Fairfax Financial Holdings Limited is a financial holding company based in Toronto, Canada, with operations spread across the globe. The company was founded in 1985 by its current CEO, Prem Watsa, who is widely Oman Phone Number regarded as one of the most successful investors in Canada. Fairfax's primary focus is on insurance, reinsurance, and investment management. The company has a diversified portfolio of businesses in different sectors, including property and casualty insurance, real estate, and financial services.
Prem Watsa, often referred to as the "Warren Buffett of Canada," is the driving force behind Fairfax Financial Holdings. Watsa was born in Hyderabad, India, and moved to Canada in the early 1970s to pursue his education. He earned his MBA from the Ivey Business School at the University of Western Ontario and began his career as a financial analyst. In 1985, Watsa founded Fairfax and has since transformed it into a multi-billion dollar conglomerate with a solid track record of profitability and growth.
Watsa's investment philosophy is rooted in value investing, which is focused on finding undervalued assets and holding them for the long term. He is known for making contrarian bets and taking advantage of market opportunities that others may overlook. Watsa's conservative approach to investing has helped Fairfax weather financial crises and economic downturns, making it a resilient and stable company in the volatile world of finance.