Prem Watsa: Even Great Investors Have To Understand Their LimitationsThe Acquirer's Multiple
Here is a an example of what makes Prem Watsa a great investor. We were recently reading though the 1990 Fairfax Annual Report when we came across a couple of gems from Chairman Watsa. He is speaking about the mistake he made in the company’s investment banking business, and understanding your limitations as an investor.
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