How Canada’s Warren Buffett Has Created A Company To Rival Berkshire

Prem Watsa founded Toronto-based financial services firm Fairfax Financial Holdings in 1985. Over the past 37 years, he has grown this institution into one of the largest insurance groups in the world. Q4 2021 hedge fund letters, conferences and more Fairfax was founded with $7.6 million of shareholders equity in 1985. At the end of 2020, this figure stood at $12.5 billion. Since its inception, the company’s book value per share has grown at a compound annual rate of 17.9%. Canada’s Warren Buffett Thanks to Fairfax’s growth, Watsa has been dubbed “Canada’s Warren Buffett,” although there are some significant differences…