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Prem Watsa on Wells Fargo, Johnson & Johnson, and U.S. Bancorp

March 09, 2014 | About:

Given our concern about financial markets and the excellent returns we achieved on our long term investments, we reluctantly decided to sell our long term holdings of Wells Fargo (a gain of 125%), Johnson & Johnson (a gain of 47%) and U.S. Bancorp (a gain of 135%).

From Fairfax Financial 2013 Chairman’s Letters to Shareholders

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