Prem Watsa is one of the few investors in the world who saw last year's meltdown coming and placed his investment bets accordingly. Consequently, he made billions for the shareholders of Fairfax Financial Holdings. In 2006, Fairfax's shareholders' equity was US$2-billion and by 2009 it was US$6.5-billion. He sat down for an interview recently with the Financial Post's Editor-at-Large Diane Francis to discuss ways in which the world can "reset risk management" in order to avert future catastrophes. This is the first of a two-part interview. The second part will appear on Dec. 1.
Read more: http://www.financialpost.com/executive/story.html?id=2258326#ixzz0Xqa4LfR4
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Read more: http://www.financialpost.com/executive/story.html?id=2258326#ixzz0Xqa4LfR4
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