To some, he's the Canadian Warren Buffett. But Prem Watsa has been under siege by short sellers for three years now. Time for the Fairfax founder to shoot back in an unprecedented interview
In this war, there are no prisoners, no truces, no neutral parties. Few companies inspire deeper loyalty?and more bitter vitriol?than Fairfax Financial Holdings Inc., the largest Canadian-based property and casualty (P&C) insurance company. One camp, including a handful of shareholders who control the majority of Fairfax's shares, sees company founder, chairman and CEO Prem Watsa as a Canadian version of investing god Warren Buffett. But for his critics, including the short sellers who've been locked in trench warfare with Fairfax for years, Watsa is far short of a god. To them, he can do nothing right.
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