How Prem Watsa Returned 146% on Canadian Stocks – And May Do It A
Prem Watsa’s preparedness in 2008 and 2009 readied him for opportunity when it arose, empowering him to gain as much as 207.5% on four Canadian investments. A similar situation is setting him up for similar returns in the foreseeable future.
In 2005, Watsa had prepared for disaster: He had 76% of the portfolio of his insurance conglomerate, Fairfax Financial (FFH), in cash and government bonds, and was 50% hedged.
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