic book of value investing to whom he was introduced by his boss.

The deal which is still to be finalized is a mutual agreement between Fairfax Financial Holdings Ltd and BlackBerry to take BlackBerry private. His company Fairfax Financial Holdings Ltd is also a 26% stake holder in ICICI Lombard. In private it may BlackBerry will be able to get back it ability.

It may be in the guidance of Prem Watsa BlackBerry fortune will change.

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